THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
Employer of Record in Cyprus.
G-P provides employer of record services for customers that want to hire employees and run payroll without first establishing a branch office or subsidiary in Cyprus. Your candidate is hired via G-P’ Cyprus PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.
14Holidays per year
38-40hours per weekWorking hours per day or month
Payroll in Cyprus.
Cyprus is an island that sits off the coast of Türkiye in the Mediterranean Sea. A little over 1 million people live there and speak Greek, Turkish, and English. Tourism is a major boon to the economy, as well as agriculture, mining, winemaking, fishing, food processing, and more.
Hiring in 
Cyprus.
The Cyprus hiring process is not a task to take lightly. The companies that will excel in foreign countries are the ones that hire the right employees. When you hire Cyprus employees who are talented, motivated, and committed to your company, you’ll have more time to focus on growing your company around the world. But do you have the time or knowledge to handle the recruiting, hiring, and onboarding processes?
Compensation & Benefits in Cyprus.
Compensation & Benefits in Cyprus.
Growing your company to a new country involves planning in several areas, including benefits. When it’s time for employee benefits planning in Cyprus, you’ll need to acknowledge labor laws, learn labor market standards, and prepare your budget.
Minimum wage per month
EUR940 per monthAnnual vacation leave (min)
Cyprus Subsidiary.
A Cyprus subsidiary is the heart of your expansion to the country. You need a legal entity to work in Cyprus and handle everything from hiring and forming business relationships to giving out compensation and benefits, but most companies will need anywhere from a few weeks to a year to complete the Cyprus subsidiary setup process.
Cyprus Visas & Permits.
If your company is exploring opportunities for international growth, you might consider Cyprus for a variety of reasons. This Mediterranean island nation has one of the fastest growing economies in the European Union. However, any employees who plan to move to Cyprus to make this transition with your company will need to obtain the necessary visas and work permits beforehand.