Scheme for Providing Incentives for the Hiring of Unemployed

The Scheme aims unemployment by providing incentives to employers to hire the unemployed. The incentives concern the subsidy of part of the salary cost of the person to be hired, persons who are out of employment at the date of employment and are registered as unemployed in the Public Employment Service (PES), before the date of their employment. Individuals must be citizens of the Republic of Cyprus, or third-country nationals, who are legally resident in the Republic and have free access to the labor market.

The grant ceiling is set at €8,600 per participation in the Scheme.