WORK IN CYPRUS: what you should know?
2 weeks ago
Cyprus, the third-largest island in the Mediterranean, is a popular tourist destination known for its sunny weather, beautiful beaches and rich history. Yet the country is not only attractive for tourists, but also for people who are looking for work in Cyprus. Considering whether this country really appeals to expats and which factors determine its attractiveness? Let us dispel your doubts by introducing you to the labour market and work culture of Cyprus, and by revealing all the benefits and challenges of working in this country.
The job market in Cyprus is quite diverse, with a range of opportunities available in various industries such as tourism, finance, shipping and real estate. The tourism industry is the largest employer in Cyprus, with many jobs available in hotels, restaurants and travel agencies. The finance industry is also significant, with many international companies choosing Cyprus as their regional headquarters due to the country's favorable tax regime and business-friendly environment. Shipping is another important sector, as Cyprus is home to one of the world's largest ship management centres. Finally, the real estate industry is thriving, with many opportunities for real estate agents, developers and property managers. Work in Cyprus is the most attractive, in terms of salaries, in the financial, legal and medical sectors.
Here are some of the top-paying jobs in Cyprus:
* All salaries mentioned below are average annual gross earnings.
1. Investment Banker: Investment bankers are responsible for managing financial transactions for businesses and individuals. They analyze financial data, develop financial strategies and offer advice on mergers and acquisitions. Investment bankers, who work in Cyprus, can earn salaries ranging from 80,000 € to 120,000 € per year.
2. Lawyer: Lawyers in Cyprus typically specialize in areas such as corporate law, tax law or intellectual property law. They provide legal advice to clients, draft legal documents and represent clients in court. Lawyers in Cyprus can earn salaries ranging from 60,000 € to 100,000 € per year.
3. Surgeon: Surgeons in Cyprus perform operations to treat injuries, diseases and deformities. They work in hospitals and clinics and may specialize in areas such as neurosurgery, cardiovascular surgery or plastic surgery. Surgeons in Cyprus can earn salaries ranging from 60,000 € to 90,000 € per year.
4. Accountant: Accountants, who work in Cyprus, manage financial records, prepare tax returns and offer financial advice to clients. They work in a variety of industries and may specialize in areas such as auditing, taxation or forensic accounting. Accountants in Cyprus can earn salaries ranging from 45,000 € to 70,000 € per year.
5. Software Engineer: Software engineers in Cyprus design, develop and test computer software. They work in a variety of industries, including technology, finance and healthcare. Software engineers in Cyprus can earn salaries ranging from 40,000 € to 65,000 € per year.
6. Architect: Architects in Cyprus design and plan buildings and structures. They work with clients to develop plans, create designs and oversee construction projects. Architects, who work in Cyprus, can earn salaries ranging from 40,000 € to 60,000 € per year.
7. Dentist: Dentists in Cyprus diagnose and treat dental problems, including cavities, gum disease and oral cancer. They also provide preventative care, such as cleanings and checkups. Dentists in Cyprus can earn salaries ranging from 40,000 € to 60,000 € per year.
It's important to note that payment of your work in Cyprus can vary widely depending on factors such as experience, qualifications and work location.
Additionally, these salaries are just estimates and may vary depending on the employer and the specific job requirements. The country's low tax rates are what make work in Cyprus such an attractive destination for international companies and entrepreneurs. The corporate tax rate is currently at 12,5 %, which is one of the lowest in the European Union. The income tax rate is also low, with a top rate of 35 %, which is lower than many other European countries. This means that employees can enjoy higher take-home pay, which is always a plus. Expats may find work in Cyprus attractive as well, because the country provides a high standard of living.
Cyprus has a good healthcare system, excellent infrastructure and a high-quality education system. The cost of living is also relatively low, especially when compared to other European countries. This means that employees can enjoy a good quality of life with access to affordable housing, food and entertainment.
The work culture in Cyprus is generally relaxed and informal, with a focus on work-life balance. Employees typically work from 8:00 am to 4:30 pm, with a one-hour lunch break in the middle of the day. Many companies also offer flexible working hours and remote work options, which allows employees to balance their work and personal lives. The work environment is generally friendly and collaborative, with a focus on building relationships and teamwork.
The official language of Cyprus is Greek, but English is also widely spoken there, especially in the context of business. However, work in Cyprus can be a challenge, due to the language barrier, for expatriates who do not speak either of these languages. Another challenge for people looking for work in Cyprus is the high level of competition in the labour market, especially in popular fields, such as tourism and finance. Therefore, for the best result, be patient, persistent and confident when looking for a job in Cyprus.
Finally, we'd like to tell you about the top tourist attractions to visit while working in Cyprus:
1. If you are a person who believes in myths – you must visit Petra tou Romiou, also known as Aphrodite's Rock, which is a beautiful seaside spot located near Paphos. According to local myth, every person who swims around Aphrodite's Rock will be rewarded with eternal beauty.
2. The other major tourist attraction is Kyrenia Castle. It is a stunning castle located in the city of Kyrenia. This castle has a rich history, having been built by the Byzantines in the 7th century and later expanded by the Venetians and Ottomans.
3. Perhaps you're interested in architecture? Well, if your answer is yes, then you can't miss the opportunity to visit Nicosia while working in Cyprus. Nicosia is the best city in Cyprus to see many different examples of multicultural architecture at the same time. Also, it is the capital of Cyprus and the last divided capital in the world, with a Turkish-occupied north and a Greek-Cypriot south. The city is full of interesting historical sites, including the Venetian walls, the Byzantine Museum and the Selimiye Mosque.
4. Another popular tourist spot that deserves your attention is Kato Paphos Archaeological Park. It is an impressive archaeological site located near the town of Paphos. The park is home to several ancient ruins, including the House of Dionysus, the Odeon and the Tombs of the Kings.
5. For those who love mountains, Cyprus also has something to offer! In the centre of Cyprus you'll find a stunning mountain range known as the Troodos Mountains. Visitors can explore charming villages, hike through scenic forests and even ski during the winter months.
In conclusion, Cyprus has a lot to offer not only for tourists, but also for people looking for work in the country. Work in Cyprus can be a great opportunity for those who are seeking a good quality of life, a relaxed work culture and a favorable tax regime. With a range of job opportunities available in various industries, there are plenty of options for job seekers. However, it is important to be aware of the challenges, such as the language barrier and high competition for jobs. With the right attitude and approach, working in Cyprus can be a rewarding and fulfilling experience.
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