DEBT RECOVERY IN RAS AL-KHAIMAH

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.

CIS establishes partnerships all over the world to provide the best service, and Ras al-Khaimah is no exception. With the debt collection process being quite challenging in UAE, we conduct all necessary research, strategic planning and help B2B companies to recover overdue payments.

Our offices recover the payments from not just in Ras al-Khaimah but in UAE as well. Firstly, we establish the facts about the debtors. Our investigation departments research any additional information about the financial and legal status. After we complete the research, we contact the debtors by any permitted and available means of communication. As a rule, it is required to send a legal notice on behalf of the lender to return the money. Next, we keep communicating with the debtors to settle amicably.

The most important step is negotiation. In Ras al-Khaimah the official language is Arabic, and English is commonly used as well. Our lawyers communicate with the representatives of commercial companies to recover the payments in both languages. We also use various techniques to persuade and to collect. In case of an unsuccessful outcome, we advise our clients on the next possible steps, which could be an initiation of a court proceeding.

There can be many challenging aspects in commercial relations. Debt collection is one of them. For many companies this process can become challenging. That is why the best solution is to outsource an agency, which has a specialty in this particular field. Debt collection agencies ensure that debt portfolio management runs smoothly, and efficiently. It is important to weigh the importance of relationship management with partners in B2B. In CIS DRS we make sure that your company gets proper representation while recovering all your payments.

Our teams of experts provide the services professionally in all parts of the globe. With the help of our established local offices, partnerships, and unique planning we are able to recover the payments for B2B in the most efficient and fair way. Please, contact us via the form below so we can assist you and help you to recover as fast as possible.