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Πρακτικοί Οδηγοί · Doing Business & Compliance

What must I do to hire employees in Cyprus?

Before recruiting, an employer must register in the Register of Employers of the Social Insurance Services using form YKA 01-001 at the local Social Insurance District Office, and must notify each recruitment no later than one day before it starts, electronically through the ERGANI system. As of 1 January 2024 the national minimum wage is €1000 gross for full-time employees and €900 gross for employees with less than 6 months of service. Employees must receive written terms of employment, the probation period is the first six months (extendable to two years by agreement), redundancy benefits apply after 104 consecutive weeks and unfair dismissal protection after 26 consecutive weeks. To hire an EU citizen you use form MEU1A with a €20 fee per person and €20 for every family member who is also an EU citizen, while non-EU key personnel in companies of foreign interests need a minimum gross salary of €2,500 per month and a contract of not less than two years and up to 3 years. For current figures, the official businessincyprus.gov.cy page is authoritative.

Επίσημη πηγή: businessincyprus.gov.cy

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