Self-employed in Cyprus, what you keep.
Enter what you earn and spend in a year as a sole trader. See your Social Insurance, GeSY and income tax, and what's left for you.
- Social Insurance minimum by category
- 2026 tax bands
- Free, no sign-up
Everything you invoice in a year, before VAT.
What you spend to earn it: software, equipment, a workspace, travel for work.
Your kind of work sets a minimum income for Social Insurance. If your profit is lower, you pay on the minimum.
Your year as a sole trader
- Income
- €50,000.00
- Business costs
- − €10,000.00
- Profit
- €40,000.00
- Social Insurance (16.6%)
- − €6,640.00
- GeSY (4%)
- − €1,600.00
- Income tax
- − €1,952.00
€2,484.00 a month
An estimate for the 2026 tax year, not tax advice. It assumes you're Cyprus tax resident, this is your only income, and you have no exemption, allowance or relief. It leaves out VAT, which you charge on top of your prices once registered.
How the numbers work.
Three charges come off your profit. The table lists each rate, and the minimum income Social Insurance is charged on for each kind of work.
- 01Your profit is what you earn less what you spend to earn it.
- 02Social Insurance is 16.6% of that profit, but never on less than your category's minimum or more than €68,904. GeSY is 4% of profit up to €180,000.
- 03Income tax is charged on the profit after both contributions, band by band. The first €22,000 is tax-free.
| Social InsuranceFrom your category's minimum up to €68,904 a year | 16.6% |
|---|---|
| GeSYUp to €180,000 a year | 4% |
| Professional, up to 10 years (accountant, lawyer, IT, designer, any other)At least €4,192 a year in contributions | €25,255 |
|---|---|
| Professional, over 10 years, or company ownerAt least €8,480 a year in contributions | €51,084 |
| Technician, driver, clerk, craftsmanAt least €4,097 a year in contributions | €24,681 |
| Shopkeeper or cleanerAt least €3,906 a year in contributions | €23,533 |
| BuilderAt least €5,145 a year in contributions | €30,995 |
| Sales or service worker, farmerAt least €2,858 a year in contributions | €17,219 |
| First €22,000 | 0% |
|---|---|
| €22,000 to €32,000 | 20% |
| €32,000 to €42,000 | 25% |
| €42,000 to €72,000 | 30% |
| Above €72,000 | 35% |
Rates checked continuously. Each minimum is the basic weekly earnings of €220.76 times the category's coefficient, over 52 weeks, from the Ministry of Labour. The health contribution comes from GeSY and the income tax bands from the Tax Department.
Self-employed tax, answered.
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Read next
- Self-employed tax in CyprusIncome tax, Social Insurance, GeSY and VAT, in one guide.
- Self-employed or limited company?How to choose, and when to switch.
- Company or self-employed calculatorWhat you'd keep each way, side by side.
- Social Insurance in CyprusRates, categories and the ceiling for 2026.
- How VAT works for Cyprus freelancersRegistration, rates and the return.
- Registering as self-employedGet set up with the Tax Department and Social Insurance.
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