Cyprus Employment Guide

Cyprus Employment Guide

Cyprus is an island nation in the Eastern Mediterranean with a population of about 1.2 million. Its economy relies on services, tourism, shipping, and financial sectors. Employment in Cyprus is regulated under the Termination of Employment Law and the Employment Law, which cover working hours, leave entitlements, minimum wage, and termination rules. Employers must make social insurance contributions for employees covering pensions, health, and unemployment benefits. Employment contracts are required for all employees, and foreign nationals may need work permits depending on their nationality.

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Currency

Euro (EUR)

Capital

Nicosia

Official language

Greek and Turkish

Salary Cycle

Monthly

Our Employment Guide in Cyprus

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Paid Time Off Policy

Full-time employees at SailGlobal are entitled to 20 working days of paid time off (PTO) annually. For staff working a six-day week, the entitlement increases to 24 working days. PTO accrues monthly at a rate of 1.67 days, and employees are expected to utilize their accumulated leave within the current calendar year.

National Public Holidays

Cyprus observes 16 national public holidays throughout the year. These holidays reflect the country's rich cultural and religious heritage, providing employees with regular opportunities for rest and celebration.

Official Public Holiday Calendar

  1. New Year's Day
  2. Epiphany
  3. Green Monday
  4. Greek Independence Day
  5. Cyprus National Day
  6. Orthodox Good Friday
  7. Orthodox Easter Sunday
  8. Orthodox Easter Monday
  9. Labour Day
  10. Orthodox Pentecost Monday
  11. Assumption of Mary
  12. Cyprus Independence Day
  13. Ochi Day
  14. Christmas Eve
  15. Christmas Day
  16. Boxing Day

Strategic Leave Management

Effective leave management is crucial for maintaining workforce productivity while ensuring employee well-being. SailGlobal's approach balances statutory requirements with operational needs, creating a sustainable framework that supports both business continuity and staff satisfaction.

International Best Practices

Compared to other European countries, Cyprus offers a competitive leave package. For instance, while the UK typically provides 28 days including public holidays, SailGlobal's Cyprus-based employees benefit from 20 PTO days plus 16 public holidays, totaling 36 days annually.

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