Capital
Nicosia
Currency
Euro
EUR
Official languages
Greek / English
Population
GDP (total)
GDP per capita
Employer tax rate
Payroll frequency
Monthly
Major economic hubs
Nicosia / Limassol / Larnaca
Talent overview
Local talent landscape
Skills in demand
Top job boards
Crypto adoption
Why Rise EOR
You manage the work. Rise manages the compliance.
Rise becomes the legal employer for your Cyprus-based team members, handling payroll, compliance, benefits, and statutory obligations while you direct their day-to-day work.
Fast compliant hiring
Onboard employees anywhere in Cyprus through our local legal entity.
Fully managed tax and compliance
We handle income tax, SIC, GESY, payslips, and all Cypriot labour law compliance.
Competitive Cypriot benefits
Private health insurance, pension options, paid annual leave, sick leave, and crypto-friendly benefits.
Hybrid payroll flexibility
Pay in EUR, stablecoins, or crypto. Rise ensures full compliance with Cypriot tax authorities.
No Cypriot entity required
Hire instantly without registering a company in Cyprus.
How it works
From hire to payroll in five steps
01
Submit your hire
Provide the employee details: compensation, role, start date, and work location in Cyprus.
02
Rise generates a Cypriot-compliant contract
We prepare compliant contracts, collect statutory onboarding documents, and perform right-to-work checks.
03
Employee signs electronically
All documents are completed digitally. Rise handles statutory data collection and compliance setup.
04
Payroll and benefits activated
We run monthly payroll, remit income tax, calculate SIC and GESY contributions, issue payslips, and manage statutory benefits.
05
Ongoing HR and compliance
Salary adjustments, promotions, leave entitlements, and offboarding are all managed through Rise.
Payroll and compliance
What the law requires
Minimum wage
Payroll cycle
Monthly
Annual leave
Sick leave
Maternity leave
Paternity leave
13th-month pay
Vacation premium
Profit sharing
Probation period
Notice period
Severance
Tax breakdown
Taxes and contributions
Employer obligations include Social Insurance Contributions (SIC) and GESY healthcare contributions. Both are calculated as a percentage of gross salary.
Employer social
Employee social
Social security system
SIC and GESY
Income tax system
Income Tax
VAT / Sales tax
19%
Rise services available
Agent of Record
live
Employer of Record
coming_soon
Contractor Pay
live
Rise ID
live
Direct Payroll
coming_soon
Rise Earn
live
What Rise manages on your behalf
Tax system
Income tax withholding and filings
Social security
SIC (Social Insurance Contributions)
Housing fund
Healthcare
GESY healthcare contributions
Retirement
Additional
Employment contracts / payslips / statutory leave / GDPR compliance / terminations per Cypriot labour law
Hybrid payroll
Pay in
EUR
, stablecoins, or crypto.
Rise keeps all tax calculations and filings denominated in EUR for full compliance.
Local legal entity
Entity name
Registered address
Share capital
Administrator
Visa and immigration
Schedule a Demo
Discover the most flexible and fastest way to pay your global team in cash or crypto, compliantly.
Get a full-feature product demo
Discuss your global payroll needs
See our flexible pricing options