Services
cyprus
Strategically situated at the Eastern Mediterranean, at the crossroads of three continents, Europe, Asia and Africa, Cyprus is seen by many businesses as a viable financial and business hub for the region. KEYS is open for business for both employment outsourcing and payroll services in Cyprus. We help our clients:
litigate risk and keeping clients up-to-date in a changing legislative and regulatory environment
enjoy quick turnarounds of tax and labour law requirements
enable HR to focus on strategy by taking on detailed personnel tasks following our tightly controlled system and procedure protocol
communicate on a timely basis and with ease with KEYS reliable and reactive account managers and customised reporting
Employment Outsourcing
Employment outsourcing services (or co-employment) relieves our clients of time consuming onboarding requirements. Whether you are a start up or a project requiring large volume of staff to be onboarded as quickly as possible, we deliver the following employment outsourcing services in Cyprus:
employment contracts customised and in adherence to Cyprus Labour law
employee registration at social insurance authorities
monthly payroll calculations of gross to net salaries, employee taxes, social insurance and redundancy fund
payments of net salaries, taxes and social insurance monthly
customised payslips delivered electronically and securely
holiday balances tracking and reporting
termination procedure guidance and handling
application form MEU 1 (if applicable) completion and submission
Payroll
Services
KEYS offers efficient and accurate payroll outsourcing services, saving clients unnecessary expenditure. Our aim is to reduce compliance errors, deliver accurate reports on time and enable clients to focus on core business needs. Our payroll services, Cyprus, include:
monthly calculations of payroll, social insurance and tax deductions
additional calculations ex. benefits, allowances, overtime, and deductions
payroll reporting, for labour tracking and cost allocation decision making
payments of net salaries to employees bank accounts
payslips that are emailed securely or printed and couriered to clients.
payments to local authorities i.e. payroll taxes, social insurance and redundancy funds
registering and deregistering clients' employees at social insurance authorities.
We also assist with annual statutory requirements
annual certificate of total emoluments (IR63) of each employee for tax authorities
employee claim allowance (IR59)
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