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More than Business Services: Business Partners


P. Constantinou & Co.

28/05/2021

May 2021 Coronavirus support plans & New Employment Incentive Plans

Our latest news, announcements and updates on Cyprus, EU and International Audit, Tax, Accounting and Consulting matters.


Coronavirus support plans for May 2021


The Cyprus Ministry of Labour published today, 28/5/2021, the support plans for the May 2021 period. The plans concern the period from May the 1st until May 31st, 2021.

The last date for applications for participation in the May Special Plans is Monday 7th of June, 2021.

The eight specific plans for May are targeting and funding the following sections:
  1. A Special Plan for Hotel Units and Tourist Accommodations - (Form EEA 9) or (Form EEA 14)
  2. A Special Plan for companies with Economic Activities related to the Tourism Industry or Economic Activities that are directly affected by Tourism - (Form EEA 10) or (Form EEA 11)
  3. A Special Plan for companies with a complete suspension of operations - (Form EEA 3)
  4. A Special Plan for companies with a partial suspension of operations - (Form EEA 4)
  5. A Special unemployment Support Plan - (Form EEA 8)
  6. A Special Plan for Certain Categories of self-employed Employees - (Form EEA 5)
  7. Special plan for Work Absence Allowance due to health reasons – (Form EEA 15)
  8. Special plan for Work Absence Allowance for child care - (Form EEA 16)
The online applications for the above plans can be found at https://www.coronavirus.mlsi.gov.cy along with additional information and detailed instructions for completing them by those interested.

If you would like us to complete and submit the above applications on your behalf or on behalf of your company, please contact us >

For Greek text please visit our website below:
Coronavirus support plans for May 2021


Cyprus announces two new Employment Incentive Plans
 
The Ministry of Labour, Welfare, and Social Insurance announced two new incentive plans for the Unemployed, which will be co-financed by the European Union and the Republic of Cyprus.

The Plans aim to reduce unemployment by providing incentives to employers to hire unemployed and unemployed young people aged 15 to 29.

The incentives aim to subsidy part of the salary cost of each person hired with 48 euros for each working day and correspond to the amount of sponsorship that each beneficiary will receive for each working day that the beneficiary will complete, regardless of the actual salary cost paid by the employer.

The Plans require the employment of each person for ten months with the obligation of the employer for additional employment of the employee for another two months without subsidy.

The total amount that will be allocated for the needs of the two plans is four million euros for the first project for the unemployed and two and a half million euros for the second project for young people aged 15 to 29 who are Not in Education, Employment or Training (NEETs).

It is noted that applications are accepted from 31/5/2021 and until the funds are exhausted or the announcement for the end of the Plans.

All required details, forms, and any other required documents are available on the website of the Department of Labour http://www.mlsi.gov.cy/dl  and on the website of EPSA http://www.structuralfunds.org.cy.

For Greek text please visit our website below:
2021 – Cyprus announces two new Employment Incentive Plans


 

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