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 The Social Security Fund has announced the increase of the employees’ social security contributions as of January 1st 2019 as well as the initiation of the national health insurance contributions as of March 1st, 2019.

Under the social insurance legislation and as from January 1st 2019, 8.3% of the gross salary shall be deducted by the employee and contributed to the social security fund while at the same time an equal percentage shall be contributed by the employer and 4.9% from the Consolidated Fund of the Republic of Cyprus. As far as self-employed persons are concerned, the percentage has risen to 15.6% whereas 4.9% shall be paid by the Consolidated Fund of the Republic of Cyprus.

In parallel, as of March 1st, 2019, Cyprus will inaugurate its new national health system contributions.  A total of 1,70% shall be paid by the employee on the gross salary whereas 1,85% shall be borne by the employer. Contributions are paid on all employee annual earnings up to €180.000.

For more information, please feel free to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss how we can be of assistance to you.

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1 Kinyra Street, 5th floor
1102 Nicosia


115 Faneromenis Avenue,
Antouanettas Building
6031 Larnaca


12 Platonos Street,
3027 Limassol


4 Nicou Nicolaidi & Kinyra,
2nd floor, 8011 Paphos


164A Georgiou Gourounia,
1st floor, 5289 Paralimni

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