Global Expansion Resources | Cyprus
Cyprus EOR Services
Helping your business expand into Cyprus with the leading Cyprus EOR company
Expand into new markets with the leading Cyprus EOR partner
Leap29’s tailored Cyprus EOR Services manage the employment of your international hires to support your company’s expansion into Cyprus.
- Overcome Cypriot employment laws and potential risk of non-compliance.
- Manage international hires, taxes, benefits, insurance, visa applications and payroll.
- The best value Cyprus EOR with no hidden fees.
- Bespoke employee management platform included.
By acting as your Employer of Record partner in Cyprus, we can take away these responsibilities, allowing you to focus on growing your business and securing top talent and top clients.
Complete our enquiry form for a free quote!
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
How can our EOR services support your expansion into Cyprus?
Known to be a high-quality hub for international business and investment, Cyprus has seen significant growth in the Pharmaceutical, Shipping, Fossil Fuel, Investment and Renewable Energy sectors as of late.
Strategically located between three continents, Cyprus is a favourable destination to expand globally for companies within the European Union (EU). Not only does Cyprus have positive relations with North Africa and the Middle East, but it also possesses good transport links, as it is home to two international airports, modern seaports and the third largest merchant fleet in the EU – making the Mediterranean island a great place for trading between its neighbouring countries.
Despite Cyprus demonstrating exponential economic growth and having strong ties with its neighbouring countries, as well as important transport and trading links, expanding into Cyprus does come with its challenges – including the following legal regulations:
- Cypriot employees must not work over 48 hours per week (including overtime)
- Certain exceptions are made for specific industries, e.g. healthcare and hospitality sectors have different limitations
- Every Cypriot employee must have 11 hours of undisturbed rest per every 24 hours of work
- After finishing 14 days of work, employees are entitled to a 48-hour rest period under the Labour Code of Cyprus
- Night shift workers must not work more than 8 hours per night under any circumstances
Additionally, non-residents must have acquired approval from the Cyprus Department of Labour and the Cyprus Work Visa to be covered by Cypriot Labour Law.
Navigating the intricacies of foreign employment laws, alongside the complex and time-consuming process of setting up a legal entity in another country, can make expanding into Cyprus seem nearly impossible. But, with Leap29’s tailored Cyprus EOR services, you won’t need to set up any entities or subsidiaries. As your Employer of Record, we can act as your international workforce management partner, assisting you with global compliance, employee management (including HR), payroll, employment contracts, and much more.
For more information on laws regarding work in Cyprus, click here.
What is an Employer of Record?
An Employer of Record (EOR), sometimes referred to as a PEO (Professional Employer Organisation), is a third-party service provider who manages international employment for your globally expanding business on your behalf. While you remain responsible for the day-to-day management of your employees, an EOR manages all HR and employee management duties for you. Our Cyprus EOR services include:
- Facilitating employment contracts
- Complying with Cyprus employment laws
- Paying taxes and social security contributions
- Running payroll
- Providing employee benefits
Additionally, an Employer of Record allows you to expand into Cyprus without setting up a subsidiary.
Why do I need an Employer of Record in Cyprus?
To outsource global employment in Cyprus, companies must set up a legal entity. Not only can this process be complex, time-consuming and costly for a business, but it can also be a minefield of compliance risks – all of which extend your time to market. The risk of compliance combined with the intricacies of Cypriot employment laws can make global expansion into Cyprus very lengthy and complicated. This is where our Employer of Record services come in.
By allowing us to become your global employee management partner, you can reap the benefits of Cyprus’ lucrative business landscape, positive international relations and useful transport/trading links, without the costly and lengthy process of establishing a legal entity. Given our industry experience and in-depth knowledge of foreign employment laws, you can rest assured, knowing that your global expansion into the Mediterranean investment hub is smooth and compliant with all required regulations.
Moreover, our EOR services also offer tax management, global employee onboarding and management of Cyprus’ social security system to make your business’ experience expanding into Cyprus as seamless as possible.
Our wealth of experience as a global recruitment partner allows us to employ business-best practices, so you can dip into Cyprus’ extensive talent pool and lucrative economy.
Why Choose Leap29 as your Employer of Record in Cyprus?
At Leap29, we have over 20 years of experience providing global recruitment and employment management services to multiple sectors, including Manufacturing, Construction & Engineering, Oil & Energy, Life Sciences & Pharmaceuticals, Power & Renewable Energy and Technology. Hence, we are well-equipped to be the Cypriot Employer of Record to support your business through its global expansion.
Well-versed with the latest visa requirements, employment laws and cultural expectations, Leap29 can get your business off to the best possible start during your journey into Cyprus.
Whether you are looking to employ one person or a whole workforce, we can offer Employer of Record services to meet your individual requirements. If you want to find out more about how our Cyprus EOR services can support your global expansion, call our experts today on +44 (0) 20 8129 6860 or email us at [email protected].
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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+
Sweden
India
Denmark
Singapore
Germany
Malta
USA
Australia
Saudi Arabia
Finland
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.