Discusses the most common methods of payment, such as open account, letter of credit, cash in advance, documentary collections, factoring, etc. Includes credit-rating and collection agencies in this country. Includes primary credit or charge cards used in this country.
Last Published: 7/30/2019

The usual method of payment for business transactions is by letter of credit, with 90-days credit.

Credit rating reports are available through the following firms:

InfoCredit Group Cyprus Ltd.
Address:  Philippou Hadjigeorgiou 5A, Acropolis, Nicosia 2006
Tel.:  +357-22-398000
Fax:  +357-22-458937
E-mail:  info@infocreditgroup.com Rime Information Bureau Ltd.

Address:  8 Vasiliou Voulgaroktonou, Politis Newspaper Building, Nicosia 1010
Tel.:  +357-22-768662
Fax:  +357-22-768660
E-mail:  rimeib@rimeib.com

Argus Information Service Ltd.
Member of Lyssiotis Group
10A Salaminos Ave.
Alexia Court, 2nd Floor
P.O. Box 21176, 1503 Nicosia
Tel.:  +357-22-348042
Fax:  +357-22-348020
E-mail:  janett@cytanet.com.cy
E-mail2:  foulla.ar@cytanet.com.cy

Artemis Bank Information Systems Ltd
Address:  77 Strovolos Avenue , Office 501, 2018 Strovolos, Nicosia
Tel.:  +357-22-454791, +357-99-621168 (cell)
Fax:  +357-22-454786
Email:  achilleas.amvrosiou@artemis.com.cy

InfoCredit Group Cyprus Ltd. and Rime Information Bureau Ltd., also offer debt collection services.
Visa, Mastercard, and American Express credit cards are widely used and accepted.
 

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