Compliantly hire your distributed team members in
Cyprus
To hire new employees in
Cyprus
, your business must have a local legal entity or an Employer of Record like Borderless in place already. Then there’s the management of local employment compliance, taxes, benefits, payroll, and more. Hiring contractors poses similar challenges.
Borderless handles all of that for you, so you can focus on getting to work with your new team member in
Cyprus
while staying fully compliant with local laws and compliance.
Greek, Turkish
Euro (€, EUR)
Monthly
14 days
23.40%
$$$ (40 of 140, 2023)
4 weeks after 48 weeks of employment
Up to 156 days
18 weeks
In many countries like
Cyprus
, the treatment of employees and contractors is different. If you misclassify a new team member, you could be subjected to penalties and fines. Let Borderless get this right for you, so you don’t have to worry.
The minimum wage in Cyprus for most workers is €940 per month with €885 for the first six months of employment.
Unskilled asylum seekers working in the agricultural sector are entitled to a minimum wage of €455 and skilled agricultural workers receive a minimum of €769 per month.
The standard workweek in Cyprus is 40 hours a week. Overtime is paid at 150% hourly rate on weekdays, and 200% on weekends or public holidays.
There is no additional pay detail for Cyprus.
For all Borderless customers, payments will be made in equal monthly instalments on or before the last working day of each calendar month.
Termination may be established with just cause, such as poor performance, fraud, or negligence.
Notice periods in Cyprus vary by the length of service:
Probation periods may last from six months to two years, varies by employment agreement.
Like the notice period, severance varies by the length of tenure:
When the world is your competition, it pays to incentivize new hires and existing alike. Borderless benefits packages typically include:
Book your demo of Borderless to help you hire, pay, and take care of new employees and contractors in 170+ countries.
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