Social insurance and other contributions are calculated at the following rates on employee’s gross weekly/monthly emoluments.


   Percentage of Earnings 
 Fund  Employer Employee  Self Employed 
 Social Insurance fund  7.8%  7.8%  14.6%
 Redundancy fund  1.2%    
 Training Development fund  0.5%    
 Social Cohesion fund  2%    
 Holiday Fund (If is not exempt)  8%    
 TOTAL  11.5%  7.8%  14.6%



The following are the upper limits on employee’s gross emoluments:

   Per week €  Per month €  Per annum €
Weekly employees  1.046 .......   54.392
Monthly employees .......   4.533  54.396


Deadline for Contribution Payments

For Employers  Paid monthly Not later than the end of the calendar month following the month that the contributions relate
For Self Employed Paid quarterly:
January - March
April - June
July - September
October - December
10th day following the end of the month following the end of each quarter



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Cyprus Company formation for trade, service, e-commerce, IPs.

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Cyprus, a Member State of the European Union, has been an important centre for trade and commerce since antiquity.
The small but dynamic country has a long established reputation as a “Centre of Excellence” for international business activities  Read more...

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Trust Formation for effective wealth management and succession planning.

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Forming a company in Cyprus can take the form of a private or public limited liability companies by shares and companies limited by
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Office Locations

Head office

2 Christ. Sozos Str. Eiffel Tower, 1096 Nicosia, Cyprus
P.O.Box 21855, 1514 Nicosia, Cyprus

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District  offices

Limassol / Lemesos
Paphos / Pafos