Decree Of The Minimum Wages Limit Law (In Effect from 1st of January)

January 1, 2023 / English News Payroll

The minimum monthly salary paid to any employee in the Republic of Cyprus is set at €940 and concerns a full-time employee who has completed six months of continuous employment with the same employer. If the employee has not completed six months of continuous employment with the same employer then the minimum monthly wage will be €885 until the completion of the six months of continuous employment. (The relevant Decree is attached)