20/02/2026
Can You Freeze a Debtor’s Bank Accounts and Assets in Cyprus?
Yes, there is an effective legal mechanism to secure your claim through a freezing order issued by the court.
A freezing order is a powerful interim remedy that allows a creditor to temporarily restrain a debtor from disposing of assets, including bank accounts and other property, pending the resolution of legal proceedings.
To obtain such an order, the applicant must:
• Submit supporting documentary evidence establishing the existence and origin of the debt
• File a sworn affidavit before the court
• Provide a financial guarantee (cross-undertaking in damages) to cover potential losses in the event the claim is later found to be unfounded
Once granted, a freezing order may be enforced against accounts held not only in traditional Cyprus banks but also in various financial institutions and payment platforms, including Revolut, Wise, Unlimit, and others.
We handle these matters in close cooperation with experienced Cypriot counsel, ensuring strategic and procedural compliance at every stage.
If you are facing a cross-border debt recovery issue, we would be pleased to assess your case and advise on the available legal remedies.
