Employer of Record (EOR) in Cyprus
Hire employees in Cyprus without opening a local entity. With Native Teams’ Cyprus EOR services, you can legally employ and pay your team in Cyprus while we handle all the local compliance, HR administration, and payroll tasks behind the scenes.
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. You find the person you want to hire in Cyprus. We hire them through our local legal entity and become their legal employer.
You manage their daily work, projects, and schedule. We take care of everything else, like contracts, payroll, taxes, and benefits. This setup lets you focus on your business while we deal with local rules and paperwork.
Who can use EOR Services in Cyprus?
Native Teams’ EOR solutions are designed to support global business owners who want to expand their work on a global level without worrying about local law compliance.
Our solution is designed for startups and SMEs that want to explore new markets without setting up local entities. International companies that are building remote teams in Cyprus. Contractor outsourcing companies looking to provide legal employment to their workforce, or recruitment firms seeking to offer compliant employment options for clients. If you need to hire one person or build an entire team in Cyprus, we’re here to help.
Features of Native Teams’ EOR Services in Cyprus
Native Teams acts as the legal employer for your team in Cyprus and ensures that all your team members obtain local employment status, allowing them to enjoy full employment benefits and enabling you to continue operations compliantly.
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.
Our EOR solutions include fully localised payroll calculators for over 85+ countries, including Cyprus. With our payroll calculator, you can easily calculate salaries, taxes, benefits, and other mandatory deductions for your employees so you can ensure accuracy and compliance with local regulations.
Offer competitive benefits like healthcare, pension, paid leave, and insurance to your employees in Cyprus. Native Teams helps you stay attractive as an employer and meet local standards, without the overhead of managing it all yourself.
Explore our detailed hiring guide to learn more about the labour laws and regulations in Cyprus.
What legal requirements exist for employment in Cyprus
Before hiring employees from Cyprus, it’s obligatory to have a registered company with the relevant country authorities.
Registered companies in Cyprus must obtain a tax identification number from the country’s tax department to comply with tax and employment laws.
Employers in Cyprus must obtain a local bank account to conduct financial and tax transactions in the country.
Employment contracts in Cyprus can be for indefinite or pre-determined duration, and they must define the key terms and conditions of the employment.
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.
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 85+ 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 you need to know?
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 administrative and compliance duties of the client, including payroll processing, tax withholding, benefits administration, and compliance with local laws.
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 85+ countries worldwide and are recognised for their flexibility, transparency, and customisation in pricing. To know more about the EOR pricing, visit our pricing page.
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.
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.
Yes, using EOR services in Cyprus is completely legal. In fact, one of the most important responsibilities of EOR providers is helping businesses work in compliance with local labour laws and regulations. By using an EOR provider, business owners can provide legal employment for their team members 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. These services help you hire and manage employees compliantly in Cyprus without doing all the above-mentioned processes.
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 employ as many team members as your business requires.