Cyprus has been hit by the European economic crisis, though its economy is slowly recovering so unemployment in 2015 averaged 15.1%.
Unemployment benefits in Cyprus are managed by Social Insurance Services.
In order to be eligible for unemployment benefits in Cyprus, you must meet the following criteria:
Unemployment contributions in Cyprus fall under the general scope of social insurance contributions, which amount to 6.8% for employees and employers, in addition to 4.3% contributed by the government.
Unemployment benefits are calculated to be equal to 60% of the average weekly basic earnings that you paid contributions for in the last year. If you have dependants, the benefits are increased to 80%, 90%, and 100% for 1, 2, and 3 dependants respectively.
There is also a supplementary benefit equal to 50% of the average weekly earnings that exceeded the basic covered earnings, though the maximum amount paid must be less than twice the basic weekly covered earnings.
If you meet the criteria to receive unemployment benefits in Cyprus, take the following steps to register:
Nicosia District Labour Office
3 Mousiou Street
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