Cyprus – Social Insurance Fund Contributions to Increase

As of January 1 2024, the rate of contribution to the Social Insurance Fund will increase.

Employers and employees will be required to contribute an additional 0.6% of their insurable earnings.

The current rate of Social Insurance Fund Contribution right now is 8.3% which will increase to 8.9%.

For further information please contact us via email at or via telephone +357 22262108.