|Tuesday||Jan-01||New Year's Day|
|Monday||Mar-11||Green Monday||Orthodox Shrove Monday. Movable|
|Monday||Mar-25||Greek Independence Day||25th March Day|
|Monday||Apr-01||Cyprus National Day|
|Friday||Apr-26||Orthodox Good Friday||Movable|
|Sunday||Apr-28||Orthodox Easter Monday||Movable|
|Tuesday||Apr-30||Orthodox Easter Tuesday||Banks only|
|Thursday||Aug-15||Dormition of the Theotokos||The Falling Asleep of the Virgin|
|Tuesday||Oct-01||Cyprus Independence Day||Cyprus became independent from the British in 1960|
|Monday||Oct-28||The Ochi day|
|Thursday||Dec-26||Boxing Day||Celebrated on 26th December.|
Holidays that fall on a weekend are not moved to the following Monday.
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Currently there is no standard minimum wage. However, there are talks to implement one in the future.
Full time employment is considered 44 hours weekly, and 8 hours daily.
Pension fund is included in conributions for social security.
Social Security/Pension funds consists of a compulsory and voluntary funds.
From January 1 2019, the compulsory fund includes contributions 0f 8.3% workers wages for both employer and employee with an additional 4.9% contribution by the consilodated fund of the Republic. The voluntary fund consists of 14% contribution from the employee with addion of 4.4% from the consolidated fund of the Republic.
* Funds include: maternity grant and allowance, sickness beenfit, unemployment, old age pension, invalidity beneft, and employment injurt benefit.
** These figures are expected to remain until January 2024
Employers must provide written notice in relation to their workers legnth of employment.
* For 26-51 weeks of employment: 1 week of notice
* 52-103 weeks: 2 weeks notice
* 104 - 155 weeks: 4 weeks notice
* 156 -207 weeks: 5 weeks notice
* 208-259 weeks: 6 weeks notice
* 208 - 259 weeks: 7 weeks notice
* 260 - 311 weeks: 8 weeks notice
Employees must provide notice in accordance to their length of employment:
* 26-51 weeks: 1 week notice
* 52 - 259 weeks: 2 weeks notice
* 260 weeks or more: 3 weeks notice
If the employee has been working up to 4 years in the company – they are entitled to two weeks’ pay for every 52 weeks of continuous employment. From 4 to 10 years, two and half weeks’ pay of 52 weeks of continuous employment. From 10 to 15 years of working in the company, three weeks’ pay of every 52 weeks of cautious employment. From 15 to 20 years of working in the company, three and half weeks of pay for every 52 weeks of continuous employment. From 20 to 25 years of employments, four weeks of pay for every 52 weeks of continuous work.
Employees are entitled to 22 days minimum paid vacation per year.
Employees are entitled to 26 weeks of sick leave.
New mothers are entitled to 28 weeks paid leave. 6-8 weeks should be taken before the baby is born, and from 7 weeks after the father may take over the leave.
Paternity leave is two consecutive weeks. These two weeks must be taken in the first 16 weeks of the childs life.
Together, parents are entitled to unpaid leave of up to 18 weeks for childapre purposes until the child reach 8 years of age.
Salaries are paid either on weekly or monthly basis. For monthly basis, the payday is the last day of the month.
19% standard rate.
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