Build and Manage a team in Cyprus.
With white-glove localized support. Starting at just $249/month.
Get compliant employment contracts, local payroll, and expert-backed onboarding, all in one place with our Workforce Management platform in Cyprus.
- Hire & pay without setting up a local entity
- Handle full-time employees and contractors
- Onboard in 3-5 business days
Schedule a demo
With Skuad now part of Payoneer, global workforce management is easier than ever!
Trusted by global leaders across industries
Our clients include SaaS, logistics, e-commerce companies across sectors that are looking to grow their business globally. Become one of them.
Tap into Cyprus’s skilled talent without breaking the bank
Strategic gateway to key regions
Access diverse markets from one location with EU membership benefits
Multilingual, highly educated professionals
Tap into highly educated professionals with strong English proficiency and international experience
Business-friendly environment
Operate in a supportive regulatory framework with expanding opportunities
Exploring entity setup in Cyprus for hiring? Think again.
It’s costly, time-intensive, and loaded with paperwork.
Why decipher complex labor laws alone?
We handle nuanced Cyprus compliance, such as working hours, annual leave, social insurance, termination rules, and notice requirements
Payroll would mean more than just payouts
We manage payroll deductions, social insurance, overtime pay, and payslips accurately and on time
No need to set up a legal entity
We onboard employees or contractors legally under our platform with minimal delays and risk, and we get a global team off the ground effortlessly and at speed.
3-5 days onboarding with employment contract, payroll, and tax setup ready to go.
Employment contracts
We support permanent and fixed-term employment contracts, as well as full-time and part-time employment contracts, that comply with Employment Laws and other labor regulations in Cyprus, clearly outlining role, salary, social insurance contributions, leave entitlements, probation, and termination terms.
Equipment provisioning
Where requested, we make employee onboarding effortless by managing all equipment provisioning. We also have ties with multiple co-working spaces to boost employee productivity.
The following services are available as add-ons, based on your hiring needs. Please contact us for more information on the availability of these services as per local laws.
We strive to follow every rule to the letter
Social insurance fund
We manage monthly contributions and compliance. Cyprus’s Social Insurance Scheme is mandatory for all employees, with 2025 rates set at 8.8% from the employer and 8.8% from the employee (applied to gross earnings up to the statutory ceiling).
Social cohesion, redundancy & training funds
In addition to social insurance, employers must contribute to: Social Cohesion Fund: 2% of total earnings (no cap); Redundancy Fund: 1.2% of gross earnings, used for severance in redundancy cases; Human Resource Development (Training) Fund: 0.5% of gross earnings, funding national workforce training programs
Other social security contributions
Holiday Fund: the contribution rate varies according to the length of annual leave (if there is no exemption, it is around 8% and is restricted to a maximum level of pay). The contribution is paid entirely by the employer.
National Health Insurance System (NHIS): contributions are split between employers (2.90%) and employees (2.65%).
Bonuses
Bonuses aren’t mandated. They’re discretionary and vary by sector or seniority, more common in industries like tech, media, and engineering, or for roles like directors and senior managers.
Variable Compensation
Much like bonuses, variable compensation, such as commissions, is not mandated; however, they are common in many industries.
Medical Benefits
Some companies offer additional medical benefits, and they can be accommodated along with other benefits under our platform.
We stay ahead, so you never fall behind
Cyprus Employment Law coverage
Stay compliant with Cyprus labor laws, which apply to all types of employment contracts.. The framework is primarily governed by the Termination of Employment Law, the Social Insurance Law, and the Protection of Wages Law, covering minimum wage, working hours, leave entitlements, and social insurance obligations.
Worker classification & penalties
Misclassifying employees as self-employed contractors can result in significant penalties and liability for unpaid social insurance contributions.
The employees get what they’re owed
Annual leaves
Employees working a five-day week are entitled to a minimum of 20 working days of paid annual leave per year (24 days for a six-day week), after completing 48 weeks of continuous employment.
Sick leave
Private-sector employees are eligible for sickness benefits through the Social Insurance Fund after three days of absence, payable for up to 156 days, depending on medical certification. The benefit is a percentage of insurable earnings, and some employers may offer supplementary pay.
Maternity leave
Pregnant employees are entitled to 22 consecutive weeks of maternity leave for the first child, 22 consecutive weeks for the second child, and 26 consecutive weeks for the third (or subsequent) child. If the delivery results in the birth of more than one child (e.g., twins), then the maternity leave is extended by four weeks for each additional child from the same delivery.
The first 11 weeks of maternity leave are compulsory; two weeks must be taken before the expected week of delivery, then the week of delivery, and eight weeks after the week of delivery.
Letting go is hard; doing it wrong is worse. We know how to do this well and compliantly
Notice periods
The minimum notice period is 1 week, and the maximum notice period is 8 weeks. Notice period depends on employee tenure.
Severance & final payouts
In Cyprus, if an employee is terminated under certain circumstances, he might be entitled to severance pay. Severance pay depends on the length of service.
PRICING
Transparent. Trusted. Scalable.
Employer of Record
(EOR)
Hire, pay and manage employees
Starts at
$249
per employee/month
Features
- Local employment agreements
- Personalised onboarding support
- Process payroll in 70+ currencies
- Labor law and tax compliance
- Benefits administration options
- Dedicated account managers
- Help center access
- Unified dashboard + third-party integrations
Agent of Record
(AOR)
Engage, pay and manage contractors
Starts at
$99
per contractor/month
Features
- Support with contracts
- Streamlined contractor onboarding
- Compliant contractor payments in 70+ currencies
- Support mitigating misclassification risks
- Dedicated account managers
- Help center access
- Unified dashboard + third-party integrations
Contractor Management System (CMS)
Handle contractor payments
Starts at
$19
per contractor/month
Features
- Contractor payments in 70+ currencies
- Invoice creation and tracking
- Expense submission and approvals
- Downloadable payment history
- Unified dashboard + integrations
- Mobile app access & localised support
Trusted by businesses worldwide
Jon Santavy
Managing Partner, Simwell
Payoneer Workforce Management has been a game-changer for us, completely transforming the way we manage our global team. Payoneer Workforce Management’s digital onboarding has made our international payments as easy as our domestic ones. Payroll management that used to take hours is now error-free and takes just a few minutes.
Lavinia Davison
Global Head of Talent & Operations, OpenSolar
Payoneer Workforce Management, has been a key partner in our international expansion. Their seamless onboarding process and compliance expertise have allowed us to focus on our core mission which is to accelerate the world’s transition from fossil fuels to solar energy.
Brian Butcher
EVP, Corporate Development, PureRed
Payoneer Workforce Management made our team expansion possible, handling the complex onboarding and payroll processes across six different countries with ease. Their local expertise ensured our compliance, letting us focus on what we do best—serving our clients.
Bret Michaelsen
Human Resources Director, VRP Consulting
Payoneer Workforce Management’s solutions empowered us to scale our workforce globally with ease, ensuring timely payroll, compliance, and a seamless onboarding experience—all on one powerful platform.
Shaik Mohammed Shabaz
Head of Human Resources & Administration, Microsense
Payoneer Workforce Management simplified our contractor engagement from start to finish. Their platform covered onboarding, payments, and compliance, making our expansion into new markets practically frictionless.
Why do companies choose Payoneer Workforce Management to hire in Cyprus?
Transparent, Flat Pricing
Starting at $249 for full-time employees, with 100% transparency in the fee structure. Consistent cost regardless of seniority, role type, or team size
White-Glove Onboarding
Dedicated account manager for both you & the employees. Enjoy localized support across time zones
Additional Local Support
Additional benefits where applicable like device provisioning and co-working access
Deep Integrations
Integrate with 70+ tools across HRIS, accounting, and time-tracking. No process disruption. Just smooth operations
Mobile App
Stay in control wherever you are. The Payoneer Workforce Management app supports both employers and contractors
User-Friendly Interface
With an interface that’s clean and ready to go, Payoneer Workforce Management is designed for busy teams that dislike a steep learning curve
The all-in-one platform for global hiring
160+
Countries covered
70
Currencies for payroll
24×5
Dedicated Support
100%
Transparency in fees
Frequently asked questions (FAQs)
Payoneer Workforce Management employs the team directly on its platform to work directly for the customer’s business. We take care of the employment contracts, payroll, social insurance, statutory benefits, and local labor law obligations.
Our pricing starts at $249/month per employee. Contractor management starts at $19/month.
No. Payoneer Workforce Management acts as the legal employer.
We administer statutory benefits like leave, social insurance, maternity/paternity leave, plus optional provisioning and workspace support.
The EOR concept is not legally recognized in Portugal yet, but the concept means that the legal employer of record, in this case Payoneer Workforce Management, is the legal employer of the individual placed to work in the customer business. The EOR is responsible for handling employment contracts, payroll, taxes, and compliance, so the EOR can hire full-time employees in Portugal without the customer setting up a local entity.
Onboarding usually takes 3-5 business days, assuming documents and approvals are completed on time.
A written employment contract must specify role, salary, leave entitlements, notice periods, probation, termination terms, aligned with Cyprus labor laws.
Disclaimer
- Skuad Pte Limited (a Payoneer group company) and its affiliates & subsidiaries provide EoR, AoR, and contractor management services.
- The information in this article/on this page is intended for marketing and informational purposes only and does not constitute legal, financial, tax, or professional advice in any context. Payoneer and Payoneer Workforce Management are not liable for the accuracy, or reliability of the information provided herein. Any opinions expressed are those of the individual author and may not reflect the views of Payoneer or Payoneer Workforce Management. All representations and warranties regarding the information presented are disclaimed. The information in this article/on this page reflects the details available at the time of publication. For the most up-to-date information, please consult a Payoneer Workforce Management representative or account executive.
- Availability of cards and other products is subject to customer’s eligibility. Not all products are available in all jurisdictions in the same manner. Nothing herein should be understood as solicitation outside the jurisdiction where Payoneer Inc. or its affiliates is licensed to engage in payment services, unless permitted by applicable laws. Depending on or your eligibility, you may be offered the Corporate Purchasing Mastercard, issued by First Century Bank, N.A., under a license by Mastercard® and provided to you by Payoneer Inc., or the Payoneer Business Premium Debit Mastercard®, issued and provided from Ireland by Payoneer Europe Limited under a license by Mastercard®.