Cyprus: Very Small Business Support

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Ministry of Labor, Welfare and Social Insurance (09.12.2020) The Ministry announces that the Special Plans implemented in November 2020 continues for December 2020. Very Small Business Support subsidizes 100% of the employees for enterprises that employ up to three (3 ) employees, especially for Business Plans in Full Suspension or related companies, 100% of the staff is subsidized for companies that employ up to nine (9) employees.

measures summary

The Ministry announces that the Special Plans implemented in November 2020 continues for December 2020. Very Small Business Support subsidizes 100% of the employees for enterprises that employ up to three (3 ) employees, especially for Business Plans in Full Suspension or related companies, 100% of the staff is subsidized for companies that employ up to nine (9) employees.

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Very Small Business Support

Based on the Government's policy for additional support to the very small enterprises that constitute the vast majority of all enterprises, in all the above Special Plans, provisions have been included for subsidizing 100% of the employees for enterprises that employ up to three (3 ) employees, especially for Business Plans in Full Suspension or related companies, 100% of the staff is subsidized for companies that employ up to nine (9) employees.