Debt collection can be a complicated process for many businesses in many regions of the UAE and worldwide. Especially in Ras al-Khaimah, which is considered as one of the business centers. With many companies establishing and developing fast, it may be difficult to keep track of all the financial transactions. In the Middle East one of the most common structures is B2B
In general, in Ras al-Khaimah the process of debt recovery has 2 options: amicable settlement or court settlement. While 2 procedures are being equally efficient, the amicable settlement of payments is still considered the most common one. Companies, as a common practice, would like to keep their business relations with partners and recover what is owed at the same time. In order to complete such a task, it is necessary to outsource an agency, which can provide help in this situation.