NEWSROOM

Increase in Earnings Cap for Employment Contribution Purposes
23/12/2020

The earnings cap for Social Insurance purposes for 2021 will increase to €57,408 per annum (2020: €54,864 per annum). It is reminded...

Setting Up in Cyprus: Hiring/Relocating Personnel
08/10/2020

We are examining aspects related to human resources, whether these relate to hiring employees from the local market and/or relocating existing personnel from abroad.

Deadline for Payment of Social Insurance Contributions for March 2020 Extended
05/05/2020

The Cyprus Ministry of Labour announced on 2 May 2020 that the deadline for the payment of Social Insurance and related contributions for March...

Measures in Response to the Coronavirus Outbreak voted by Cyprus Parliament
31/03/2020

Many business and employment related measures have been voted in to law by the Cyprus Parliament...

Measures to Support the Economy of Cyprus in Response to the Coronavirus Outbreak - Update
19/03/2020

It has been clarified by the Ministry of Finance  that the months for which the contributions to the General Healthcare System will be reduced...

Increase in General Healthcare System Contributions
27/02/2020

As from 1 March 2020, the respective contributions will increase to 2.90% for employers, 2.65% for employees, 4% for self-employed persons and 4.70% for the state... 

Employment and General Healthcare System Contributions for 2020
17/01/2020

Social Insurance contributions for 2020 will remain the same as in 2019 whereas contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.

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