United Arab Emirates (UAE) Debt Collection Services – 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. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement.
Unlike Western countries, the United Arab Emirates treats debt as a criminal matter rather than a civil one. The result being that if a borrower is late with payments, they can face fines and imprisonment. Even after they are released, the bank may open a civil case against them which can result in further imprisonment.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
- The local cultures
- The best methods of initiating debt recovery letters and processes
- The languages
- The laws
- Are in the same time zones
Herewith details of our debt collection service United Arab Emirates:
Location of debt recovery office in UAE ?
Dubai. All debt collection letters are sent by the local head office
Number of debt collection staff?
8 staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors
How long have you been operating a debt recovery service in UAE ?
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates.
Statue of Limitation in UAE ?
10-15 years to file legal action. 5 years for bounced cheques.
How many companies registries in UAE for businesses (i.e. UK has just 1 central registry)?
1 public court in each of the seven Emirates.
What is the debt collection process in UAE ?
All documents must be in order, debtor company should still be operational. Not allowed to contact family, unless specified in the contract signed. Not allowed to visit private quarters of individuals without a court order.
Average length of time to collect a debt?
Can late payment fees / interest to be added to claims?
Only if specified and agreed to in the contract
Details on legal service / process in UAE ?
All documents must be legally translated into Arabic. Court will first review documents before accepting any case. All legal costs should be paid in advance. Lawyer must be given a Power of Attorney.
United Arab Emirates (UAE) 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 United Arab Emirates (UAE) Credit Reports 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.
United Arab Emirates (UAE) Tracing Agents
Creditreform’s debt collection company service also uses expert local United Arab Emirates (UAE) tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including the UAE which differ from the UK 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 without knowing the laws and the processes required in each country. Using the local international debt collection agency 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.