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Link Global Management - Global Payroll Management +44 (0)20 8016 9540

Payroll services for Cyprus contractors

  • Currency :
    1 euro =100 cents; Turkish lira used in north
  • Internet domain :
    .cy
  • Dialing code :
    +357
  • Related online resources

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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.

Payroll Services for

Cyprus Contractors

Employment status 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.

Link Global Management can provide a full range of payroll services in Cyprus. The individual will be engaged on our payroll and income is paid in the form of salary, allowances and expenses, the proportion of each part depending on individual circumstances.

Salary, Tax & Social Security

Link Global Management deducts tax and social security at source on a PAYE basis, and payments are made to the relevant authorities on the employee's behalf. The taxable amount may be reduced by offsetting certain business expenses. There are different tax rates and bands according to earnings level and marital/family status.

Link Global Management will discuss your personal circumstances with you and help you to minimise your tax and social security liabilities, within the boundaries of Cyprus legislation.

Tax Returns

Income is managed tax efficiently, not just in Cyprus but also in any other country where there may be a liability. A tax return is filed each year in Cyprus with advice and assistance from Link Global Management who will also provide help with filing tax returns elsewhere, if required.

Income tax in Cyprus

Nonresidents who become residents of Cyprus and take up employment there may deduct the lower of 20% of their salary or €8,550 during their first three years of employment in Cyprus.

Nonresidents who become residents of Cyprus and take up employment there after1 January 2012 and who earn more than €100,000 per year are granted a 50% deduction on their income for the first five years of their employment if they were resident outside Cyprus before taking up employment in Cyprus.

Nonresidents are taxed only on their Cyprus-source income from
employment exercised in Cyprus, a permanent establishment in Cyprus, rental of immovable property located in Cyprus and pensions from employment exercised in Cyprus.

An individual is resident in Cyprus if he or she is present in Cyprus for an aggregate of more than 183 days in any calendar year.

Thinking of contracting in Cyprus?

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Cyprus

Cyprus

Currency 1 euro =100 cents; Turkish lira used in north
Internet domain .cy
Dialing code +357
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