Cyprus EOR Services
Hiring in Cyprus has never been more effortless with Native Teams by your side. Our comprehensive Employer of Record solutions cover all aspects of global payroll, tax frameworks, and local labour law compliance, leaving you free to focus on your business’s success.
Why use an employer of record services in Cyprus?
Hiring employees in Cyprus involves setting up a legal establishment in the country, which can be a lengthy and intricate process. Finding suitable office space, registering an office address, and dealing with local banking procedures can be daunting and require significant time and effort.
With Native Teams Employer of Record Cyprus solutions, you can quickly and efficiently hire local employees without needing a legal entity. We will take care of your payroll, taxes, and other administrative tasks, saving you time and resources while ensuring law compliance.
How do EOR services in Cyprus work?
By utilising our platform to hire employees from Cyprus, the employment becomes a shared responsibility between you as a business owner and Native Teams as a legal employer.
This arrangement allows us to take care of your payroll, taxes, and administrative duties while adhering to local employment regulations. You maintain complete control over your business’s daily operations, and your only obligation is to cover the fees to the leasing company.
Requirements for employment in Cyprus
The following are the most important legal and tax requirements companies need to comply with when hiring local employees in Cyprus:
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 be able to proceed with financial and tax transactions.
Employment contracts in Cyprus can be for indefinite or pre-determined duration and 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 pays, and policies for termination of employment.
It’s important to note that employment laws in Cyprus are subject to change. Therefore, employers must stay up to date with the latest legislation and law requirements to promote transparency and stay compliant.
Features of Cyprus employer of record with Native Teams
Why choose Native Teams as your Cyprus employer of record?
Native Teams is renowned for providing exceptional EOR solutions, catering to businesses aiming for a seamless global expansion. With established legal entities across 55+ countries, we ensure a hassle-free process for hiring and onboarding employees internationally.
Our dedicated teams of legal and tax professionals are readily available to assist you in various areas, from managing global payroll, taxation, and HR administration to ensuring strict compliance with local employment laws.Book a call