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Contracting in Cyprus – payroll services

  • Country name :
    Republic Of Cyprus
  • Population :
    1.135 million (2013 PRB)
  • Capital city :
    Capital: Nicosia (Lef kosia to Greek Cypriots. Lef kosa to Turkish Cypriots)
  • Languages spoken :
    Greek and Turkish
  • Major religion :
    Christianity and Islam

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Thinking of contracting?

From early planning advice to emergency payroll for imminent work, Link Global can help you with your work arrangements.

Get in touch with one of our advisors now using the phone number at the top of the page, or use our online form and email services.

Contracting in Cyprus

Payroll services

Work Permits & Visas in Cyprus

Thinking of contracting?

From early planning advice to emergency payroll for imminent work, Link Global Management can help you with your work arrangements.

Get in touch with one of our advisors now using the phone number at the top of the page, or use our online form and email services.

A foreign national may work in Cyprus if he or she has an employment visa. Employment visas are issued to foreign nationals who are employed in Cyprus by Cypriot entities. Nationals of other EU countries are routinely granted employment visas.

EU nationals may work freely in Cyprus.

A non-EU national in an executive or managerial position who works for an international business company that maintains administrative offices in Cyprus may easily obtain an employment visa. Professional and clerical employees are not granted visas unless no qualified local personnel is available. A local employer must prove that it cannot find a Cypriot employee with compatible experience.

To obtain employment visas in Cyprus, applicants must submit to the migration office a passport or equivalent travel documents and an employment contract.  Application for employment visas may be made in either the home or host country.

Social Security in Cyprus

Employers and employees each must make social security payments of 6.8% (effective from 1 January 2014, the rate is increased to 7.8%) of monthly compensation up to a maximum monthly amount, which is currently €4,533. Self-employed persons must contribute to the social security scheme at a rate of 12.6% of monthly income. Minimum and maximum monthly incomes of self-employed persons are classified according to the type of business, profession or vocation.

Foreign nationals employed by local employers must contribute to the Cyprus social security system unless either of the following applies.

They can claim exemption on the basis of bi lateral agreements entered Into by Cyprus (applicable for employees working in Cyprus for periods of up to three years).

Thinking of contracting in Cyprus?

Cyprus

Cyprus

Population 1.135 million (2013 PRB)
Capital city Nicosia
Language Greek and Turkish
Major religion Islam, Christianity
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