As from 1 March 2019 the General Healthcare System Law of 2001 (GHS) will come into effect.
Employees, employers, Individuals and the government will contribute to the GHS. The contributions will be deducted from the entire earnings of the individuals (including
dividends, interest and rental income) up to a maximum of €180.000.
| Category | Sources of Income |
1/3/2019 | 1/3/2020 |
| Employees | Emoluments | 1,70% | 2,65% |
| Employers | Employees’ emoluments | 1,85% | 2,90% |
| Self-Employed | Own Income | 2,55% | 4,00% |
| Pensioners | Pension | 1,70% | 2,65% |
| Persons holding an office | Officers’ Remuneration | 1,70% | 2,65% |
| Persons earning rental, interest, dividend and other income | Rent, interest and dividend | 1,70% | 2,65% |
| Republic of Cyprus or Natural/ Legal person responsible for the remuneration of persons holding an office | Officers’ Remuneration |
1,85% | 2,90% |
| Republic’s Consolidated Fund | Emoluments/pensions of persons in (i), (iii), (iv) and (v) | 1,65% | 4,70% |
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Cyprus Company formation for trade, service, e-commerce, IPs. learn the criteria Cyprus, a Member State of the European Union, has been an important centre for trade and commerce since antiquity.The small but dynamic country has a long established reputation as a “Centre of Excellence” for international business activities Read more... |
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Trust Formation for effective wealth management and succession planning. learn the criteria Forming a company in Cyprus can take the form of a private or public limited liability companies by shares and companies limited byguarantee which are all incorporated pursuant to the Cyprus Companies Law. Read more... |
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Live and work in cyprus for non-european citizens learn the criteria Get in touch with P. KALOPETRIDES & CO. for a tailor made advice on the process for acquiring permanent residencyWe provide guidance on the documents required and assist with preparation (employment agreement and the like. Read more... |
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