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Cyprus

Please see below for a summary of payment terms in Cyprus and the various industries across which payment term legislation appears. You can also download a summary of all Cypriot payment terms by clicking the button below.

Please click here to view payment terms for the European Union.
Industries Laws Codes Notes
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

LAWS

The Law on Combating Late Payments in Commercial Transactions of 2012 enacts the EU Late Payment Directive (see European Union for details).

  • Government
  • Comm_terms_law
  • Construction
  • Manufacturing
  • Retail_agriculture
  • Services
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NOTES

As at December 2021 Cyprus had not implemented the directive on unfair trading practices in business-to-business relationships in the agricultural and food supply chain (UTP), which was required by 1 May 2021 (See European Union for details).

  • Retail_agriculture

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