Are you looking to recover business debt from clients located in Abu Dhabi? Look no further! Intercol has been in the business of international debt collection for 25 years—so we have the knowledge and expertise to ensure you get paid. We believe it's essential to know about the specific rules and regulations when it comes to dealing with debt collection in Abu Dhabi. That's why we've collected all the information you need to set your repayment strategy in motion.
No matter whether you're a small business, a large corporation, or an individual looking for help with debt collection, using a debt collection agency can be a great option. By turning over this responsibility to an experienced agency like Intercol, you can be assured your money is in good hands. With our team of experts on your side, you can feel confident that your debts will be recovered quickly and efficiently. So if you're looking for the best way to recover debts owed to your business, let's jump right into how Intercol can help!
Debt Collection Laws in Abu Dhabi
When it comes to collecting business debt in Abu Dhabi, the process is complex. Without proper local knowledge and an understanding of the legal rules, you could end up getting entangled in a costly and lengthy court case.
Fortunately, our debt collection agency has been serving clients on the ground in Abu Dhabi for 25 years and knows the local laws like the back of their hand. With our help, you don’t have to worry about navigating any potentially confusing regulations and can instead focus on recovering what’s rightfully owed to you.
Our debt collectors leverage the latest technology for maximum efficiency - from sophisticated software solutions to legal data repositories - and have a deep understanding of bankruptcy laws, preliminary rulings, enforcement orders, appeals processes, and more. Our lawyers are well-versed in debt collection laws in Abu Dhabi as well as all relevant procedures, so you can be sure your receivables are being treated with care.
Don't delay—reclaim what's rightfully yours by utilising the services of our trusted international debt collection agency.
Debt Collection Process in Abu Dhabi
Collecting debt in Abu Dhabi can be a complex process for businesses who lack the knowledge and expertise of local legal requirements. But fear not—with the right debt collection agency, like IBC, you can get the help you need to recover your owed funds.
IBC is a 25-year-old international business debt collector specialised in collecting in the UAE, and we have experience with Abu Dhabi’s specific laws. Our team of lawyers and debt collectors use innovative methods to put together strong cases for our clients.
When you engage us to recover debts from Abu Dhabi, we work with authorities to manage payment plans and settlement agreements between creditors and customers whenever possible. In more serious cases, we will utilise legal action such as court judgments or asset freezing to recover your owed funds.
Our lawyers will ensure that the legal process is followed correctly, ensuring that any action taken is efficient and effective. That's why it's crucial that you don't delay––the earlier you contact us to start pursuing debts from Abu Dhabi, the greater chance of success!
5 Economic Facts About Abu Dhabi
Because of Abu Dhabi’s strategic location and large oil and gas reserves, the economy is now one of the most diversified in the region. Here are some amazing economic facts about Abu Dhabi:
- Abu Dhabi has become a global trading hub due to its proximity to the Arabian Sea, Indian Ocean and Persian Gulf.
- Abu Dhabi exports one of the highest amounts of non-oil products in the world, including fuel, chemicals and precious metals.
- It boasts one of highest GDP per capita in the world, estimated at $55k in 2017.
- Abu Dhabi has a diverse range of industries ranging from technology, tourism, finance and logistics to traditional manufacturing industries such as textiles, food production and construction materials.
- According to a report by Deloitte, tourists coming to Abu Dhabi contributed $9.5 billion (AED 34.8 billion) to its economy in 2016 alone!
This abundance of economic opportunities makes it essential for businesses to have their debts collected in an organised manner instead of waiting for payments that might never come; using our services can help you make sure your outstanding accounts don’t hinder your business operations any longer!
5 Historical Facts About Abu Dhabi
It’s no surprise that Abu Dhabi has a rich history, and here are just a few of the historical facts that make up the city today:
- The Sheikhdom of Abu Dhabi – After the decline of the Portuguese Empire in 1609, Abu Dhabi was established as the Sheikhdom of Abu Dhabi in 1761.
- Pearl Trade – Oil was not found in the region until after 1948, so pearling was traditionally major source of income for those who lived in Abu Dhabi.
- Oil Discovered – Oil was discovered onshore in 1958 and offshore in 1962, leading to rapid development and prosperity for this area.
- Independence from Britain – In 1971, seven states united together to form the United Arab Emirates (UAE), with its capital of Abu Dhabi. The UAE then declared its independence from Britain after two Treaties were signed.
- The Flag – The flag, which depicts four Pan-Arab colours (red, white, green, and black) was adopted around 1971 along with the independence from Britain.
These are just a few of the interesting historical facts about what makes up modern day Abu Dhabi!
Main Industrial Activities in Abu Dhabi
If you’re looking for a debt collection agency in Abu Dhabi, you might be wondering about the main industrial activities in the area. Well, there are a few major industries that dominate the region’s economy.
Oil & Gas Industry
The oil and gas industry is still one of the major players. It has been called the “powerhouse” of Abu Dhabi due to its sheer size and economic significance. Oil production has been declining in recent years but it still accounts for over 40% of GDP and is a major source of employment.
Financial Services Industry
The financial service industry is another important segment in Abu Dhabi, with an estimated worth of over US$18 billion a year. Banking and insurance services form an integral part of this sector, alongside wealth management, asset management, and real estate services.
Tourism Industry
Tourism holds great potential for Abu Dhabi. The emirate is home to some impressive attractions such as Yas Marina Circuit, Abu Dhabi Corniche and Al Ain Zoo. There are also plans to build cultural attractions such as museums that will further attract visitors from around the world to contribute to the local economy.
Manufacturing & Construction Industries
The manufacturing sector has also grown significantly over the last few decades in Abu Dhabi due to increased demand for industrial products and components. Construction is likewise on the rise thanks to large-scale projects such as airports, ports and other infrastructure investments across the entire UAE region.
Using a debt collection agency in Abu Dhabi can help you quickly recover your business debts from these major industries so don't delay—get started today with Intercol!
