Debt Collection in Cyprus

Do you have a Cypriot consumer who doesn't pay invoice for your company?

In Cyprus the trade community and laws vary from those you are used to, which often complicates debt collection in Cyprus. 

Our debt recovery attorneys have the means to make restitution to your creditors. We'll do our best to raise the funds from the moment you turn the debt recovery matter over to us.

We, a debt recovery law firm, have knowledge and practice at our fingertips to help you with your list of corporate debts in Cyprus.

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1.1 Call the debtor to inquire why your invoice has not yet been paid; provide a note immediately; provide a clear description of the invoice in your reminder; and mention a payment period of a certain number of days in this reminder.


2.1 Our Greek and Turkish debt recovery experts have detailed knowledge and experience for Cyprus laws and regulations. Furthermore, they are fully conscious of business traditions and culture, which makes it easier for your Cypriot debtor to make quick payments.


3.1 Our attorneys know both the language and Greek as well as Turkish, helping them to easily overcome language barriers.


4.1 Our company debt recovery strategy is customized to every single case, and we provide tailored advice to you.


5.1 We will always offer our honest advice on the likelihood that your debt recovery will be successful. It is vital to us to place your needs first; we are endeavoring to provide you with your choices and guidance on the best route to take. It is clear to see how we are upholding our core values of honesty and fairness.


6.1 You should split the debt collection phase in Cyprus into two phases. Selection takes place during the extrajudicial process, without the involvement of the Court. They do include the Court during the legal process in order to make the Cypriot debtor compensate. Many issues are resolved in Cyprus during the extrajudicial process, with no interference by the Court.


7.1 In theory we often continue with the extrajudicial step of the debt collection cycle. We are trying to prevent Court interference at this point, as this can be expensive. We'll call your debtor in Cypriot to seek reimbursement.

7.2 For specific cases, we'll even communicate with your Cypriot debtor in a face-to-face chat. If the debtor fails to pay within a specified period of time we will launch legal proceedings on your order. The declaration of legal proceedings also persuades the customer to compensate.

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Collect Debt Based in Cyprus


8.1 If your Cypriot debtor refuses to pay during the extrajudicial process, we can go to Court in Cyprus after negotiation with you.

We will always send you preliminary details about the likelihood of success in your debt recovery case.

We will also remind you of the potential costs in advance, and will only continue with your permission.

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European order for payment proceedings

In the case of an uncontested dispute between two parties located in EU Member States (except Denmark).

European Order for Payment proceedings may be initiated.

In your situation, the prosecutor who manages your case will decide whether this kind of action is acceptable.

The claimant typically filled out a standard form for EU Order for Payment procedures and submits this to the Tribunal.

Instead, the Court issues a Community Transaction Notice.

The debtor then has 30 days to decide whether they object to the charge. If no response is obtained within the 30-day span, you can require the Court to finalize the payment order (called a "declaration of enforceability"). This decision is true and enforceable and is recognized in any Member State (except for Denmark).

The EU Payment Order is never useful for contested issues (so not in situations where there is a disagreement over the invoice).

The benefit of this process is flexibility and low cost (some Member States don't even impose a court fee), but the drawback is that if it gets challenged, the case stops, and if the claimant wants to continue, a regular civil action will have to be launched.

Debt Recovery in Cyprus. Fast.

Our business debt recovery methodology is customized to every single instance, so that we can provide objective advice to you.
We will always give our objective advice on the likelihood of your debt recovery being successful.
It is essential to us to place your interests first; we aim at providing you with your possibilities and suggestions on the best path to take. It is clear to see how we are pursuing our fundamental values of integrity and justice.

Collect a Debt In Cyprus

What To Do When Your Cypriot Customer is Not Paying

- Contact your customer and demand why no payment has been and when exactly it will be.
   Always request the payment copy sent to you.
- Are you not able to solve the problem with your customer? Send them a certified letter requesting immediate payment.
- Be conscious that with ambiguous payment terms or arguments, your Cyprus debtor may try to gain additional time.
Persevere, be direct and never postpone.
- In Cyprus, a payment period of three to seven days is normal

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Our Cyprus debt collection experts have comprehensive experience and perspective of Cyprus laws and policies.
Therefore they are perfectly aware of Cyprus' trading values and traditions.
Which makes it easier for your Cyprus debtor to quickly make payments.

Debt Collection Law Cyprus

Debt Collection Law Cyprus

Contact Us and Get our comprehensive article about how to collect a debt in Cyprus, using the amicable and legal options. This is best debt collection guide on Cyprus your will ever find.

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Because we can start collecting today.  Our technology enables us to give you best in class collection services so we can locate the individual debtor quickly,  and get you paid today.

How to Collect A Debt in Cyprus

Collect A Debt in Cyprus using our local Network

We follow your instructions at all times and ensure regular communication with you via collection reports, recommendations regarding debtor payments, payment plans and, where necessary, repossession and Court proceedings.

Debt Collection Process in Cyprus

We have prepared for you a comprehensive article about how the debt collection process works in Cyprus.
See the country report on our Blog:

Debt Recovery in Cyprus