Global Expansion Resources | Cyprus
Cyprus Employment Contracts
Expand into Cyprus with our specialist global PEO services
Cyprus not only provides access to vast and integrated EU markets, but it also offers a low corporate tax rate of just 12.5% – boosting investment opportunities, raising shareholders’ returns, and increasing workers’ earnings. All of which makes your business an attractive prospect for foreign investors, potential stakeholders, and local talent.
When your company makes the choice to expand globally, compliance is key. One major aspect of global compliance is the issuing of lawful employment contracts for your international recruits. This is where partnering with a professional Professional Employer Organisation (PEO) provider, such as Leap29, is the difference between success on the global stage and costly fines or legal consequences for non-compliance.
In Cyprus specifically, employment contracts are often governed by a Collective Bargaining Agreement (CBA), as well as Cypriot labour law, which is enforced by the Ministry of Labour and Social Insurance. Ensure you remain compliant by partnering with a specialist PEO provider like Leap29.
Want to expand into Cyprus?
Contact us today to see how Leap29 can be the trusted partner that supports your global expansion.
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What’s included:
HR software
Bespoke employee management software included in our PEO service.
Global compliance
We have expert teams across the world to ensure global compliance.
Transparent pricing
Avoid hidden costs and account for our fee with our transparent pricing.
Cyprus Expansion Advice
What does a Cyprus employment contract include?
In Cyprus, employers are required to provide employees with a written employment contract that outlines the terms and conditions of their employment. At a minimum, this must include:
- The date the agreement for employment was made
- The names and contact information of both the employer and the employee
- The job title and duties of the employee
- The agreed-upon period of service
- The specified number of working hours and days for the role
- The agreed-upon salary and any additional benefits or bonuses
- Termination provisions, including notice periods for both the employer and employee
- The amount of annual leave entitlement and public holidays available to the employee
- Mutual agreements regarding non-disclosure and confidentiality
What types of employment contracts are there in Cyprus?
In Cyprus, employment contracts can be indefinite or fixed-term/temporary:
- Indefinite Contracts – This is the most common type of employment contract in Cyprus, by which employment is provided for an unspecified period. The employee may resign observing the stated notice period, and either party can terminate the employment at any time for a justifiable reason.
Fixed-Term/Temporary Contracts – These contracts are rarely used in Cyprus. Under this agreement, there is a predetermined date of termination on which the employment automatically ends.
Can I change an employment contract?
Yes, Cyprus employment contracts can be changed, but this requires a mutual agreement between the employer and employee, as well as a written amendment. This amendment must be signed and stamped by both parties.
How do I write a Cyprus employment contract?
Identifying the terms and conditions you need and/or want to include within your Cyprus employment contract is only half of the battle, as writing these conditions up compliantly is no easy task.
A Cyprus employment contract and the employment itself must comply with Cypriot employment laws regarding the following:
- Minimum wage requirements
- Working hours and overtime
- Health and safety
- Breaks (including whether they are paid or unpaid)
- Annual leave
- Sick leave
- Maternity, paternity and parental leave
- Carer leave
- Bereavement leave
- Probation
- Termination notice (including the dismissal process)
- Severance pay
- Force Majeure (up to 7 days per year are available as unpaid leave to deal with emergency situations)
- Medical insurance and other benefits
Why use a PEO partner to manage your Cyprus employment contracts?
Working with a specialist PEO provider ensures your business avoids the many risks of non-compliance – including disputes, fines and lawsuits – during your international expansion.
With our global PEO solutions by your company’s side, you won’t need to worry about setting up a legal entity, managing payroll, fulfilling HR duties, issuing lawful employment contracts, observing tax obligations, or complying with work permit and visa requirements.
At Leap29, our dedicated team of expansion professionals has over 25 years of experience providing bespoke PEO solutions across 180+ countries. This experience spans several sectors, including but not limited to:
If you want to find out more about how our Cyprus PEO Services can foster your international growth, call our experts on +44 (0) 20 8129 6860 or email expansion@leap29.com to get started.
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Talk to an expert today
Whatever stage you’re at in your global expansion journey, we can help.
Contact us today to see how Leap29 can be the trusted partner that supports your global expansion.
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Cyprus
Expansion Resources
Local expertise, global reach
Employ people compliantly in 180+ countries – with or without your own foreign entities. We can help you set up and manage foreign entities – or act as an Employer of Record. We can also help with multi-country payroll and all your HR management. Wherever, whenever and however you want to employ people, we can help.
180+
We make expansion in Cyprus simple
Employing people compliantly across international borders can be challenging but we make it simple, bringing down barriers and making light work of the complexities. We offer the full range of compliant global expansion solutions so that wherever, whenever and however you want to employ people, we can support you.
EOR Services
Employ people compliantly in 180+ countries – without setting up new entities. We’ll shoulder responsibility as Employer of Record (EOR), making sure all your international employment is fully compliant.
We can also take care of your global HR from multi-country payroll to onboarding and offboarding.
Payroll Solutions
Getting global payroll right is one of the hardest challenges for any business expanding into new countries. We can shoulder this burden, freeing up valuable in-house resource to focus on growing your business.
Consider us an extension of your HR team, ready to answer all your questions large and small.
Global Mobility
Mobilise your people across borders with ease. Relocating to work abroad can feel daunting. But with Leap29 at your side, your employees can feel safe and supported.
We’ll guide your employees through the complexities of working in another country, helping them settle in fast.
Entity Services
Follow the opportunities to grow your business – wherever they take you.
We lighten the load of establishing and managing foreign entities and can help you solve all your entity challenges from running compliant, accurate multi-country payroll to local accounting and financial reporting.
PEO Solutions
Employ international talent wherever and whenever you need it – and enjoy the peace of mind of knowing you’re fully compliant. Our Professional Employer Organisation (PEO) services allow you to focus on growing your business while we handle compliance, multi-country payroll and your global HR.
Support & Advisory
The help you need to make your global growth effortless – trusted guidance and advice on your expansion challenges large and small.
HR Support
When you’re employing people in lots of different countries, answering just a simple query can take a disproportionate amount of time for your in-house HR team. Our HR Support service reduces this burden, saving you time and money and giving you the confidence of knowing your employees are well looked after, whatever their location.
Contractor Payroll
Enjoy compliant contractor payroll that meets all local requirements for tax, social security and employment legislation. We understand the importance of compliant contractor payroll to the success of your business and will pay your contractors on time, every time.
Start hiring today – and onboard within hours.
Pricing
Budget confidently with transparent, competitive fees and no hidden costs.
Want us to shoulder employer liability and take care of your global HR through our EOR solution? No problem. Just want global payroll? You can have that too. Pick the solutions that your individual business needs.