Social Insurance

Social Insurance in Cyprus

Social Insurance7,8%* (6,8% for 2013)
Social Insurance7,8%* (6.8% for 2013)
Social cohesion fund2,0%
Redundancy fund1,2%*
Industrial training fund0,5%*
Holiday fund (if is not exempt)8,0%*


Social insurance contributions are restricted to a maximum amount.

The maximum amount that applies for 2014 and 2013 is €54.396 (weekly €1.046/monthly €4.533).

The contributions of self-employed persons are 14,6% (12,6% for 2013) 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.