Acknowledgement of debt and repayment undertaking (Cyprus)
Published byDocMuse
This document is in Greek
The PDF you download is in Greek — that is the language it has to be filed in, so it is not translated. Everything on this page is here to tell you what it says.
A written statement by which a debtor in Cyprus acknowledges owing a creditor a set sum, and what for, and undertakes to repay it on a schedule with a final date. The creditor accepts it by signing and takes no legal action while the schedule is kept; if two instalments are missed, the whole balance falls due at once. A contract claim is time-barred after six years, and the debtor's written acknowledgement interrupts limitation, which starts running again. No stamp duty is payable.
What you fill in
The details the document asks for.
- City
- Date
- Debtor
- Debtor's identity card or ARC number
- Debtor's address
- Creditor
- Creditor's identity card or ARC number
- Creditor's address
- Amount
- Amount in words
- Basis of the obligation
- As of date
- Schedule
- Due date
- IBAN
Preview
This document is produced for you. Your answers are typed into it and the finished PDF is yours to keep.
Common questions
- How long does a creditor in Cyprus have to sue on a contract debt?
- Six years under the Limitation of Actionable Rights Law of 2012 (Law 66(I)/2012), counted from the breach of contract — for a debt, from the day it should have been paid and was not. After that the debtor can plead limitation and the claim fails. But if the debtor acknowledges the debt in writing before the six years are up, limitation is interrupted and starts again from the beginning, so the acknowledgement is best signed early. Keep the signed copy: time runs again from its date.
- Does the creditor also need to sign an acknowledgement of debt in Cyprus?
- The signature that proves the debt is the debtor's. The creditor's signature as well shows acceptance of the schedule and a promise to take no legal action while it is kept, which turns the acknowledgement into a repayment agreement. No certification of signatures is needed, nor stamp duty, which was abolished in 2026. Each side keeps a signed copy.
- What happens if a debtor in Cyprus does not keep to the repayment schedule?
- If two instalments in a row are missed, the creditor can demand the whole balance at once by written notice, with legal interest. If it is still not paid, the creditor sends a final demand and files a claim in the District Court, where the signed acknowledgement is strong evidence that the debt exists and of its amount. Keep the records of every payment made, too.
How you can sign this document
- Print it and sign by hand. The signature lines in the document are left blank on purpose — sign on them in ink.
- Sign it yourself with a qualified electronic signature. If you already hold a QES — Evrotrust, B-Trust, StampIT, ZealiD or any qualified provider on the EU Trusted List, on a card, a USB token, in a mobile app or in the cloud — our signing guide explains step by step how to sign this exact file without invalidating it. Step-by-step help, and a way to check it worked
DocMuse sells documents, not legal advice. Acceptance always depends on the recipient's rules and your local law.
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