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How to Instruct Us
We simply require the following details:
Full name & address of the debtor
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s)
Amount owed (Invoice(s) or Statement will help)
Or ask us to call you – just leave us your details:
Albania Debt Collection – No Win No Fee
Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter template to introduce their involvement.
Albania has a population of over 3 million whose ethnic groups are Albanian 82.6%, Greek 0.9% and the others include Macedonian, Montenegrin, and Egyptian. Albania joined NATO in 2009 and became an official candidate for EU membership in 2014.
The Real Gross Domestic Product (GDP) for Albania is 2023 is estimated at $49,592 billion (compared to $47,943 billion in 2022). The GDP per capita rose from $17,300 in 2022 to $18,100 in 2023. The main export commodities are garments, footwear, iron alloys, electricity and crude petroleum.
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows:
The local International Debt collection Partners know:
The local cultures
The best methods of initiating debt recovery letters and processes
The languages
The laws
Are in the same time zones
Herewith details of our debt collection service Albania:
Location of debt recovery office in Albania?
Tirana. All debt collection letters are sent by the local head office.
Number of debt collection staff?
23 staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response result s from debtors.
How long have you been operating a debt recovery service in Albania?
We have been operating a European debt collection service on a no win no fee basis in Albania since 1994. Albania is included on our debt collection agency list.
What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)?
We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates.
Statue of Limitation in Albania?
According to the Albanian law, the statute of limitation period for the recovery of debts is 10 years.
Albania civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Albania is 10 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to prove exceptional circumstances.
How EU (European Union) laws effect debt collection in Albania?
The EU laws do not affect debt collection in Albania.
Albania signed a free trade agreement (FTA) with the European Union (EU) in 2006 and this has been enforced since 2009. Albania is also part of SAA (Stabilisation and Association Agreement). Albania is currently negotiating for EU accession. Albania is on the current agenda for future enlargement of the European Union (EU). It applied for EU membership on 28 April 2009, and has since June 2014 been an official candidate for accession.
How many companies registries in Albania for businesses?
There is 1 company registry in Albania which is called National Business Center (Qendra Kombetare e Biznesit) located at Boulevard “Zhan D’Ark”, Property no.33, Military House, Tirana which is available in Albania and English languages.
We have access to Albania Company Registry searches to find out further background information on all Albania companies to assist in our debt collection efforts.
What is the debt collection process in Albania?
Generally, the debt collection process in Albania includes two stages:
The out of court procedures (i.e. written debt recovery letters warning to the debtor, phone calls and/or meeting with the debtor for payment of the debt) and
Court procedures, in case the out of court procedures result unsuccessful.
The debt collection process is performed through debt collection agencies or lawyers who act in the name of the creditor toward a fixed fee or percentage of the total amount recovered.
Average length of time to collect a debt?
The out of court procedures for B2B debt collection may last approximately two - three months.
The court procedures in first instance court may last from 6 to 8 months. The first instance court’s decision is not final and enforceable in case is appealed by any of the parties to the Court of Appeal.
The examination by the Court of Appeal would take place approximately (1) one-year time from the filing of the appeal. The decision of the Court of Appeal is final and enforceable. The parties can appeal against the decision of the Court of Appeal to the Supreme Court. However, the appeal does not suspend the enforcement of the decision unless specifically decided so by the Supreme Court.
Normally, the enforcement procedures of the court’s decision may last from 4 to 6 months.
Can late payment fees / interest to be added to claims?
Yes, fees can be added for Albania debt collection cases according to local law.
The Central bank interest rate for Albania is 3% (as per date of last change on 3 July 2024).
Litigation in Albania
Our legal services during the legal process consist in representation of the creditor in all levels of Albanian courts. We, without being limited to, prepare and submit lawsuit, submissions, motions, evidences and appeals if necessary. We assist also during the enforcement procedures of the court’s decision.
The legal process takes effect by filing the lawsuit against the debtor and the relevant evidences with the first instance court.
The court serves the lawsuit and the evidences of the creditor to the debtor, who should submit its statement of defense and evidences against the lawsuit within a maximum term of 30 days, from the date the lawsuit has been served.
The case is heard by the court through a normal trial. It is standard practice for the court to appoint an independent financial expert for the calculation of the debt value, interests and costs.
During the court procedures, the creditor may require as securing measure seizure of the debtor’s movable or immovable assets prior the court renders its decision on the merits.
High Claims Court in Albania
The High Court of Albania are the Supreme Court which consists of 19 judges, including the chief justice and the Constitutional Court which consists of 9 judges, including the chairman. The Albania judge selection and term of office involves the Supreme Court judges being appointed by the High Judicial Council and the appointments of the Constitutional Court judges are rotated among the president, Parliament, and Supreme Court.
Small Claims Court in Albania
The subordinate (lower / small) courts in Albania consists of the Courts of Appeal and Courts of First Instance.
Do documents supplied to the court need to be translated?
Yes, all documents need to be translated into Albanian. The translation of the documents should be made by a sworn translator recognised by the Ministry of Justice of Albania and should be certified by a Notary Public in Albania.
National Sources of Law in Albania
Recognition and enforcement of foreign awards in Albania is regulated by:
The New York Convention
Law no. 8116, dated 29 March 1996, the ‘Civil Procedure Code’ as amended.
Date of entry into force of the New York Convention
The Convention on the Recognition and Enforcement of Foreign Arbitral Awards (aka New York Convention), was adopted by a United Nations diplomatic conference in 1958. The date of entry into force for Albania was on 27 June 2001.
Albania Business Credit Reports
Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide freshly investigated Albanian business credit reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed. There are over 160,000 active companies in Albania and more than 48,000 Albania companies which operate in retail and wholesale trade alone. Liability for business debts is determined by legal structures, which may be described as follows for Albania:
Sh.p.k. (Shoqëri me përgjegjësi të kufizuar): ≈ Ltd. (UK); a business entity established by one or several natural or legal persons;
Sh.A. (Shoqëri Aksionere): ≈ PLC (UK); a company whose capital is divided into shares signed by its founders;
Shoqëri komandite: ≈ limited partnership; the liability of at least one partner is limited to the value of their contribution;
Shoqëri kolektive: ≈ general partnership; the liability of the company's partners before its creditors is unlimited;
Degë: ≈ subsidiary; entities created by a parent company that carry the same legal presence as the company;
Zyrë e përfaqësimit: ≈ representative office; business offices where a company's activities can operate from that are not intended to generate revenue.
Albania Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local Albania tracing agent services to locate any absconded debtor. This debtor tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Debt Recovery Experts
There are many unique requirements to recovering international debts in all countries including Albania debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Albania Debt Collection Partners in the following Albania Countries
Who are the main trading partners for Albania?
Which countries border Albania?
Albania is bounded by Montenegro to the northwest, Kosovo to the northeast, North Macedonia to the east and Greece to the south.
What is the legal system in Albania?
The Albania legal system The Civil Code of the Republic of Albania, 1991 which is based on Napoleonic Civil law.
What is the name of the Government Gazette in Albania?
The Gazette in Albania is the Fletorja Zyrtare (Official Journal)
What is the Supreme Court in Albania?
The supreme courts for Albania are:
Constitutional Court of Albania
Supreme Court of Albania
Albania Payment Methods
The most common payment products in Albania are Mastercard, Visa and American Express.
Albania Debt Collection Agency FAQs
1. How does a Debt collection agency in Albania recover overdue debts?
The debt collection process is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Albania as the debtor now has to resolve the debt and can no longer hide or provide lame excuses.
2. How long does the debt recovery agency in Albania take to process a case?
The debt collection case will be processed immediately up receipt and a letter sent normally by email and post. You will receive an automated confirmation by return.
3. What is the success rate for debt collection agencies in Albania?
The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable.
4. Does the debt recovery agency in Albania operate a No Win No Fee debt collection?
We take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered.
5. Why use a local debt recovery agency Albania?
The reasons for using a local Albania debt collection agency than processing from a different country is the debt collector in Albania speaks the local language, knows the local laws and operates in the same time zones.
6. Are there any debts too old or too small for Albania debt collection?
We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Albania debt collector.
7. How do I instruct the debt collectors in Albania?
Instructing the debt collectors Albania is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated.
8. What evidence do I need to provide when instructing the Albania debt collector?
When instructing the debt collector in Albania just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process.
9. Who does the debtor pay?
In general the debt collector in Albania will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away.
10. Can I instruct multiple cases?
You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements.
11. Can you trace debtors in Albania?
Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor.
12. How long does the debt collection process take?
On average the debt collections process takes 90 days to resolve an amicable debt recovery case. There are a number of factors that can delay this process but we will keep you informed every step of the way.
13. What are my options if debt collection is not successful?
If the debt recovery service is not successful we will advise you of your options including legal actions. Please note no legal actions or other processes will be taken without prior instruction from you.