Omnipresent Employment Rating
What You Need to Know About Employing in Cyprus
Don’t risk non-compliance with local employment, social insurance, and tax regulations.
Omnipresent provides global employment solutions and professional employment organisation (PEO) services for companies looking to grow and build out a global team in Cyprus. Traditional methods of establishing global employment and subsidiaries in Cyprus typically take months and can incur heavy costs. Omnipresent’s global employment solutions and PEO services is helping hundreds of organisations onboard new employees in Cyprus in a matter of days with full compliance of local labour laws. We use a tech-forward approach to streamline the process.
- Your company conducts the hiring and candidate selection process in Cyprus.
- Omnipresent hires the selected candidate through our local professional employment organisation in Cyprus.
- We take care of ensuring your new employee is hired in compliance with local labour laws, payroll regulations, benefits and more -- all without needing to set up a subsidiary in Cyprus.
- The individual is legally contracted by Omnipresent but assigned to work for your company and reports to a manager or team in your organisation as your full-time employee.
Employer costs include Social Insurance, the GESY Fund, and the Redundancy Fund. Use the OmniCalculator to estimate costs or contact us for further information.
The rate of personal taxation varies depending on the income tax bracket the individual belongs to. This ranges between 0% - 35%.
OP TIC number - 10431642D
Expenses are non-taxable payments added to payslips. The 'basic salary' shows the total monthly salary.
Employee contributions include Social Insurance Contributions and the GESY Fund.
Weekly working hours including overtime for 5 days/week must be limited to 48 hours.
Please note that the below information covers national holidays and should be used for informative purposes only and not as a guarantee for payroll purposes. While we strive to offer you accurate information, public holidays are subject to frequent changes and can be dependent on regional differences. Should you need more detailed information on public holidays, please consult the government pages of the state and/or the local municipality of your employee.
- Monday, Jan 01, 2024 - New Year's Day (Πρωτοχρονιά)
- Saturday, Jan 06, 2024 - Epiphany (Θεοφάνεια)
- Tuesday, Mar 19, 2024 - Clean Monday (Καθαρά Δευτέρα)
- Monday, Mar 25, 2024 - Annunciation, Anniversary of 1821 Revolution (Ευαγγελισμός, Εθνική Εορτή)
- Monday, Apr 01, 2024 - Cyprus National Day (Κύπρος Εθνική Εορτή)
- Wednesday, May 01, 2024 - Labour Day (Εργατική Πρωτομαγιά)
- Friday, May 03, 2024 - Good Friday (Μεγάλη Παρασκευή)
- Sunday, May 05, 2024 - Easter Sunday (Πάσχα)
- Monday, May 06, 2024 - Easter Monday (Δευτέρα του Πάσχα)
- Sunday, Jun 23, 2024 - Pentecost (Πεντηκοστή)
- Thursday, Aug 15, 2024 - Assumption (Κοίμηση της Θεοτόκου)
- Tuesday, Oct 01, 2024 - Cyprus Independence Day (Ημέρα της Ανεξαρτησίας Κύπρος)
- Monday, Oct 28, 2024 - National Holiday (Επέτειος του Όχι)
- Wednesday, Dec 25, 2024 - Christmas Day (Χριστούγεννα)
- Thursday, Dec 26, 2024 - Boxing Day (Δεύτερη μέρα των Χριστουγέννων)
No legal obligation to paid sick leave for the employer. Employees can be entitled to a statutory sick leave from Social Insurance.
Maternity: 26 consecutive weeks, 11 are compulsory, 2 before and 9 after birth.
Paternity: 2 consecutive days.
Parental: Mother and father with 6 months continuous service entitled to up to 18 weeks unpaid parental leave for childbirth or adoption.
Minimum of 20 days paid leave for a 5 days/week and 24 days for a 6 days/week of full time employment.
Severance pay for unlawful termination and/or for continuous employment.
After the probation period, the termination needs to have a cause to be lawful.
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Grow your global team.
Employ the best talent, anywhere in the world
The benefits of growing a global team and finding the best talent anywhere in the world are endless. It’s important to note that labour laws and regulations in Cyprus are strict with penalties for non-compliance. Let our team take care of the global employment solutions such as payroll, benefits, compliance, taxes, and admin so you can focus on growing your business. We are here to help you every step of the way.
Want to onboard an international employee today? Get started.
Omnipresent makes it easy to hire, pay, and support your international team with our top-notch services including our global EOR & PEO services. Book a call with us to start building your global team today. Book a call with us to start building your global team today.
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