Employer of Record (EOR) in Cyprus
Whether you’re a business owner aiming to expand your team or a freelancer seeking an “employed” status in Cyprus, Native Teams is here to support you. With our comprehensive EOR solutions, you can focus on growing your business or advancing your career while we take care of your administrative and compliance tasks from the background.
How does an EOR in Cyprus work?
Native Teams’ EOR solutions enable you to hire talent in Cyprus without the need to establish a legal entity there. We handle all the complex and time-consuming tasks, such as payroll processing, employment contracts, employee onboarding, and ensuring compliance with local labour laws while you maintain full control over the daily management of your team.
If you’re a freelancer, remote worker, or a digital nomad, our EOR solutions can also help. With Native Teams, you can access traditional employee benefits like health insurance, pension plans, and social contributions, all while retaining your freedom to work for clients globally.
Who can use EOR Services in Cyprus?
Native Teams’ EOR solutions are designed to support freelancers, remote workers, digital nomads, and global business owners who want to expand their work on a global level without worrying about local law compliance.
Businesses
Whether you’re a startup, a small company, or a large enterprise, Native Teams helps you simplify the hiring and onboarding process in Cyprus. Our EOR solutions eliminate the need to establish a legal entity in Cyprus, allowing you to focus on your business while we manage employment contracts, payroll processing, compliance, and other complex employee management tasks.
Individuals
With our EOR solutions, every freelancer, remote worker, or digital nomad can also enjoy the benefits of being legally employed in Cyprus. Through our local legal entities, you can secure a compliant employment contract and enjoy the benefit of employment, including proper handling of taxes, social security contributions, and other statutory requirements. Our professional team will take care of all your administrative and compliance responsibilities so you can focus on delivering exceptional work to your clients.
Features of Native Teams’ EOR Services in Cyprus
Employment status
Whether you’re an individual or a business owner, you can leverage our legal entities in Cyprus to establish or provide local employment status. This allows freelancers to enjoy the same perks as being employed by a local company, while business owners can easily hire, onboard, and pay their team members in Cyprus - without the complexities of setting up a local legal entity.
HR administration and documentation
Our platform streamlines your HR administration in one place by automating processes and providing all the necessary documentation for compliance. With our EOR solutions, you can easily access everything you need in just a few clicks, so you can save time and simplify your operations.
Global payroll
Our EOR solutions include fully localised payroll calculators for over 70 countries, including Cyprus. With our payroll calculator, you can easily calculate salaries, taxes, benefits, and other mandatory deductions for yourself or your employees so you can ensure accuracy and compliance with local regulations.
Benefits
With Native Teams as an EOR, individuals can gain access to healthcare, pension, insurance, and other employment benefits in their home country while maintaining the freedom to work for clients all over the world. Employers can also provide these benefits, making it easier to attract and retain the best international talent.
Explore our detailed hiring guide to learn more about the labour laws and regulations in Cyprus.
What legal requirements exist for employment in Cyprus
Company registration
Before hiring employees from Cyprus, it’s obligatory to have a registered company with the relevant country authorities.
Tax identification number
Registered companies in Cyprus must obtain a tax identification number from the country’s tax department to comply with tax and employment laws.
Local bank accounts
Employers in Cyprus must obtain a local bank account to conduct financial and tax transactions in the country.
Employment contract
Employment contracts in Cyprus can be for indefinite or pre-determined duration, and they must define the key terms and conditions of the employment.
Taxes
Companies in Cyprus are responsible for withholding social security and income taxes from their employees’ salaries and remitting them to the relevant tax authorities of the country.
Employment laws
Employers in Cyprus must abide by the country’s labour laws and regulations regarding minimum wage, working hours, notice periods, severance pay, and policies for termination of employment.
Please note that all these requirements may vary depending on the job type, the employer, and individual circumstances.
Why choose Native Teams as your Cyprus Employer of Record?
With local legal entities in 70+ countries, Native Teams empowers you to expand your global presence in full compliance. Our teams of tax and legal experts are at your service, whether it’s for managing HR admin, global payroll or payments, employment management, taxes, and much more.
What is an Employer of Record?
Employer of Record (EOR) is a service provider that takes over the legal responsibility of employing individuals on behalf of another company. The main responsibility of such providers is taking care of the admin and compliance duties of the client, including payroll processing, tax withholding, benefits administration, and compliance with local laws.
In addition to providing services for businesses, EORs like Native Teams also support individuals such as freelancers, remote workers, and digital nomads. Through Native Teams’ EOR services, these individuals can secure a legally “employed” status for themselves, which allows them to enjoy all the perks of traditional employment in their residential countries.
What are the costs of using an Employer or Record in Cyprus?
The costs for using EOR services in Cyprus depend on the specific EOR provider, the number of employees, and the scope of services provided. Native Teams’ EOR services are available in 70+ countries worldwide and are recognised for their flexibility, transparency, and customisation in pricing.
Starting at just €79 per employee per month, business owners can get a complete solution for hiring, onboarding, and paying their global team members, including the whole management of the employment process in compliance with labour laws in Cyprus.
Besides EOR solutions for businesses, Native Teams also provides support for freelancers with legal employment provisions in Cyprus. Our all-inclusive EOR package can be accessed starting at just €49 per month.
What is the difference between PEO and EOR?
EOR providers assume the role of legal employer for your business and take over the responsibility of hiring employees, managing payroll, administering benefits, and withholding taxes. As such, EOR providers are mostly beneficial for companies that want to hire employees from different countries but don’t have their own legal entities in the country of employment.
PEO providers manage only a part of these operations, including HR tasks like payroll and benefits administration. The client company remains the legal employer of their new hires, while the responsibility for employment management and compliance is shared between the client company and the PEO provider. Therefore, PEO services can be advantageous for businesses with legal entities in the country of employment but need professional assistance for handling employment management and HR operations.
What are the responsibilities of an Employer of Record (EOR)?
The main responsibility of EOR providers is to take over the role of the legal employer for your team members in their home countries. This means that your team members will be legally employed through the legal entity of the EOR provider. The EOR provider will also handle functions like employment contracts, benefits administration, payroll, onboarding and offboarding processes, compliance with local laws, and others.
In simple terms, an EOR provider takes over all the administrative and compliance tasks of employment management and provides additional HR support if needed.
Is using an Employer of Record in Cyprus legal?
Yes, using EOR services in Cyprus is completely legal. In fact, one of the most important responsibilities of EOR providers is helping businesses and solo professionals work in compliance with local labour laws and regulations. By using an EOR provider, business owners can provide legal employment for their team members, while freelancers can regulate their own employment status in Cyprus.
Why should I use EOR instead of opening my own company or an office in Cyprus?
Opening a company in Cyprus can be a very complex process that requires time, legal expertise, and financial resources. The process includes registering your business with the authorities, obtaining a tax identification number, opening a business bank account, and finding a physical office before you are able to employ individuals locally.
EOR providers are a more efficient and cost-effective alternative to establishing a legal entity in the country. The EOR will provide access to their local legal entities in Cyprus, so you can legally employ new team members from the country. This also includes managing crucial employee management tasks, such as payroll processing, tax withholding, and compliance with local labour laws.
How many people can I employ in Cyprus?
There is no limit to the number of individuals you can employ in Cyprus or any other country. Through Native Teams’ EOR solutions, you can secure legal employment status for yourself, or employ as many team members as your business requires.