WHAT CHANGED FOR EMPLOYEE PAYMENTS

With reference to the Official Cyprus Gazette the following have been adopted:

1. Payments of employees’ salaries should be made one of the following:
2. The employer should deposit the employees’ salaries to their selected bank account.
3. The employer can pay the employee’s salaries also by a bank check issued on the employees’ name
4. By cash according as per the following 2 scenarios
   1. The bank opening is under review (pending) taking into consideration that the procedure will not take more than 4 months.
   2. The salary payment is on a weekly basis (see note 1 for the extra requirements)

Notes:
A contract between the employee and the employer exist and should be sent and approved by the relevant person/authorities in Cyprus (Social Insurance Authorities or Special Inspector of the Cyprus Government)