New Comprehensive Guide for Employment Agreements in Cyprus


  • 26 Jul 2024

Economou & Co LLC is excited to announce the release of our latest publication, "Comprehensive Guide for Employment Agreements in Cyprus for ICT and Fintech Companies." This guide is designed to assist employers especially in the ICT and Fintech sectors in drafting employment agreements that are clear, compliant with Cyprus employment laws, and tailored to the unique needs of the industry.

Key topics covered in this guide include:

  • Insights into Cyprus employment laws, including key regulations like the Organisation of Working Hours Law 2002 (63(I)/2002) and the Termination of Employment Law 1967.
  • Detailed steps for drafting employment agreements.
  • Defining the place of employment and outlining employee warranties and representations.
  • Detailing the defined duties of employees to ensure clear responsibilities and expectations.
  • Working time expectations, flexible work arrangements, and leave policies.
  • Pay and benefits.
  • Garden leave provisions.
  • Robust confidentiality clauses to safeguard company information and intellectual property rights.
  • Ensuring compliance with data protection laws, including the General Data Protection Regulation (GDPR).
  • Providing for payment in lieu of notice and termination without notice to manage employment transitions smoothly.

For ICT and Fintech companies in Cyprus, this guide is an invaluable resource for managing international hires and fostering and securing a positive and robust work environment.

Access the full guide here.


The content of this article is valid as of the publication date mentioned above. It is intended to provide a general guide and does not constitute legal or professional advice, nor should be perceived as such. We strongly recommend that you seek professional advice before acting on any information provided.

If you need further assistance, please feel free to reach out to us via phone at +357 22260064 or email at info@economoulegal.com

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