FairfaxPayroll Ltd

About FairfaxPayroll Ltd

Based in Limassol, this Cyprus outsourcing practice concentrates on payroll, provident fund administration, bookkeeping and accounting for employers of all sizes, from fresh start-ups to well-known multinational groups. Its offer extends to human resources support, an Employer of Record service for foreign companies that want to hire in Cyprus without setting up their own entity, and a contractor payroll product that pays freelancers in more than fifty countries. Client testimonials on the site come from shipping, insurance, logistics, healthcare and financial businesses, several of them internationally owned. The team of accountants, payroll managers and HR specialists is resident in Cyprus, and the director has over two decades of experience in recruitment and payroll outsourcing. The firm does not present company incorporation among its services; its strength is the ongoing finance and people-administration function.

Services

Payroll outsourcing covers salary calculation, bonuses, overtime, PAYE, social insurance and other statutory contributions, payslips and filings with the Cyprus authorities. Bookkeeping and accounting are provided alongside provident fund administration. The Employer of Record offer manages payroll, compliance and HR for staff hired in Cyprus, while contractor payroll handles multi-currency payments and onboarding abroad. HR services include employment-law guidance and salary surveys, and immigration support is mentioned as part of the offer.

• ✕ Company formation: not listed
• ✓ Accounting and bookkeeping: offered
• ✕ Tax compliance: not listed
• ✕ VAT: not listed
• ✓ Payroll: offered
• ✕ Audit: not listed
• ✕ Bank account assistance: not listed
• ✓ Residency and visas: offered
• ✕ Corporate secretarial: not listed
• ✕ Virtual office: not listed