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Fairfax Joins the Cyprus Payroll Management Association (CPMA)

Fairfax, our specialist outsourced payroll, bookkeeping, accounting and HR services firm, is proud to announce its recent membership to CPMA – Cyprus Payroll Management Association.

About CPMA

Founded in 2019 by a number of recognised industry professionals, CPMA aims to study, research and train members in the payroll management sector. Areas of specialisation include taxation, social insurance, human resources, as well as other labour issues directly related to payroll.

In addition, the association aims to promote suggestions in laws, regulations and good practices in cooperation with relevant state authorities and bodies.

About Fairfax 

Fairfax is a well-established firm with a strong presence in Cyprus. Since its inception in 2014, the company has gone from strength to strength, offering high-quality, cost-effective outsourced services for local and internationally-renowned businesses with a presence in Cyprus.

Combining the latest tools and in-depth expertise, the team at Fairfax works meticulously to ensure all clients’ needs are met with in a professional, accurate and flexible manner.

Benefits of the Membership

The membership with CPMA will reinforce the quality of Fairfax’s specialist services, ensuring they gain access to immediate information on publications related to laws, bills, regulations and other information associated with payroll.

What’s more, by partnering with CPMA, Fairfax will have continued access to comprehensive information when dealing with payroll issues. This will enable the firm to contribute constructively to the formation of long-term development conditions in the payroll division, which will, in turn, provide added value for customers.

The goal of this collaboration is to equip Fairfax with all the tools it needs to continue offering state-of-the-art outsourced services. Through this collaboration, the team at Fairfax will benefit from the support and guidance of CPMA, giving them a wider range of solutions to various issues related to the payroll management sector.

Further, Fairfax will be better positioned to enhance their professional knowledge of the sector through various educational events, seminars and committees organised by CPMA.

Benefits of Outsourcing

With HR and payroll regulations constantly changing, these processes can be a time-consuming and complex endeavour, particularly since critical amounts of data must be meticulously input.

Penalties for errors, omissions or late filings can be extremely costly, while mistakes can often lead to audits and fines – something no business needs or wants.

Outsourcing payroll and other functions allows employers to focus on their core areas of business, which immediately frees up valuable time.

The Fairfax team remains on hand to assist any company in establishing their personnel from day one. All team members possess exhaustive knowledge of ever-changing government and employment rules and regulations, ensuring clients remain up-to-date with any complex changes in compliance, legislation or employment law.

If you would like to learn more please contact Fairfax on +357 25558025 or email