Cyprus offers a unique blend of opportunities for business expansion, but navigating local regulations and labor markets can be challenging. Lundi's expertise can help you succeed in this market.
In Cyprus, professional recruitment agency fees range from 22-27% of the first-year annual base salary of a recruited employee. Recruitment agencies also require an upfront retainer and payment in advance installments of the agency fee based on milestones such as start of recruitment, presentation of candidates, and scheduling interviews with a candidate shortlist.
We know this might sound overwhelming—but it doesn’t have to be. A solution like Lundi eliminates the barriers for you. With Lundi, you can recruit talent across 70+ countries, easily managing recruitment—all in one, easy-to-use platform. Get an overview of what you need to know when hiring in Cyprus below.
Like its severance obligations, notice periods in Cyprus depend on how long an employee has worked with the employer.26 – 51 weeks of employment: 1 weeks’ notice52 - 103 weeks of employment: 2 weeks’ notice104 - 155 weeks of employment: 4 weeks’ notice156 - 207 weeks of employment: 5 weeks’ notice208 - 259 weeks of employment: 6 weeks’ notice260 - 311 weeks of employment: 7 weeks’ notice312 weeks and above: 8 weeks’ notice
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