1. Costs - No Win No Fee! 

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only. 

2. Coverage in Turkmenistan 

Turkmenistan is divided into 5 provinces and the capital. Our local office is in the capital city Ashgabat so we are centrally located to recover debts throughout all of Turkmenistan. 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors' language, in this case Turkmen is spoken by 72% of the population with Russian also  widely spoken. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Turkmenistan 

3 years but there are special exemptions so whatever the age please contact us and we will advise if we can assist with your claim 
Search a country below for debt collection: 

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: 

Turkmenistan 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 
The languages 
The laws 
Are in the same time zones 
Herewith details of our debt collection service Turkmenistan: 

Location of debt recovery office in Turkmenistan? 

Ashgabad. All debt collection letters are sent by the local head office. 

Number of debt collection staff? 

1-3 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 Turkmenistan? 

We have been operating an Asia debt collection service on a no win no fee basis in Turkmenistan since 2016. Turkmenistan 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 Turkmenistan? 

General term - 3 year; matters related to real estate - 6 years. 
Turkmenistan 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 Turkmenistan is 3 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. Other Statute of Limitations include: 
Turkmenistan Open Account Years – 3 years 
Turkmenistan Promissory Notes – 3 years 
Turkmenistan Written Contracts – 3 years 
Turkmenistan Oral Agreements – 3 years 

How EU (European Union) laws effect debt collection in Turkmenistan? 

No impact of EU laws was noticed before. 
There is currently no Free Trade Agreement that have been signed or any ongoing negotiations between Turkmenistan and European Union. 

How many companies registries in Turkmenistan for businesses (i.e. UK has just 1 central registry)? 

There is United State Register of Legal Entities, which includes all companies in Turkmenistan, but there is no open free access like to Companies House in UK. 
There is 1 company registry in Turkmenistan which is called Chamber of Commerce and Industry of Turkmenistan located at Chandybil Street, Ashgabat, Turkmenistan. 
We have access to Turkmenistan Company Registry searches to find out who further background information on all Turkmenistan companies. 

What is the debt collection process in Turkmenistan? 

Process is quite generic: amicable collection - sending official reclamation (debt recovery letter) - legal actions. 

Average length of time to collect a debt? 

The average time taken to recover a Turkmenistan B2B debt collection case varies from case to case but we find it typically takes on average 79 days in Turkmenistan. 

Can late payment fees / interest to be added to claims? 

Yes, fees can be added for Turkmenistan debt collection cases according to local law. 

Details on legal service / process in Turkmenistan? 

In majority of cases pre-legal procedure (sending official reclamation) should be observed; otherwise court rejects claim. 

Turkmenistan 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 Turkmenistan 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. 

Turkmenistan Skip Tracing Agents 

Creditreform’s debt collection company service also uses expert local Turkmenistan 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 Turkmenistan 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 Turkmenistan? 

The main import and export partner for Turkmenistan are Turkey, Russia, China, and UAE

Which countries border Turkmenistan? 

Turkemnistan is located in Central Asia which is bordered by Kazakhstan to the northwest, Uzbekistan to the north and east, Afghanistan to the southeast and Iran to the south. 

What is the Supreme Court in Turkmenistan? 

The Supreme Court of Turkmenistan (Turkmen: Türkmenistanyň Ýokary kazyýeti) is a constitutional institution in Turkmenistan 
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