DEBT RECOVERY IN FUJAIRAH

Debt management is widely common worldwide. The key goal of this process is to recover the debts for the services or goods provided. For many companies, especially those who operate in the B2B sector, it is crucially important to recover the payments. In the Middle East, the debt collection process may not seem quite challenging but it requires special attention and expertise. CIS DRS provides services for debt management and recovery in all the states of the UAE, including Fujairah.

In Fujairah, where a lot of B2B companies are based, the process of debt recovery is the same as in all states of the UAE. For all companies based in the UAE, there is a system of law, which regulates the time frames and other requirements, and the system of punishment. All the companies have two choices: amicable settlement, or debt recovery through the trial settlement. In practice, the majority of companies in Fujairah tend to choose the 1st option. In CIS DRS we consult businesses on debt recovery to choose the most suitable course of action.

The debt collection process in Fujairah could be quite complicated and takes time. Especially in B2B it may be complicated to collect payments and keep business relations between companies sustainable. In commercial relations businesses tend to outsource an agency, which is able to provide necessary services for debt recovery.

In general, the process of debt collection in Fujairah is not complicated, however, there could be some difficulties. Our teams of experts in CIS DRS ensure that this process runs fast, fair, and smoothly. Our teams always try to reach an amicable outcome for each client. We start with strategic planning and consultation for possible outcomes. In the beginning, our investigation teams help to find additional contacts and the solvency status of debtors. In our debt management strategy, we provide negotiations, management services, and settlements in an amicable manner.

There are several challenges commercial companies face in Fujairah, and debt collection is one of them. To help with the payments from debtors the best solution is to outsource an agency. With their help, your business can recover the money in the fastest and safest way possible. Instead of taking the matter to courts, which would require extra resources, debt collection agencies could provide you with better results.

We understand all the specifics and complications that could arise while returning the funds in not just Fujairah, but in the UAE in general. The debt collection lawyers from CIS DRS have established partnerships and relations in all regions of the Middle East. With those connections, we understand and monitor all local business practices, financial status for each debtor to work out the best solution for your business. For more information, please, do not hesitate to contact us via filing the form below.