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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:
Somalia 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 to introduce their involvement.
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
Are in the same time zones
Herewith details of our debt collection service Somalia:
Location of debt recovery office in Somalia?
Behani Street, Shibis District, Mogadishu, Somalia
All debt collection letters are sent by the local head office.
Number of debt collection staff?
Several staff. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors.
How long have you been operating a debt recovery service in Somalia?
We have been operating an African debt collection service on a no win no fee basis in Somalia since 2004. Somalia 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 Somalia?
6 years in Somalia.
Somalia 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 Somalia is 6 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 Somalia?
Little effect in Somalia.
Somalia is in discussions over a free trade agreement (FTA) with European Union as part of 6 Eastern and Southern African countries. This is referred to as an Economic Partnership Agreement and negotiations started in 2004 but were paused until further notice in 2011. The other Eastern and Southern African member states are Ethiopia, Djibouti, Malawi, Sudan and Zambia.
How many companies registries in Somalia for businesses (i.e. UK has just 1 central registry)?
There is 1 company registry in Somalia which is called Federal Republic of Somalia - Ministry of Commerce and Industries located at Wasaaradda Ganacsiga Iyo Warshadaha ee Dowlad Goboleedka Koonfur Galbeed Somalia.
We have access to Somalia Company Registry searches to find out who further background information on all Somalia companies.
What is the debt collection process in Somalia?
Pre court action is dealt with via debt recovery letters, emails, telephone calls and site visits where required
Average length of time to collect a debt?
The average time taken to recover a Somalia B2B debt collection case varies from case to case. Depends on size, age and any known disputes but can take up to 2 years to resolve.
Can late payment fees / interest to be added to claims?
late payment interest is not usually recoverable for Somalia debt collection cases.
Details on legal service / process in Somalia?
Somalia has three court systems:
Xeer Law, Civil Law and Islamic law. The court processes are headed by the Supreme Court.
Somalia 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 Somalia 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.
Somalia Skip Tracing Agents
Creditreform’s debt collection company service also uses expert local Somalia 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 Somalia debt collection services which differ from the UK debt collection agency services 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.
Who are the main trading partners for Somalia?
Which countries border Somalia?
Sister Cities for Debt Collection in Borama
Sister Cities for Debt Collection in Bosaso
Sister Cities for Debt Collection in Galdogob
Sister Cities for Debt Collection in Mogadishu
What is the Supreme Court in Somalia?
The judiciary of Somalia is defined by the Provisional Constitution of the Federal Republic of Somalia.