How to hire remote employees in


Bright oceanside vistas, old architecture, and favorable policies for remote workers make it a great spot—and if you’ve found someone in Cyprus you’d like to hire, this page is for you. We’ll teach you how to hire talent in Cyprus without stumbling into a months-long procession of paperwork and thousands in fees.

Country snapshot

Euro (EUR)
Greek & Turkish

What to know before you hire in 


No matter where you’re based out of, we can tell you one thing: Cyprus has different labor laws than your home country (well, unless your home country is Cyprus, of course). If you don’t do things right, you’ll be putting your company at the risk of fines—and risk losing the talent you brought onboard.

If you want to successfully hire in 


, you have two options:

Hire talent as contractors

Laws about hiring contractors are significantly more simple in 


. Onboarding talent takes days, not weeks or months. Both you, the company, and your talent have more flexibility. And in many cases, since you’re remote, the talent you’re hiring is better classified as a contractor, anyway. Of course, it’s not possible in every case, but it’s what we built Panther for.

Hire talent as employees

This is the long route. You can either establish a physical presence with an entity and register as an employer, or you can use an Employer-of-Record (EOR) solution. Odds are, you’ll find using an EOR to be the easier route. Still, using an EOR in 


 is expensive—it can often be $500 per month per employee—and sometimes prone to lengthy onboarding times.

Why hire independent contractors in 


Hiring contractors is normally the easier, faster, more flexible choice—but don’t just take it from us. Below are the specific benefits and drawbacks to hiring contractors in 



It’s the fastest way to hire globally

Hiring employees takes months, at the minimum. When you hire with Panther’s locally-generated contracts, it’s a matter of days or weeks. This means you can hire the best talent, fast, without losing them to a hellish procession of paperwork.

It’s a lot cheaper

It costs just $0 to sign up for Panther, then $49 per month to hire your contractors with Panther. If you hired employees manually (or did contracting on your own), you’d likely be on the hook for thousands of dollars each month. Setting up an entity alone can cost tens of thousands of dollars.

It’s more flexible for you & your team

Hiring contractors in 


 means you’re generally not on the hook for things like health insurance and paid time off. This makes hiring flexible for you, and it gives your talent more options.

Can be less risky than hiring employees

Hiring employees is a bigger commitment, and can open you up to increased liabilities and regulations. When you hire contractors overseas, your biggest risk is misclassification—but laws surrounding contractor classification are often significantly more straightforward.

Some people want to be employees

The contractor life isn’t for everyone—some people want the security that being an employee often appears to provide. Though it’s rare, this does happen, and it’s one disadvantage of manage an all-contractor team.

You might not have as much control over your talent

Most countries’ contractor-employer relationship laws stipulate that the employer can’t set fixed working hours, among other things. These laws give contractors more freedom over how and when they do their work than an employee would have. In reality, however, most contractors are willing & able to work on the company’s schedule—it’s a matter of setting expectations beforehand.

How can I pay people in 



If you’re hiring contractors in 


, you can pay them with Panther in a single click. You won’t need to worry about complicated wire transfers, fees, or currency conversions. We’ll take care of it all. Just make a click and your contractor will get paid in their currency of choice. This is a valuable bonus for talent in countries where the local currency is particularly weak—most people appreciate the ability to receive their payment in stronger currencies.

Hiring and paying your team in 


Hire and pay with Panther

Pay everyone with a single click
Get great currency conversion rates
Pay $0 in platform fees
Run payroll in seconds
Let Panther automatically create & store invoices
Let Panther automatically write locally-compliant contracts
Let Panther automatically file local tax documents

Hire and pay without Panther

Pay all your contractors individually
Do all currency conversions yourself
Shoulder the burden of platform fees
Spend hours each month making payments
Manually track & store invoices
Manually write & sign contracts
Manually file relevant tax documents

Let Panther save you from hiring headaches.

Sign up today for $0

If you want to hire employees in 


If you’ve read up until this point, you’ll know that it’s easier, cheaper, and more flexible to hire contractors in Cyprus than employees. Still, there are valid reasons why you might want to hire employees instead. The content below is for you—we’ll cover employer taxes and obligations in Cyprus

Taxes in 


Employer tax

Social Insurance

Social Cohesion


Training & Development

National Health System (NHS)

Holiday Fund (if not exempt)

Individual tax


Paid Time Off (PTO)

PTO is calculated by the:

  • The minimum annual leave is 20 days for employees who work a 5 day work week and 24 days for employees who work a 6 day work week. 

Public Holidays

There are 14 public holidays.

Sick Days

The duration of sick leave entitlement provided to workers is dependent on how long they have been employed by their employer:

  • Sick leave and its payment are not subject to rules except for specific areas where there are relevant regulations in place or where this is provided in the employment contract.
  • The social insurance legislation provides for sick pay from the 4th day of leave. 

Maternity Leave

Female employees are entitled to 18 weeks of maternity leave and are extended to 22 weeks when there are twins, and 26 weeks when there are at least 3 births.

During this time the employee receives 72% of their salary and it is paid by the government. 

Paternity Leave

Fathers are entitled to a total of 16 weeks of paternity leave, where 2 consecutive weeks can be taken with 16 weeks of the birth of a child. 

Parental Leave

Parents are entitled to unpaid parental leave of up to 18 weeks for childcare purposes until the child reaches 8 years of age.

Other Leave


Marriage Leave


Bereavement Leave



Termination Process

The termination process should be specified in the employment agreement. 

Notice Period

The notice period in Cyprus is:

  • 26-51 weeks of employment- 1 weeks’ notice
  • 52-103 weeks of employment- 2 weeks’ notice
  • 104-155 weeks of employment- 4 weeks’ notice
  • 156-207 weeks of employment- 5 weeks’ notice
  • 208- 259 weeks of employment- 6 weeks’ notice
  • 260- 311 weeks of employment- 7 weeks’ notice
  • 312 weeks or more- 8 weeks’ notice

The only time a notice is not required is when the employee has committed a serious offense. The notice period must be given in writing.

Severance Pay

The severance pay varies based on length of employment:

  • 2 weeks’ severance for each year of employment up to 4 years
  • 2.5 weeks of wages for each year between 5-10 years of employment
  • 3 weeks of wages for each year between 11-15 years of employment
  • 3.5 weeks of wages for each year between 16-20 years of employment
  • 4 weeks of wages for each year over 20 years of employment

Probation Period

The common practice is 6 months – 2 years and must be outlined in the employment agreement.

Employee requirements in 


Working Hours

A full-time workweek is 44 hours or 8 hours per day.   


Overtime should be outlined in the employment contract as there are no applicable laws in Cyprus.

Want to hire contractors, anywhere? Start with Panther today for $0.

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