Employer of Record (EOR) Services in Cyprus

Using our EOR services in Cyprus allows you to access the opportunities of the Cypriot market within days while we take care of the paperwork for hiring your workforce compliantly.

Employer of Record (EOR)

With the increasing growth of the manufacturing sector and the ambition to form the bridge between the East and West due to its geographic location, Cyprus’ economy has bright and promising prospects.

Bell Tower, Early Christian Basilica of Chrysopolitissa, Paphos, Cyprus
Bell Tower, Early Christian Basilica of Chrysopolitissa, Paphos, Cyprus

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Hassle-Free Expansion

With a highly educated labour force and a culture noted for its dynamic entrepreneurs and international focus, Cyprus is a popular destination for international businesses. The country offers many benefits but establishing an entity can be complex. With our EOR service, you do not need to set up your own entity and you can expand into Cyprus hassle-free and compliantly within days.

The economy of Cyprus is based on the successful tourism and maritime transportation sector. Cyprus has one of the largest shipping fleets in the European Union and is broadly favoured for its financial and real estate sector. Cyprus is ranked as a high-income and advanced economy with a dynamic structure.

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Why Choose an EOR?

Our EOR services in Cyprus offer our global entity network to companies considering expansion. We become your international employees’ Employer of Record, meaning that we take full responsibility for your employees’:

  • Labour contracts
  • Compliance with Cypriot laws
  • Tax contributions (if applicable)
  • Payroll

As an Employer Of Record, we conclude an agreement with you and the employee who will be working for your company. We become the legal employer of your new workforce. Your company maintains control over your employees’ working relationships, work ethics, tasks, and daily responsibilities.

The greatest benefit of using an EOR is probably that there is no necessity for you to set up an entity in Cyprus. This process can take months and during this period, it is unlikely that you have legal resources to pay your employees in Cyprus resulting in a considerable delay in your Global Expansion plans.

Global expansion is an exciting step that often leads to a growing and successful business, but the red tape in a new country can be demotivating and frustrating. Imagine a way to globally expand your business without red tape and at low costs: that is what working with an EOR can do for you.

By letting us take care of the hard part, you can focus on the great part: expanding your business into Cyprus. These are the aspects we can take away from you:

  • Registering with the tax and social security office.
  • Immerse yourself in the local laws, customs, and regulations.
  • Get familiar with local labour benefits and other contract-related customs.
  • Approach potential employees and make them an offer.
  • Setting up the Payroll system compliantly.
  • Submitting wage tax returns and national insurance forms.
  • Staying up-to-date and compliant with changes in local regulations.
  • Worrying about whether or not you are working compliantly with all laws, restrictions, and regulations.

Benefits of Using EOR Services in Cyprus

For Employers

As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort, but it does not have to. We have extensive experience with Cypriot payroll, taxes, and other local laws and regulations at Bradford Jacobs.

We can help you with the following:

  • A tailored solution that fits your company’s needs and plans.

  • Local experts inform you about all you want to know about the Cypriot market.

  • Providing EOR best practices on tax, treaties, expenses, and social security.
  • Fast-paces and efficient hiring.
  • Easy withdrawal from the market without worrying about labour contracts.

  • A hassle-free start of your Cypriot journey within days.

Benefits of PEO services for employers

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Benefits of PEO services for employees

Keeping Your
Employees Happy

For Employees

Employees are the central core of your business. They keep the engine running; therefore, creating a stable agreement that satisfies both employer and employee is essential. As a legal employer, the EOR is responsible for keeping employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract.

We will make sure they enjoy the following:

  • Rapid and transparent onboarding.

  • An employment contract compliant with Cypriot regulations.

  • A monthly agreed salary paid on time.
  • Excellent benefits such as pensions and insurance.
  • A regular point of contact.

  • Up-to-date information and consultation about changes in Cypriot regulations.

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