Top-Rated Debt Collection Agency in Armenia
Fast and reliable debt collection in Armenia - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.

Recovering your debt in Armenia is easiest through this method.
Debitura is an expert in debt recovery in Armenia, providing a wide range of services by a team of experienced professionals. Our services include accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. With our adeptness in Armenia's debt collection laws and regulations, we offer efficient and effective solutions for businesses to recover their outstanding debts.

We provide unwavering assistance from beginning to end.

Tailored collection approach.

We have a team of over 500 experts dedicated to international debt collection.

Achieving a success rate of 87% at the most affordable cost.
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LEGELATA is an Armenian law firm with a rich history of connecting businesses with law across a range of industries in innovative and dynamic ways. LEGELATA wins solutions for businesses involved in banking and finance, trade and logistics, health and pharmaceutical, life sciences and biotechnology, information technologies and telecommunications.
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Fidelity Consulting is an independent, Yerevan based Armenian law firm with a strong international focus. We specialized in corporate law, international business law, and commercial and employment law. Fidelity’s founders all have worked for large traditional Armenian law firms. Our client base comprises large and medium sized Armenian and foreign companies, whereby in particular clients from the UK and EU.
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Lyudvig Davtyan Law Office is an Armenian based legal entity with a mission to meet the special and complex needs of clients. Our enthusiastic team and professional alliance offer wide range of legal services both in Armenia and abroad.
The ultimate guide about debt collection in Armenia
Are you owed money by a business or person in Armenia? We can help you get your money back! We have helped hundreds of other businesses collect debt in Armenia.
It can be difficult to collect debt from someone in another country. There can be language barriers, different laws and customs, and the person might live far away. But it is easier to collect debt when you use a collection agency that knows the laws and customs of that country.
At Debitura, we always try to help you get your money back while still keeping a good relationship with the person who owes you money. We are always fair in what we do, but we are also firm. This means that your reputation is very important to us! If you want to learn more about how to collect debt in Armenia, please keep reading this guide. If you would rather work with a local law firm that specializes in debt recovery in Armenia, we can help you with that too.
At Debitura, we have an easy way to help you get your money back from someone who owes you money. You can start by uploading information about your claim. We will look at it and provide you with 3 free quotes from local debt collection lawyers in Armenia within 24 hours. We have a people-oriented approach and use the latest technology to drive results and manage customer contact information. Our network of debt collectors, attorneys, suppliers, and vendors are all relationships that we value, no matter how small or large. This allows us to get the job done in the best way possible.
Upload claim
Begin the process of debt collection in Armenia today at no cost. Simply create a free profile and upload your case in under 2 minutes.
Pre-legal
We use our proven pre-legal recovery process to try to collect your claim for the first 3 months. This is a no-cure-no-pay service, meaning you don't pay if we don't collect.
Legal
In case your claim remains unpaid during the pre-legal phase, we offer you three quotes from our nearby debt collection attorneys.
24/7 updates
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Armenia
Do you have trouble getting paid by your Armenian customers? We can help you. The person who owes the debt is called the debtor, and the person who issued the debt or invoice is called the creditor. If the creditor collects the debt himself, this is called "first-party collection." If the creditor outsources the collection process to a third party, this is called "third-party collections."
The debt collection process in Armenia
In Armenia, there are usually several steps involved in the debt collection process.
The image below shows the process we use to collect debt in Armenia:

1 Upload your claim:
If you want someone to help you get your money back, you will start by finding a debt collection partner. You will give them some information about the money you are owed, and they will help you get it back. If you use Debitura, we will provide you with 3 quotes from local partners in the Asia country relevant to your case. This is 100% free - no strings attached.
2 Amicable collection:
The collection process begins with sending friendly reminders to the person who owes you money. This is called a debtor. The reminders will be sent through email, SMS, and letter. The goal is to get the debtor to pay the money they owe, or at least start a payment plan. Debitura offers a solution where you only have to pay a small success fee if we are able to collect the debt. This means that there is no risk for you!
3 Evaluation:
If the person you are owed money from has not paid you after you have talked to them, it is time to decide what to do next. We will look at how much money you are owed, the chance of getting paid and other factors to help you decide what to do. There are three typical next steps:
A: Surveillance:
If you are owed less than 2,000 to 5,000 euros, it is often not worth it to take any more legal action. In this case, we recommend "debt surveillance." This means that we will keep trying to contact the person who owes you money and try to reach an agreement about how much they will pay you back.
B: Legal collections:
It is a good idea to go through the legal process if you are making a big claim. What you have to do specifically will vary based on what you are claiming and how much it is worth. Typically, this process will take between one and a year and a half to complete.
C: Debt enforcement:
If the person you are owed money from has agreed that you are owed money, or if there is a court order, you can use the bailiff's court to get your money.
At Debitura, we can help you with all three steps in Armenia.
Amicable collection in Armenia
Debitura offers a 100% risk-free and efficient process for Amicable collections. This means that you can submit your claim, and we will get started within 24 hours.
We will try to contact the person you owe money to using different ways, including email, text messages, letters, phone calls, and social media.
The goal is to:
A) get the debtor to pay the entire amount or
B) get the debtor to agree that they owe money and start a plan to pay it back
If the person you are trying to get money from does not agree that they owe you money, you cannot try to work it out between yourselves. You will need to go straight to using legal methods to get your money.

Get started with
amicable debt collection
Upload your claim and get started with our 100% no-cure-no-pay collection solution.
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Legal collection in Armenia
If your claim has not been paid or the person you gave the money to says they do not owe you money, we will give you 3 free quotes from local debt collection attorneys. In the legal phase, our local attorney will talk to your debtor and try to get them to agree to pay you. Our partners can also go through the legal system in Armenia and get a payment order from a court. This payment order can then be used by an enforcement court to make the debtor pay you.
The amount of money you will spend on a lawyer depends on how difficult your case is and how big it is. To get the best price, ask more than one lawyer for their quote. This way, you can compare different prices and find the best deal. You can easily do this by using Debitura.

Get started with
legal debt collection
Upload your claim and get 3 FREE quotes from our local collection partners.
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Debt enforcement in Armenia
If you have written proof that the person you are suing owes you money, or a court order telling the person to pay you, you can go to the bailiff's court in Armenia. The court will help you get your money from the person who owes it to you.
The way to do this and how much it will cost depends on your situation. You can upload your case onto Debitura. They will give you 3 different quotes for what you want within 24 hours.

Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
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Insolvency proceedings in Armenia
If the person you owe money to cannot pay you back, you can start a legal process called insolvency. This is when a court decides to sell the debtor's belongings to pay back creditors. Creditors are people who the debtor owes money to. The court will follow a list of priorities when deciding who gets paid back first.
Our analysis has shown that the risk of doing business in Armenia is medium. Based on this medium score, we recommend being careful providing credit and considering charging upfront payment or using credit insurance when trading if you don't know the customer in Armenia well. If possible, provide a short credit period or even better upfront payment. The medium risk score is based on the following factors:
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The economic risk in Armenia
Our conclusion based on the economic risk factors, is that the economic risk in Armenia is very high (6 out of 6). An economic risk of 6 out of 6 is high in Asia.
GDP and economic growth are critical drivers for economic risk.
The GDP of Armenia is 13,86 bn. USD (2021), growing by 5,7% per year.
In terms of the size of its economy, Armenia ranks #129 out of 183 countries and has a medium-sized economy.
Looking at the growth rate, it is ranked #65 out of 183 countries and is therefore considered a fast-growing economy.
GDP per capita is 4670 USD, ranking Armenia number #100 out of 183 countries. This means the purchasing power of citizens in Armenia is around the average compared to all other countries.
You can see a more detailed picture of GDP and economic growth in Armenia in the table below:
Another huge impact for the economic risk score is the inflation rate and the interest rates. You can see a more detailed picture of monetary KPIs in Armenia in the table below:
The inflation in Armenia was 7,2% in 2021 - and that is considered a relatively high inflation rate.
The interest rate for businesses is 11,76%.
The business environment risk in Armenia
Our analysis shows that the business environment risk in Armenia is medium (3 out of 6), which is a relatively low risk score in Asia.
Economic freedom and rights has a big influence on the business environment risk in a country. Take a look at the important facts for Armenia in the table below:
As you can see above, the property rights index is 57 in Armenia, which is considered quite low in Asia.
The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 82 in Armenia, a pretty good score for a country in Asia.
Armenia's overall economic freedom index is 72 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Armenia
The political risk in Armenia is high, with a score of 5/6. This is a relatively high political risk score in Asia.
The governance and political stability indicators are vital drivers for political risk. An overview of Armenia can be seen in the table below:
The rule of law index analyses to which extent agents have confidence in and abide by the rules of society, in particular the quality of contract enforcement, property rights, the quality of the courts, and the police's ability to enforce court orders.
When transacting business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Armenia, the rule of law index is at -0,1 points, with the score going from -2.5 (weak) to 2.5 (strong). Armenia has, therefore, a low rule of law index, which means it often is very difficult to enforce your contracts. We, therefore, recommend avoiding credits and recommend charging upfront payment instead.
Other drivers for the high political risks are the weak control of corruption, the very weak political stability index, and the very large shadow economy that is 35,96% of Armenia's GDP.
The commercial risk in Armenia
In Armenia, the commercial risk score is 3/4, which in our model is a medium score. This medium commercial risk score is relatively high compared to the average in Asia.
The commercial risk is impacted by a country's international trade relationships. You can see some of the key facts for Armenia in the table below:
Armenia has a total of foreign exchange reserves of 3.23 bn. USD.
Armenia has a negative trade balance of -7,95% of GDP. The meaning of this is that Armenia imports more goods and services than the country exports.
The annual growth of exports of goods and services has been growing 16,5% annually - now 35,03% of GDP. Import of goods and services represents 42,98% of the GDP in Armenia.
The financing risk in Armenia
We have calculated the financing risk to be 3/4, which equals a medium risk. A medium financing risk score is pretty average for countries in Asia.
The country's banking system, efficiency, and stability influence the financing risk. You can find the critical facts for Armenia in the table below:
In Armenia, the credit information sharing index is 8 on a scale from 0 (low) to 8 (high). The result of this, is that the access and trustworthiness of the credit information in Armenia is high.
This makes it easy for you to understand the credit risk of your counterpart in Armenia. You should therefore be able to find a good local credit rating agency that can help you analyse the creditworthiness of your specific customers.
Your legal rights as a creditor (and as a borrower) are 6 out of 12 and, therefore, weak.
The medium financing risk for creditors also impacts the high interest rate in the private sector of 11,76%.
Debt Collection FAQ for Armenia
In Armenia, debt collection involves several steps. It can be done through first-party or third-party collections. The process starts by uploading your claim to a debt collection partner. The collection process then begins with sending friendly reminders to the debtor. If the debtor does not pay, an evaluation is done to decide on the next steps, which may include debt surveillance, legal collections, or debt enforcement. Debitura can assist with all three steps in Armenia.
In Armenia, the debt collection process usually involves three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection starts with sending friendly reminders to the debtor via email, SMS, and letter. If this doesn't work, an evaluation is made to decide the next step. If the claim is small, debt surveillance is recommended. For larger claims, legal collections or debt enforcement through the court system may be necessary. Debitura can help with all three steps in Armenia.
In Armenia, if a debt is disputed, a civil lawsuit is required for legal collection. Other legal options for debt collection include debt enforcement and insolvency proceedings. It is necessary to hire a local lawyer for all legal actions. Our website provides free quotes from local debt collection attorneys and helps compare prices. In insolvency proceedings, a court can sell the debtor's belongings to pay back creditors, prioritizing them accordingly.
Debt collection costs in Armenia vary depending on the case and required legal actions. However, Debitura offers no-cure-no-pay pre-legal collection with a success fee between 10-20%. For legal actions, the cost depends on your specific case. Debitura can get you 3 quotes from the best debt collection lawyers in Armenia to help you find the best option.
In Armenia, the timeline for debt collection depends on the debtor and the case. If the case can be resolved in the pre-legal phase, the process takes about 3-6 months. However, if legal actions are needed, it usually takes around 12-18 months to collect the debt. The length of time can vary based on different factors, and it's best to consult with a debt collection agency for specific cases.