CYPRUSCOUNTRY REPORT <strong>2022</strong> SALARY SURVEY <strong>2022</strong> Source: GRS Recruitment JOB TITLE LOW (€) MID (€) HIGH (€) Management CEO 60,000 100,000 150,000 Executive Director 60,000 100,000 140,000 CFO 65,000 80,000 120,000 Accounting & Finance Financial Controller 55,000 60,000 75,000 Finance Manager / Senior Accountant 40,000 55,000 65,000 Accountant / Auditor (Qualified) 34,000 38,000 45,000 Accountant / Auditor (Part Qualified or QBE) 24,000 30,000 36,000 Account Assistant 16,000 22,000 25,000 HR Department Head of HR / Group of HRM 55,000 80,000 120,000 HR Manager 40,000 50,000 60,000 HR Executive 18,000 21,000 24,000 Legal Deparment Head of Legal / Group Legal Head 60,000 90,000 130,000 Legal Advisor (Qualified Lawyer) 24,000 39,000 54,000 Legal Assistant / Paralegal / None Qualified Lawyer 18,000 20,000 24,000 Compliance, Anti-Money Head of Compliance 50,000 64,000 72,000 Laundering (AML), Counter - Compliance / AML / CTF / Manager 42,000 46,000 52,000 Terrorist Financing (CTF) Compliance / AML / CTF / Officer 26,000 32,000 40,000 Dealing Room Chief Dealer 45,000 52,000 60,000 Dealer 24,000 33,000 45,000 Junior Dealer 18,000 20,000 22,000 IT Development Head of IT / CTO 60,000 80,000 140,000 IT Manager / Development Manager 50,000 60,000 80,000 Quality Assurance (QA) / Tester 26,000 36,000 46,000 IT Technician 20,000 24,000 36,000 Developer* 28,000 42,000 60,000 Marketing Department Head of Marketing 42,000 50,000 72,000 Marketing Officer 24,000 30,000 36,000 Digital Marketing Specialist (Social, PPC / SEO) 26,000 34,000 42,000 Marketing Executive 18,000 22,000 24,000 Graphic Designer 24,000 30,000 36,000 Content Writer 24,000 32,000 40,000 Sales Department Head of Sales 42,000 60,000 75,000 FX Sales* 20,000 24,000 30,000 Sales Executive (Industries other than FX / Fintech) 18,000 22,000 26,000 Administration Office Manager / PA / EA 18,000 28,000 39,000 Administator / Receptionist 17,000 20,000 24,000 Corporate Administrator 20,000 28,000 36,000 64
CYPRUSCOUNTRY REPORT <strong>2022</strong> Taxation <strong>Cyprus</strong> offers one of the most attractive tax regimes in Europe. A member of the European Union since 2004, <strong>Cyprus</strong>’ regulatory regime is in full compliance with the requirements of the EU and OECD. <strong>Cyprus</strong> has one of the lowest EU corporate tax rates at 12.5%. The island’s advantageous tax rate coupled with an extensive list of double tax treaties places it high on the list of preferred jurisdictions for international tax planners. CORPORATION TAX The Corporation Tax Rate in <strong>Cyprus</strong> is 12.5%. BASIS OF TAXATION All companies that are tax residents of <strong>Cyprus</strong> are taxed on their income accrued or derived from all sources in <strong>Cyprus</strong> and abroad. A non-<strong>Cyprus</strong> tax resident company is taxed on income accrued or derived from a business activity which is carried out through a permanent establishment in <strong>Cyprus</strong> and on certain income arising from sources in <strong>Cyprus</strong>. A company is considered tax resident of <strong>Cyprus</strong> if it is managed and controlled from <strong>Cyprus</strong>. Trilogy, Limassol 65