Cyprus

• New Year’s Day
• Epiphany
• Green Monday
• Greek Independence Day
• Greek Cypriot National Day
• Good Friday
• Easter Monday
• Labour Day
• Whit Monday
• Assumption
• Independence Day
• Greek National Day (Ochi Day)
• Christmas Day
• Boxing Day

Working Hours

Employees can work up to 48 hours a week, including overtime.

Minimum Wage

EUR 940 per month for specific roles.

Employee Tax

Annual income	Tax rate
Up to EUR 19,500	0%
EUR 19,500 - 28,000	20%
EUR 28,000 - 36,300	25%
EUR 36,300 - 60,000	30%
More than EUR 60,000	35%
Social insurance contribution	8.3%
General health service	2.65%

Bonuses

There are no statutory bonus schemes in Cyprus, but a 13th month salary is customary.

Employment contracts in Cyprus must be written and issued to the employee within one month.

Contracts must include:

• Place of work
• Job title and responsibilities
• Working hours
• Salary and benefits
• Contract length and work start date
• Any collective agreements

Both indefinite and fixed-term contracts are permitted in Cyprus.

Annual Leave

Minimum of 20 days' paid holiday for employees who work five days a week, and 24 working days for employees working a six-day week.

Sick Leave

Up to 156 days' paid sick leave.

Parental Leave

• Maternity leave: at least 18 weeks' paid leave.
• Paternity leave: 15 days' paid leave.

Termination Process

Employers in Cyprus can terminate a contract provided they give notice and/or compensation in line with legal requirements.

Dismissal should be a last resort for the employer. The only grounds for termination without notice or compensation is misconduct.

Employees can also give notice of termination in line with their contract terms.

Severance Pay

Employees are entitled to 2-4 weeks' severance pay, depending on their length of service.

Under a Mauve Group Employer of Record solution, clients and workers can reap the benefits of Mauve’s Global Master Insurance Programme – a market-leading unified corporate insurance programme that connects all Mauve entities to its two preferred providers.

The insurance provides coverage in overseas locations through a combination of the master policy and its linked local policies, where required by law in certain jurisdictions. The policies include:

• Employer’s Liability and Public Liability - £10,000,000 combined limit.
• Professional Indemnity - £5,000,000 limit.
• Worker’s Compensation – Limit is dependent on location of work.

For specific information about statutory and recommended insurances in your chosen country, get in touch with Mauve.