Payrolling & Employment Consulting

Managing employees in Cyprus requires more than just issuing payslips—it demands precise coordination between payroll calculations, employment contracts, statutory reporting, and immigration compliance. At Vonturm, we offer comprehensive payroll and HR consulting services in Cyprus, supporting companies in both day-to-day operations and complex personnel matters.

Our approach combines legal expertise, fiscal compliance, and efficient digital solutions, enabling our clients to remain fully aligned with the Labour Law, the Social Insurance legislation, and international best practices.

Payroll Administration in Cyprus

Cyprus-based employers are required to maintain accurate payroll records, make timely social insurance and tax payments, and provide employees with legally compliant payslips. We manage the entire payroll cycle, including:

• Monthly payroll calculations based on gross-to-net methodology

• Issuance of detailed payslips and summary reports

• Employer and employee social insurance contributions

• PAYE (Pay-As-You-Earn) income tax calculations and declarations

• Online submissions via Taxisnet (TD7, TD63, TD59, etc.)

• Annual employer return (IR7) and employee tax statements (TD63)

Our payroll processes are fully digital, confidential, and scalable. We serve local SMEs, international branches, holding structures, and regulated entities across various industries.

Work Permits & Employment of Foreign Nationals

Hiring third-country nationals in Cyprus requires strict compliance with immigration procedures and quotas. Vonturm supports companies in:

• Applying for work permits and residence permits for non-EU employees

• Preparing employment contracts and documentation for the Civil Registry and Migration Department

• Compliance with minimum salary thresholds, job eligibility, and quota systems

• Renewals, cancellations, and tracking of immigration status

• Advising on relocation policies, family reunification, and Blue Card applications

We also support foreign companies establishing local presence or relocating staff under intra-corporate transfer or high-skilled migration frameworks.

HR Policies & Internal Procedures

For larger organisations or regulated entities, having internal documentation in place is critical to ensure HR compliance, manage employee expectations, and prevent internal disputes.

We assist in drafting and implementing:

• Internal employee handbooks and HR manuals

• Policies on remote work, data protection (GDPR), and disciplinary conduct

• Equal opportunity and anti-harassment policies

• Whistleblower procedures in accordance with EU Directive 2019/1937

• Code of ethics and conflict of interest guidelines

These documents help standardise your employment practices and support you during inspections or audits by the Department of Labour or other supervisory bodies.