Cyprus minimum wage at 940 euros per month
According to the announcement of the Cyprus Minister of Labour and Social Insurance made on 31/08/2022, the Cyprus National Minimum Wage is set at 940 euros per month starting from January 1, 2023. For new employees, for the first six months of employment, it will be set at 885 euros (both gross).
Thousands of employees in Cyprus will benefit from this legislation by earning an increase in their current salary.
Professions related to shipping, domestic workers and farming and livestock workers, persons receiving training for a degree or professional qualification are excluded from the minimum wage legislation.
Every two years, a newly appointed committee will evaluate the minimum wage, and more clarifications regarding the number of working hours, overtime pay, and other specifics are anticipated.
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