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Employer of record in Cyprus

24 sourced figures on hiring in Cyprus, drawn from 11 sources and normalized for comparison: statutory rules, employer cost and exactly what an EOR covers locally. Every figure is dated.

ISO CYRegion EuropeCurrency EURVerified 2026-08-14

Hiring here: straightforward, inexpensive to employ, and fast to hire via EOR.

cost of employment
LOW
11.2% employer social security, 15% corporate tax
ease of exit
EASY
None severance, 5.7 weeks notice
speed to hire
DAYS
39 EOR providers, from $179/mo
Employer burden rank
statutory employer burden: cost, severance, notice
#114 of 192
Each band is derived from the 24 sourced fields below and recomputed on every refresh. See the methodology.
Statutory snapshot

Employer of record in Cyprus: the statutory snapshot

The headline employer costs, pay floor and worker protections for hiring in Cyprus through an employer of record, each figure sourced and dated. 39 EOR providers cover Cyprus.

Minimum wageEUR 1,088/moEurostat, 2026-07-01
Employer social security11.2%ISSA Country Profiles, 2024-01-01
Corporate tax15%PwC Worldwide Tax Summaries, 2026-05-18
Notice period5.7 weeksWorld Bank Employing Workers / B-READY, 2019-05-01
SeveranceNoneWorld Bank Employing Workers / B-READY, 2019-05-01
Annual leave20 daysNational government, 2026-01-01
Public holidays15 daysNational government, 2026-01-01
Maternity leave22 weeksOECD Family Database, 2024-01-01

As of 2026-08-14. Each value is the winning figure from primary and harmonized sources, resolved by a documented priority chain. Full record with provenance below.

Reading the data

What the figures say about Cyprus

Employers in Cyprus pay social security contributions at 11.2% on top of an employee's gross wage, while employees contribute a further 10.95%, creating a combined social security burden of just over 22% before any income tax is considered. The statutory minimum wage stands at EUR 1,088 per month, against an average monthly wage of EUR 2,698, so most hires will sit well above the floor. Corporate tax is set at 15% and the top personal income tax rate reaches 35%, with a standard VAT rate of 19%. When a worker leaves, there is no statutory severance payment, though employers must observe a notice period of 5.7 weeks. Leave entitlements add meaningful cost to headcount: maternity leave runs 22 weeks, paternity leave 10 weeks, and parental leave a further 8 weeks, alongside 15 public holidays per year. The labour force numbers 770,268 people, the unemployment rate sits at 4.92%, and collective bargaining covers 43.3% of workers, a figure worth noting when setting terms above the statutory floor.

Written from the 22 sourced figures on this page and regenerated whenever the data changes. Last generated 2026-08-03. How our data works is on the methodology page.

Where to start

Three ways to hire in Cyprus

Own entity

You are the employer. Lowest per head cost at scale, months to establish.

Best for large, permanent headcount.
EORfastest

You direct the work, the provider's local entity is the employer on paper. Compliant in days.

See the 39 providers below
Best for 1 to 50 hires, for speed, or to test a market.
Contractor

Not your employee. Fastest and cheapest, with misclassification exposure.

Best for genuinely independent, short term work.
Compare entity setup cost against EOR fees for Cyprus

The full record

Every figure behind the snapshot

Not a guide, a record: 24 figures for Cyprus from 11 sources, last refreshed 2026-08-14. Each value carries its source and the date it was pulled. Hover any provenance tag for the full chain.

employment & pay4 fields
Minimum wage
EUR 1,088/mo
Eurostat · 2026-07
Average monthly wage
EUR 2,909/mo
ILOSTAT · 2025-01
13th salary
Customary
ILO EPLex · 2026-01
Actual weekly hours
38 hrs/wk
ILOSTAT · 2025-01
cost & taxes5 fields
Employer social security
11.2%
ISSA Country Profiles · 2024-01
Employee social security
10.95%
ISSA Country Profiles · 2024-01
Corporate tax
15%
PwC Worldwide Tax Summaries · 2026-05
Top income tax rate
35%
PwC Worldwide Tax Summaries · 2026-05
VAT / GST
19%
PwC Worldwide Tax Summaries · 2026-05
termination2 fields
Severance
None
World Bank Employing Workers / B-READY · 2019-05
Notice period
5.7 weeks
World Bank Employing Workers / B-READY · 2019-05
leave5 fields
Maternity leave
22 weeks
OECD Family Database · 2024-01
Paternity leavePaid leave available to fathers, incl. father-eligible parental leave
10 weeks
World Bank Women, Business and the Law · 2026-02
Parental leave
8 weeks
OECD Family Database · 2024-01
Annual leave
20 days
National government · 2026-01
Public holidays
15 days
National government · 2026-01
labour market8 fields
Unemployment
4.92%
World Bank Open Data · 2025-01
Inflation
0.13%
World Bank Open Data · 2025-01
GDP per capita
$41,783
World Bank Open Data · 2025-01
GNI per capita
$36,110
World Bank Open Data · 2025-01
Labour force
770,268 people
World Bank Open Data · 2025-01
Collective bargaining coverage
43.3%
ILOSTAT · 2016-01
Union density
43.29%
ILOSTAT · 2016-01
Retirement age
65 yrs
OECD Pensions at a Glance · 2024-01
Salary by occupation

Average monthly earnings in Cyprus by occupation (2025)

Gross monthly earnings of employees per ISCO-08 major occupation group, in EUR — the official ILOSTAT survey figures, not estimates. Use them to sanity-check an offer before an EOR quote turns it into total employer cost.

Occupation groupMonthly (EUR)≈ USD
All occupations2,909$3,287
Managers · ISCO 16,837$7,726
Professionals · ISCO 23,992$4,511
Technicians and associate professionals · ISCO 33,278$3,704
Clerical support workers · ISCO 42,074$2,344
Service and sales workers · ISCO 52,165$2,447
Skilled agricultural, forestry and fishery workers · ISCO 62,913$3,291
Craft and related trades workers · ISCO 72,330$2,633
Plant and machine operators and assemblers · ISCO 82,533$2,862
Elementary occupations · ISCO 91,318$1,489

Source: ILOSTAT (EAR_EMTA, employees, both sexes), reference year 2025. Survey earnings differ from statutory minimums above.

The differentiator

What an EOR handles in Cyprus

An EOR removes the entity and the payroll machinery. It does not remove your obligations as the people manager.

obligationeor coverswhat that means for you
Legal employer of record● fullThe EOR's local entity is the employer on paper. No entity setup required.
Payroll, tax & social security● fullGross-to-net, statutory withholding and employer contributions remitted locally. Employer social security here is 11.2% and a 13th salary is customary but not required.
Compliant local contract● fullDrafted to local labour law and language requirements. Here statutory notice is 5.7 weeks and the wage floor is EUR 1,088/mo.
Statutory leave & public holidays● fullAccrual, tracking and payment run through the local payroll the EOR operates. 20 days annual leave, 15 public holidays and 22 weeks maternity leave.
Statutory severance on exit● partialThe EOR computes and processes it, but the cost is billed to you (often pre-funded). There is no statutory severance here.
Termination decision & risk● partialThe EOR runs the legal process; the business reason, timing and exposure stay yours.
Work permits / visas (foreigners)● partialSome providers sponsor, many don't. Confirm per provider in the table below.
Performance management● noneDay-to-day direction, reviews and PIPs are entirely on your side.
Equity / ESOP administration● noneCross-border equity handling sits outside standard EOR scope.

Provider × country

Who can employ in Cyprus

38 providers operate an EOR in Cyprus, ranked by Select Score.

providerfrom / moselect score
Multiplier logoMultiplierSELECT PICKfrom $45981
RemoFirst logoRemoFirstfrom $19979
Payoneer Workforce Management logoPayoneer Workforce Managementfrom $19978
Remote logoRemotefrom $69977
Pebl (formerly Velocity Global) logoPebl (formerly Velocity Global)Quote75
Remote People logoRemote Peoplefrom $19975
Globalization Partners logoGlobalization PartnersQuote74
Rivermate logoRivermatefrom $31974
Show all 38 providers ↓
Deel logoDeelfrom $59974
Borderless AI logoBorderless AIfrom $57971
Playroll logoPlayrollfrom $39971
Papaya Global logoPapaya Globalfrom $49969
Native Teams logoNative Teamsfrom $9969
Oyster logoOysterfrom $69968
Rippling logoRipplingQuote68
Thera logoTheraQuote67
Lano logoLanofrom $49965
Asanify logoAsanifyQuote65
Teamed logoTeamedfrom $59963
Atlas HXM logoAtlas HXMfrom $59961
Foxhire logoFoxhireQuote61
GoGlobal logoGoGlobalQuote60
Dhi ADT logoDhi ADTfrom $44960
Aspirock logoAspirockQuote59
WTS Energy logoWTS EnergyQuote59
Mercans logoMercansQuote59
Acvian logoAcvianfrom $49959
Justworks logoJustworksQuote58
Nathan HR logoNathan HRQuote57
EuroDev logoEuroDevQuote57
38 providers operate an EOR in Cyprus, ranked by Select Score. Price is each provider’s lowest published EOR rate (global, not country-specific).
See the ranked best EOR in Cyprus
Scored by the EOR Select rating systemSee the methodology →Built and maintained by Robbin SchuchmannUpdated 2026-08-14

Comparing EOR options for Cyprus?

Run a side-by-side on the providers that actually operate there.

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