Republic of the Congo Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from the UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service Congo
Location of debt recovery office in Congo
Number of debt collection staff
How long been operating a debt recovery service in Congo
Cabinet GOMES has been operation for 29 years under Me GOMES. Before, it was known as Cabinet Jacquot et GOMES for over 10 years. Totaling over 30 years of establishment in ROC.
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C) debts?
Cabinet Gomes is able to recover both B2B and B2C debt.
Statute of limitation in Congo
Statute of limitation for commercial Debt is 5 years.
When the debt is civil, the statute of limitation for civil matters applies which 30 years.
How EU (European Union) laws effect debt collection in Congo?
EU law does not apply to ROC. Debt collection is only subject to OHADA law.
How many company registries in Congo for businesses? (i.e. UK just has 1 central registry)
The Commercial Register is organized in one central file with different offices across the country. Theall commercial registries are independent from each other. We count 4 with one in each major city in ROC (Brazzaville, Pointe – Noire, Dolisie and Owando).
General comments regarding the process in Congo for debt collection and how differs from UK debt collection and other European countries:
What is the debt collection process in Congo?
|1. Obtain authorization to temporarily seize assets from the competent jurisdiction (non-adversarial procedure)
||1 – 4 weeks
|2. Operate seizure of asset from Banks or any third party
||8 days maximum
|3. Seek a judicial title from the competent court (adversarial procedure). Process must start within one month of the seizure of assets
||1 – 12 months
|4. Once judicial title is obtained – convert the temporary seizure into seizure attribution.
||8 days maximum
|5. Obtain payment.
||1 – 3 months
Average length of time to collect a debt?
Can late payment fees / interest be added to claims?
Details on legal service / legal process in Congo
The process will involve Lawyers and bailiff services.
Republic of Congo Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Republic of Congo Company Searches which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed.
There are many unique requirements to recovering international debts in all countries including Congo debt collection services which differ from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.