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🇨🇾NETWORK COVERAGE

Cyprus

Europe

Global payroll infrastructure for emerging markets.

AT A GLANCE

Payout Speed

Instant or near-instant (24/7)

FX Range

0-1 %

Withdrawal methods available

2

Compliance

COR

SOLUTIONS

Contractor Pay

Easily pay and manage independent contractors in Cyprus in euros with clear payout tracking.

COR (Contractor of Record)

Use Sigma's Contractor of Record solution to manage compliant contractor documentation and onboarding in Cyprus.

CONTRACTOR PAYOUT OPTIONS

Wallet Options

USD WalletDefaultEURO WalletOn request

Foreign Withdrawal Options

CryptoSigma CardForeign Bank Accounts

Local Withdrawal Methods

Local Bank TransferDirect push to card (Visa/Mastercard)
Payout Limits
None
Cutoff
Realtime 24/7

EOR

Gross-to-net calculations

Sigma can power gross-to-net payroll calculations in Cyprus, while statutory remittances are handled outside the platform for now.

How payouts work in Cyprus

1

Add contractors

Create contractor profiles and set payout details.

2

Fund your account

Add funds to your Sigma wallet.

3

Run payroll

Run payroll in one click. Every contractor gets a wallet within the same financial institution, making running payroll for thousands seamless, immediate, and error-free.

More countries in Europe

Cyprus coverage FAQs

Quick answers about payout methods, limits, cutoff, EOR, and wallet options.

Based on available payout rails, limits, cutoff, and compliance options.

Have a use case in mind? Contact us

✨ Make Your Business Thrive

Let's build your Global Team in Cyprus

Discover how Sigma can help you hire, pay, and retain top-skilled workers globally while staying free from compliance headaches and IRS forms. Book a demo today.

Sigma platform interface
Sigma payroll interface