Top-Rated Debt Collection Agency in Cyprus
Fast and reliable debt collection in Cyprus - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.

Recover your debt in Cyprus easily.
Debitura focuses on debt recovery services in Cyprus with a team of skilled professionals providing a range of comprehensive solutions such as accounts receivables management, pre-legal and legal debt collection, debt collection notices, and enforcement court proceedings. We possess extensive knowledge of debt collection laws and regulations in Cyprus, enabling us to offer efficient and effective debt recovery solutions to businesses.

We provide unwavering support throughout the entire debt collection process.

Tailored collection approach.

We have a team of over 500 experts specializing in international debt collection.

Our remarkably low-priced debt collection service boasts an impressive success rate of 87%.
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Efstathios C. Efstathiou LLC is a leading multi-disciplinary set with a proud reputation of being professional, approachable and modern. The Firm is distinguished for its entrepreneurial and pragmatic approach, international perspective and unparalleled legal practice.
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Legal insight. Business instinct.
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Lyudvig Davtyan Law Office is an Armenian based legal entity with a mission to meet the special and complex needs of clients. Our enthusiastic team and professional alliance offer wide range of legal services both in Armenia and abroad.
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C. Mavrocostas & Co. LLC is a commercial law firm specializing in Contract Law, Banking Law, Debt Collections, Company Law, Insolvency Law, Land Law and Employment Law.
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The company is a well known legal office for the last 25 years specializing on debt recovery.
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Full Service Law Firm
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Lazarou & Antoniou is law Firm based in Cyprus and offers a Full Range of Legal services!
The ultimate guide about debt collection in Cyprus
Do you have a money problem with a business or customer in Cyprus? We can help you! We have helped hundreds of other businesses get their money back from people who owe them.
Getting your money back from someone who owes you in Cyprus might seem impossible, but we can help. Language and cultural barriers, foreign laws and customs, and sheer distance all impose serious challenges, but we know how to handle them.
When you use our collection agency, we will help you get your money back from the debtor quickly and efficiently.
At Debitura, we always put people first. This means that we do everything we can to get your money back while still preserving a good relationship with your customer. Our strategic public relations efforts are fair, but firm-ensuring your reputation is our top priority! If you want to collect the debt yourself and you want to understand the Cypriot debt collection process from start to finish, continue reading this guide. If you prefer working with a local law firm that specializes in debt recovery in Cyprus, we are here to help.
Debitura helps you to get your money back from someone who owes you money. You can start by uploading your claim. We will look at it and give you three different options within 24 hours. We use both people and technology to get results and manage contact with customers. This combined approach gets the results you need while preserving customer relationships. Additionally, our network of debt collectors, attorneys, suppliers, and vendors are all valuable relationships that help us get the job done. We appreciate all of these relationships, no matter how big or small they may be.
Upload claim
Sign up for our free debt collection service in Cyprus today. Simply create a profile and upload your case in just 2 minutes to start collecting your debt.
Pre-legal
During the first 3 months, we'll use our effective pre-legal recovery procedure to recover your debt. Our no-cure-no-pay policy guarantees 100% risk-free service.
Legal
If your claim remains unpaid during the pre-legal phase, we will offer you three quotes from our nearby debt collection attorneys.
24/7 updates
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Cyprus
Do you have trouble getting paid by your customers in Cyprus? We can help you get the money you're owed. The person who owes the debt is called the debtor, and the person who issued the debt or invoice is called the creditor. If the creditor collects the debt himself, this is called first-party collection. If the creditor hires someone else to collect the debt, this is called third-party collections.
The debt collection process in Cyprus
The debt collection process in Cyprus is usually done in several steps.
The image below explains our standard process for collecting debt in Cyprus:

1 Upload your claim:
Unless you want to get your money back yourself, you will start by finding a company to help you. You will give them information about the money you are owed, and they will try to get the money for you. If you use Debitura, we will give you three different companies who might be able to help, and it is free.
2 Amicable collection:
The collection process usually starts with sending reminders to the person who owes you money. This is called a campaign. The reminders go through email, SMS, letter, and other ways in the specific country. The goal is to get the debtor to pay or say that they will start paying soon. Debitura offers a no-cure-no-pay solution for amicable collection, which means you only pay if we are successful in getting the debt paid back to you. Amicable collections with Debitura are therefore 100% risk-free!
3 Evaluation:
If the person you are trying to get money from has not paid you after you talked to them, it is time to look at what to do next. We will look at how much money you are trying to get, how likely it is that they will pay you and other factors. This will help us decide what the best next step is. There are three typical next steps:
A: Surveillance:
If your claim is below 2,000-5,000 Euros, it is not worth it to take further legal actions. In this case, we recommend "debt surveillance." This means we will keep trying to contact your debtor and try to negotiate an agreement that is fair for both sides.
B: Legal collections:
We suggest that if you have a big problem that needs legal help, you should start a legal process. The way it works depends on what kind of problem you have and how big it is. Usually, it takes around a year and a half to finish the process.
C: Debt enforcement:
If the person you are asking for money from has said that they owe you money, or if there is a court order saying they owe you money, you can go to the bailiff's court to get the money.
At Debitura, we can help you with all three steps in Cyprus.
Amicable collection in Cyprus
At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. This means that you can submit your claim to us, and we will get started within 24 hours.
We will reach out to your debtor through all available channels in Cyprus. This includes e-mail, SMS, letters, calls and social media.
The goal of this process is to:
A) To get the person who owes you money to pay the full amount
B) To get the person who owes you money to agree that they owe you money and start a plan to pay it back
If the person you are trying to get money from has disputed your claim, you cannot try to resolve it peacefully. You must start with legal collections.

Get started with
amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
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Legal collection in Cyprus
If the other person hasn't paid you back during the first stage or they say they don't owe you money, we will give you 3 free quotes from our local debt collection attorneys. In the next stage, our local attorney will talk to the person who owes you money and try to get them to agree to a payment plan. Our partners can also go to court and get a payment order from the legal system in Cyprus. This payment order can then be used to make the person who owes you money pay you back.
If the other person hasn't paid you back during the first stage or they say they don't owe you money, we will give you 3 free quotes from our local debt collection attorneys. In the next stage, our local attorney will talk to the person who owes you money and try to get them to agree to a payment plan. Our partners can also go to court and get a payment order from the legal system in Cyprus. This payment order can then be used to make the person who owes you money pay you back.

Get started with
legal debt collection
Upload your claim and get 3 FREE quotes from our local collection partners.
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Debt enforcement in Cyprus
If you have a written acknowledgement of your claim by the debtor or a court order, you can go to the bailiff's court in Cyprus to get your claim enforced.
The process and how much it costs depends on your case. You can upload your case to Debitura. They will give you 3 different quotes within 24 hours.

Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
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Insolvency proceedings in Cyprus
The final stage you can initiate if your debtor cannot pay his debts is an insolvency procedure. The goal of this procedure is to liquidate, or get rid of, the debtor's assets and give them to the creditors following the debt priorities.
The analysis is concluding that the risk of running a business in Cyprus is medium-low. Based on this medium-low score, we recommend being careful providing credit and considering charging upfront payment or using credit insurance when trading if you don't know the customer in Cyprus well. If possible, provide a short credit period or even better upfront payment. The medium-low risk score is based on the following factors:
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The economic risk in Cyprus
Our analysis shows that the economic risk in Cyprus is medium-high (4 out of 6). An economic risk of 4 out of 6 is relatively high in Europe.
GDP and economic growth are critical drivers for economic risk.
The GDP of Cyprus is 27,72 bn. USD (2021), growing by 5,51% per year.
In terms of the size of its economy, Cyprus ranks #99 out of 183 countries and has a medium-sized economy.
In terms of growth rate, it is ranked #71 out of 183 countries and is therefore considered a fast-growing economy.
GDP per capita is 30798 USD, ranking Cyprus number #31 out of 183 countries. The result of this is purchasing power of citizens in Cyprus is high compared to the rest of the world.
You get a more detailed idea of GDP and economic growth in Cyprus in the table below:
Another critical driver for the economic risk score is the inflation rate and the interest rates. You get a more detailed idea of monetary KPIs in Cyprus in the table below:
The inflation in Cyprus was 2,4% in 2021 which is considered a low inflation rate.
The business environment risk in Cyprus
Our analysis shows that the business environment risk in Cyprus is low (2 out of 6), which is a pretty average risk score in Europe.
Economic freedom and rights determine the business environment risk in a country. You can see the critical facts for Cyprus in the table below:
As you can see in the table, the property rights index is 79 in Cyprus, which is considered quite good in Europe.
The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 76 in Cyprus, a quite average score for a country in Europe.
Cyprus's overall economic freedom index is 71 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Cyprus
The political risk in Cyprus is very low, with a score of 1/6. This is a low political risk score in Europe.
The governance and political stability indicators are critical drivers for political risk. An overview of Cyprus can be seen in the table below:
The rule of law index analyses to which extent agents have confidence in and abide by the rules of society, in particular the quality of contract enforcement, property rights, the quality of the courts, and the police's ability to enforce court orders.
When doing business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Cyprus, the rule of law index is at 0,64 points, with the score going from -2.5 (weak) to 2.5 (strong). Cyprus has, therefore, a high rule of law index, which means you should have a good chance of enforcing your contracts. If your individual customers have good creditworthiness, you should therefore feel relatively safe when providing credit.
Other drivers for the very low political risks are the weak control of corruption, the weak political stability index, and the large shadow economy that is 32,2% of Cyprus's GDP.
The commercial risk in Cyprus
In Cyprus, the commercial risk score is 3/4, which in our model is a medium score. This medium commercial risk score is pretty average compared to the average in Europe.
The commercial risk is influenced by a country's international trade relationships. You can see some of the key facts for Cyprus in the table below:
Cyprus has a total of foreign exchange reserves of 1.61 bn. USD.
Cyprus has a positive trade balance of 1,07% of GDP. This means that Cyprus imports fewer goods and services than the country exports.
The annual growth of exports of goods and services has been growing 13,99% annually - now 81% of GDP. Import of goods and services represents 79,94% of the GDP in Cyprus.
The financing risk in Cyprus
We have calculated the financing risk to be 3/4, which equals a medium risk. A medium financing risk score is relatively high for countries in Europe.
The country's banking system, efficiency, and stability influence the financing risk. You can find the critical facts for Cyprus in the table below:
In Cyprus, the credit information sharing index is 5 on a scale from 0 (low) to 8 (high). The result of this is accessibility and quality of credit information available in Cyprus is medium.
This makes it not that easy for you to understand the credit risk of your counterpart in Cyprus. Unless you have found a good source for credit ratings or know your specific customers well, we suggest charging payment upfront or using credit insurance.
Your rights as a creditor are 7 out of 12 and, therefore, medium.
Debt Collection in Cyprus - Frequently Asked Questions (FAQs)
Debt collection in Cyprus typically involves sending reminders to the debtor through email, SMS, letter, and other ways. If the debtor does not pay, the creditor can seek legal assistance. The debt collection process includes uploading the claim, amicable collection, and evaluation. Surveillance may be recommended for claims below 2,000-5,000 Euros, while legal collection is suggested for bigger problems. Debt enforcement is an option if a court order exists. Debitura can help with all three steps and offers a no-cure-no-pay solution for amicable collection.
The debt collection process in Cyprus typically involves three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves contacting the debtor through various means to request payment. If unsuccessful, legal action may be taken depending on the amount owed. Finally, if a court order is obtained, debt enforcement can be pursued through the bailiff's court. Debitura can assist with all three steps in the debt collection process in Cyprus.
Legal options for debt collection in Cyprus include civil lawsuits for disputed debts and debt enforcement and insolvency proceedings. It is necessary to hire a local lawyer for legal actions. Our local debt collection attorneys can provide you with 3 free quotes and negotiate a payment plan with the debtor. A payment order from the legal system in Cyprus can also be obtained to force the debtor to pay. If all else fails, an insolvency procedure can be initiated to liquidate the debtor's assets to repay creditors.
The cost of debt collection in Cyprus varies depending on your specific case and desired actions. Debitura offers a no-cure-no-pay model for pre-legal collection with a success fee between 10-20%. For legal actions, the price varies, but Debitura can provide you with 3 quotes from the best debt collection lawyers in Cyprus.
The duration of debt collection in Cyprus depends on the specific case and the debtor's willingness to cooperate. In cases that can be resolved in the pre-legal phase, the process usually takes 3-6 months. However, if legal action is necessary, the collection process may take longer, averaging 12-18 months. This timeframe largely depends on the complexity of the case and the legal procedures required.