When it comes to recovering debt from businesses in Dubai, the process can seem complicated and daunting. But with the help of a professional debt collector, it doesn't have to be.
In this article, we'll give you an overview of how our debt collection service works, as well as some tips on how to maximise your chances of recovering the debt. We'll also give you a brief introduction to the business landscape in Dubai, and some of the main industrial activities taking place there.
So if you're looking for help recovering debts from businesses in Dubai, then please get in touch with us today. We have over 25 years of experience in this field, and we're confident that we can help you get the money you're owed.
Understand the Legality of Debt Collection Services in Dubai
When it comes to debt collection, Dubai has specific laws that must be followed in order to ensure the best possible outcome for all parties involved.
This is where our team of experienced professionals can help. We understand the intricacies of local law and will work diligently to help you recover your debts. We're also experienced in international debt collection, so we can help you no matter where your debtor is located.
In short, we can offer you a comprehensive suite of debt collection services that are fully compliant with Dubai law. We'll work quickly and efficiently to get the money you're owed—and we always operate within the bounds of the law.
Steps Involved to Recover Debts in Dubai Using our Agency
When it comes to recovering business debts in Dubai, our international debt collection agency can help. We have years of experience in the field, and our team of experts knows the ropes when it comes to recovering money owed.
We understand that every situation is unique, so we take a tailored approach to debt collection. We'll start by conducting a review of all the relevant documentation and assessing the risk involved. We'll then develop a plan of action that's tailored to the specific situation and the creditor's needs.
The process of debt collection in Dubai can be complicated, but our team is well-equipped to handle it. We have a comprehensive protocol that includes document review, risk assessment, and course of action. We'll work tirelessly to get the money you're owed and protect your interests every step of the way.
Five Economic Facts About Dubai
Did you know that Dubai is one of the wealthiest cities in the world? Or that it has a thriving tourism industry? Here are five economic facts about Dubai that may surprise you:
- Dubai is home to some of the most expensive real estate in the world.
- The city has a thriving tourism industry, with millions of visitors each year.
- Dubai is a major centre for finance and trade.
- The city is a leading global centre for luxury brands.
- Dubai has one of the world's fastest growing economies.
Five Historical Facts About Dubai
When it comes to recovering a debt in Dubai, there is some great information that you should be aware of. To begin with, here are some interesting historical facts about the region:
- The beginnings of Dubai go back to the 18th century when it was inhabited by nomadic Bedouins and pearl divers.
- In 1833, Dubai became part of the Al-Makhtoum dynasty who ruled until the late 1950s.
- The establishment of an oil industry in the 1960s was a major factor in transforming Dubai into an economic powerhouse.
- In 1971, the United Arab Emirates were created and Dubai became one of the seven states with Sheikh Rashid Bin Saeed Al Maktoum as their leader.
- In 1986, Dubai adopted its own constitution, replacing tribal law and eventually allowing for free-market principles to take hold and for economic growth to occur at an unprecedented rate.
Whether your debt originated before or after these key dates in history is important information because it can affect how your business debt collection agency approaches debt recovery in this region. Our team of experienced UAE debt collectors are specialists when it comes to recovering debts and understanding local customs and laws that apply to your overdue accounts, so you can be sure your business will get back what they are owed – quickly and professionally!
Industrial Activities Driving the Economy in Dubai
When it comes to the economy of Dubai, it's impossible to ignore the industrial activities driving it. These activities range from oil and gas exploration, to manufacturing, tourism and services.
Oil & Gas Exploration:
Dubai's oil industry dates back to the late 1960s, with major oil and gas operations commencing in a big way in 1971. The sector is still at the forefront of Dubai's economy, accounting for over 70% of its GDP.
Manufacturing:
Manufacturing in Dubai has experienced dramatic growth over the past few decades, enabling the emirate to become a global leader in areas such as computer component manufacturing, metal refining and petrochemicals.
Tourism:
The emirate has become one of the world’s fastest-growing tourist destinations thanks to its state-of-the-art hotels and resorts, world-class beaches and shopping malls. Tourism is now one of Dubai’s biggest sources of income and one of its most important industries.
Services:
Dubai has also become a major centre for business services such as finance, trade and transportation. In fact, services are now responsible for over 25% of Dubai’s total Gross Domestic Product (GDP).
To ensure your debt collection success in Dubai requires an experienced international debt collector you can rely on - like Intercol! With 25 years of experience behind us, our expert debt collectors will follow up on all your unpaid overseas accounts quickly and successfully.
Choose an Experienced Debt Collection Agency for Fast Results
When you're looking for a debt collection agency, it pays to go with those who have experience. Intercol has been operating as a commercial debt collection agency for more than 25 years and specialise in international debt recovery services. We have a team of multilingual debt collectors who are native to the countries they work in, so they understand the cultural complexities and nuances. Our debt collectors are highly experienced and work quickly, with an average recovery time of 20 days.
In addition to our experienced team, we use an advanced debt collection software with features like mass emails, letter automation and text messaging capability. Our software is easy to use and allows us to import any type of portfolio in minutes, send notifications in 24 languages and provide live online access to our debt collection notes and full financial reports. Plus, our client area is equipped with charts for easy tracking of your accounts receivable performance.
Choosing an experienced debt collection agency like Intercol gives you the confidence that your debts will be recovered quickly and efficiently. With our 25 years of industry experience, we guarantee that you'll get fast results without compromising on quality or professionalism.
Conclusion
It's important to remember that even if the collection process can be difficult, it's always worth trying to recover debts. That's where a company like Intercol can help. We have over 25 years of experience in the industry, and we're experts in international debt recovery services. So whether your debt is located in Dubai or elsewhere, we can help you get the money you're owed.
