Social Insurance in Cyprus

Contributions  
Employee  
Social Insurance 6,8%*
   
Employer  
Social Insurance 6,8%*
Social cohesion fund 2,0%
Redundancy fund 1,2%*
Industrial training fund 0,5%*
Holiday fund (if is not exempt) 8,0%*
   

* Social insurance contributions are restricted to a maximum amount that is increased annually.

The maximum amount that applies for 2012 is €53.304 (weekly €1.025/monthly €4.442).

The contributions of self-employed persons are 12,6% of income. The amount of the contributions is subject to a lower and a maximum limit, depending on the profession or trade of the Self-Employed Person.