News & Updates

Here is our latest news from Fairfax Cyprus


Fairfax was originally founded in 2005 to meet the needs of its parent company, GRS Global Recruitment Solutions, the leading recruitment consultancy in Cyprus and Malta founded by Donna Stephenson and Steve Slocombe. GRS at this time was operating a payroll processing department to support the payroll of temporary workers assigned to infrastructure projects in Cyprus such as: Larnaca and Pafos airport extensions, wind farms, desalination plants and power generation.

With the appointment of a new Director, Nicoletta Demetriou in 2012, Fairfax quickly grew into a standalone payroll bureau offering managed payroll services to clients of GRS and clients that require a dedicated payroll partner.

Nicoletta is FCCA qualified, a member of The Institute of Certified Public Accountants of Cyprus and ex Payroll Champion of a big 4 firm. Nicoletta specialises in the complexities of payroll and possesses more than 15 years’ experience in running payroll and accounting services in Cyprus.

Today Fairfax provides customised payroll solutions to a variety of SME’s and multi-national companies, from fresh start-ups to internationally recognised organisations.

FY has an ever increasing client base consisting of Clients operating in Cyprus, and continues to grow as more and more businesses recognise the advantages of outsourcing their payroll function to a dedicated and professional provider.

FY prides itself on building long term relationships with the aim to deliver tailored payroll solutions in a professional and timely manner. FY provides all clients with a specific point of contact with whom the client can ask questions (by email or phone) throughout the pay period. If authorised by the Client’s, Nicoletta and her team also field questions and queries directly from their employees.

For further information on our payroll outsourcing services please contact +357 25558025 or email