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Healthcare - Social Insurance
Commencement of General Healthcare System
The General Healthcare System Law of 2010 (as amended in 2017), is set to come into effect in 2019. Under this law, the Republic of Cyprus will offer its citizens a General Healthcare System (GHS), a modern, people-centric healthcare system that aims to provide all citizens with equal access to healthcare services. For the implementation …
Social Insurance
Social Insurance Contributions Increase in 2019
The Social Insurance Scheme of the Republic of Cyprus is financed by contributions paid by employers, insured persons, and the State, as a percentage of an employee’s insurable earnings. Employers are liable to pay contributions to the Social Insurance, Annual Holidays, Redundancy, Human Resource Development and Social Cohesion Funds for each of their employees. As …