What do you need to know to hire in Cyprus?

Teamed's Cyprus price is a starting rate, with zero FX in any currency pairing. No setup fees. No exit fees. Salaries, employer social contributions, and benefits are passed through at cost on every invoice, each line shown against a public mid-market reference.

Cyprus employers pay statutory social contributions on top of gross salary. The exact rates are set by Cyprus law and can shift year to year. Our team confirms the current figures for your role and salary band before you hire, so your finance team can forecast the full cost.

The full breakdown, with worked examples at current rates, is in the cost guide.

Opening your own Cyprus company means incorporation, tax and social insurance registration, and ongoing local filings. That takes weeks and carries fixed running costs. An Employer of Record is faster and cheaper at low headcount. Teamed runs Cyprus payroll, contracts, and compliance from day one through a vetted partner entity.

The crossover point depends on your Cyprus salary levels and local accounting costs. Most providers will not tell you when you have crossed it. We do, and we help you move. You progress from contractor to EOR to your own Cyprus entity on one platform under Teamed's Graduation Model, with tenure preserved.

Cyprus employment law covers contracts, working time, leave, pay, and termination. As an EU member, Cyprus also applies EU employment rules. The detail can shift year to year, and some entitlements vary by sector and tenure.

We track the updates so you do not have to. Our team confirms the current statutory figures for your role before you sign, and keeps your Cyprus contracts in line as the rules move. The hiring guide sets out each current obligation once the figures are confirmed for your role.

Cyprus employees get paid annual leave, public holidays, sick leave, and family leave under Cyprus law. The statutory minimums apply from the rules in force, and some entitlements vary by sector and length of service. We do not quote a fixed number here because the right figure depends on the role.

Our team confirms the current leave, sick pay, and family-leave entitlements for your specific hire before you sign. The benefits guide sets out each entitlement in full once the figures are confirmed for your role.

Payroll in Cyprus runs monthly and is paid in euros. Income tax is withheld from pay, and both employer and employee make social insurance contributions. The rates and thresholds are set by Cyprus law and can change year to year.

We do not quote a fixed rate on this page because the right figure depends on your salary band and the current year's rules. Teamed handles every employee deduction and remittance, and our team confirms the live rates for your role before you hire. The tax and payroll guide sets out the detail.

Ending employment in Cyprus follows local law on notice and severance. Notice periods and any redundancy payment are set by statute and usually scale with length of service. You also need a fair reason and the right process.

We do not quote a fixed notice or severance figure here because the right number depends on the employee's tenure and the reason for ending the job. Our team confirms the current figures and the correct process for your case before anything is actioned. The termination guide runs the full process.

You can start without a Cyprus entity. An Employer of Record is the legal employer for you, so your first hire can start in weeks, not months. Teamed runs the contract, payroll, and local compliance through a vetted partner entity in Cyprus.

Cyprus is euro-based and English-friendly. Payroll is paid in euros and business runs in English alongside Greek. That keeps contracts, onboarding, and day-to-day management simple for a US or UK team. The statutory figures behind the role are confirmed by our team before you sign, so there are no surprises later.