Top-Rated Debt Collection Agency in Egypt
Fast and reliable debt collection in Egypt - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
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In Egypt, recovering your debt has never been easier.
Debitura specializes in debt recovery in Egypt, offering a diverse range of services including accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. Our team of experienced professionals possesses extensive knowledge and expertise in Egypt debt collection laws and regulations, providing efficient and effective solutions to help businesses recover outstanding debts.
We offer continuous support throughout the entire debt collection process.
Tailored debt collection approach
We have more than 500 experts available for global debt collection.
We offer an affordable solution with a 87% success rate.
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International Debt Collections Office located in Egypt, and have associated offices in 9 countries in the Middle East.
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Andersen Egypt has been recognized as one of the top law firms in Egypt, offering comprehensive and varied legal and tax services to companies and individuals, in addition to financial advisory services.
We are dedicated to tirelessly recovering damages for our individual and commercial clients, making sure that you get the compensation you are entitled to. We also provide a complete set of services for the debit collection proceedings starting from issuing demand letters, drafting amicable agreements, litigation process and judgment enforcement.
Welcome to our highly specialized law firm in Egypt. Our team of experts is committed to providing unconventional and effective solutions to any issues and disputes confronted by our clients. We are proud to be one of the most trusted, reliable, and dynamic law firms in Egypt. Our client base includes many foreign governments, multinational companies, and major nationalistic projects, with capital exceeding billions of dollars. Trust us to represent your interests with the same level of dedication and expertise that we have provided to our prestigious clients.
H&Z Law Firm is headquartered in the heart of Golden Square in New Cairo, Egypt. We provide high-quality, cost-effective, and timely legal services nationally and globally. Individuals and corporate organizations with commercial interests in Egypt can rely on us for a wide range of comprehensive legal services.
We are highly experienced in Civil and Commercial Litigations and company formation as well
The ultimate guide about debt collection in Egypt
Do you have a problem with someone who owes you money? We can help you get your money back! We have helped other businesses in Egypt recover debt before. It can be difficult to get your money back from someone in another country, but we know how to do it.
At Debitura, we care about people. We want to help you get your money back, but we also want to keep a good relationship with the person you borrowed from. Our PR efforts are fair and firm. This means that we will do everything we can to help you, but we also want to make sure that your reputation is not hurt in the process. If you want to understand more about how to collect debt in Egypt, read on. But if you would rather work with a law firm that specializes in this area, we can help you with that too.
At Debitura, we help you collect your debt. You can start today by uploading your claim. We will look at your case and give you 3 free quotes from local debt collection lawyers in Egypt within 24 hours. Our people-oriented approach combined with the latest tech-driven solutions helps us get results and manage contact information better. This comprehensive method gets the results you need while preserving customer relationships. In addition, our network of debt collectors, attorneys, suppliers and vendors are cherished relationships that allows us to get the job done. We value each of these relationships, no matter how small or large.
Upload claim
Begin the process of debt collection in Egypt today without any cost. Simply make a free profile and within two minutes, submit your case to us.
Pre-legal
During the first three months, we will attempt to recover your debt using our effective pre-legal recovery method. Our service operates on a no-cure-no-pay basis, meaning we only charge when we successfully collect your debt.
Legal
If your debt remains unpaid during the pre-legal phase, we offer you three quotes from our nearby debt collection lawyers.
24/7 updates
You get access to our online portal where you can track your case in real-time
Introduction to collecting debt in Egypt
If you have trouble getting people to pay you money they owe you in Egypt, don't worry. We can help you get paid by your Egyptian customers. The person who owes the money is called the debtor, and the person who issued the debt or invoice is called the creditor. If the creditor collects the debt him- or herself, it's called first-party collection. If the creditor outsources the collection process to a third party, that's called third-party collections.
The debt collection process in Egypt
The debt collection process in Egypt usually happens in more than one step.
The image below explains our standard process for collecting debt in Egypt:
1 Upload your claim:
If you want someone to help you get your money back, you will need to find a debt collection partner. This is a person or company that helps people get money that they are owed. You will need to give them some information about your case, and they will try to get the money for you. If you use Debitura, we will give you 3 quotes from local partners in the Africa country relevant to your case. This is 100% free - no strings attached.
2 Amicable collection:
The collection process begins with sending reminders to the person who owes you money. This is called a campaign. The reminders go through email, SMS, and other ways in the specific country. The goal is to get the debtor to pay or acknowledge the debt and start a payment plan. Debitura offers a no-cure-no-pay solution for amicable collection. This means that you only have to pay a small success fee if we recover your debt. Amicable collections with Debitura are risk-free!
3 Evaluation:
If you have not received payment from the debtor after trying to work things out, it is time to look at what to do next. We will look at how much money you are owed, the chance of getting paid and other factors. There are three common next steps:
A: Surveillance:
If you are owed less than 2,000 to 5,000 Euros, it is often not worth taking 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:
We suggest that you begin going through a legal process if you have a big claim. The steps you need to take will vary depending on the specific kind and amount of your claim. Usually, it takes about a year and a half to complete the process.
C: Debt enforcement:
If the person who owes you money has said that they owe you money or if there is a court order, you can go to the bailiff's office to get your money.
At Debitura, we can help you with all three steps in Egypt.
Amicable collection in Egypt
At Debitura, we offer a 100% risk-free and very efficient process for Amicable collections. This means that you can submit your claim to us, and we will get started within 24 hours.
We will contact your debtor through different channels in Egypt. This might include email, text messages, letters, phone calls, and social media.
The goal of this process is to:
A) Get the person who owes you money to pay the full amount.
B) Get the person who owes you money to say that they owe you money and start giving you some of the money each month until it is all paid off.
If the person you are trying to get money from has said they do not owe you money, you cannot try to resolve this issue without going through the legal system.
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 Egypt
If we have not been able to pay your claim during the first phase or the debtor disagrees with your claim, we will provide you with 3 free quotes from local debt collection attorneys. During the legal phase, our local attorney will try to negotiate a payment with your debtor. Our partners can also go to court and get an order for payment through the legal system in Egypt. This payment order can then be used to force your debtor to pay via enforcement court.
Legal fees depend on how big and complicated your case is. To get the best price, we recommend you ask different lawyers for their prices. You can do this easily by using Debitura.
Get started with
legal debt collection
Upload your claim and get 3 FREE quotes from our local collection partners.
Debt enforcement in Egypt
If you have written proof that the person you are owed money by has acknowledged your claim, or if there is a court order, you can go to the bailiff's court in Egypt to get your money.
The process and how much it costs depend on your case. You can upload your case to Debitura. They will give you 3 quotes for your claim within 24 hours.
Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
Insolvency proceedings in Egypt
If your debtor cannot pay his debts, you can start an insolvency procedure. The goal of this procedure is to sell the debtor's assets and give the money to the creditors. The creditors with the most important debts will get paid first.
Our analysis concludes that the risk of running a business in Egypt 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 Egypt well. If possible, provide a short credit period or even better upfront payment. The average risk is conluded on the following areas:
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The economic risk in Egypt
Our analysis shows that the economic risk in Egypt is high (5 out of 6). An economic risk of 5 out of 6 is pretty average in Africa.
GDP and economic growth are critical drivers for economic risk.
The GDP of Egypt is 404,14 bn. USD (2021), growing by 3,33% per year.
In terms of the size of its economy, Egypt ranks #34 out of 183 countries and has a large economy.
In terms of growth rate, it is ranked #121 out of 183 countries and is therefore considered an excellent growing economy.
GDP per capita is 3876 USD, ranking Egypt number #110 out of 183 countries. The result of this is purchasing power of citizens in Egypt is pretty average compared to all the countries in the world.
You can see a more throughout picture of GDP and economic growth in Egypt 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 throughout picture of monetary KPIs in Egypt in the table below:
The inflation in Egypt was 5,5% in 2021 which is considered a medium inflation rate.
The interest rate for businesses is 9,43%.
The business environment risk in Egypt
Our analysis shows that the business environment risk in Egypt is medium-high (4 out of 6), which is a relatively low risk score in Africa.
Economic freedom and rights determine the business environment risk in a country. You can see the critical facts for Egypt in the table below:
In the above table, you can see, the property rights index is 51 in Egypt, which is considered pretty average in Africa.
The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 63 in Egypt, a quite good score for a country in Africa.
Egypt's overall economic freedom index is 56 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Egypt
The political risk in Egypt is high, with a score of 5/6. This is a pretty average political risk score in Africa.
The governance and political stability indicators are critical drivers for political risk. An overview of Egypt 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 doing business in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.
In Egypt, the rule of law index is at -0,24 points, with the score going from -2.5 (weak) to 2.5 (strong). Egypt 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 very weak control of corruption, the very weak political stability index, and the large shadow economy that is 33,32% of Egypt's GDP.
The commercial risk in Egypt
In Egypt, 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 Africa.
The commercial risk is relying on a country's international trade relationships. You can see some of the key facts for Egypt in the table below:
Egypt has a foreign exchange reserve of 39.82 bn. USD.
Egypt has a negative trade balance of -9,18% of GDP. This means that Egypt imports more goods and services than the country exports.
The annual growth of exports of goods and services has been growing -13,39% annually - now 11,1% of GDP. Import of goods and services represents 20,28% of the GDP in Egypt.
The financing risk in Egypt
We have calculated the financing risk to be 2/4, which equals a low risk. A low financing risk score is relatively low for countries in Africa.
The country's banking system, efficiency, and stability influence the financing risk. You can find the extra information for Egypt in the table below:
In Egypt, the credit information sharing index is 8 on a scale from 0 (low) to 8 (high). The result of this is accessibility and quality of credit information available in Egypt is high.
This makes it easy for you to understand the credit risk of your counterpart in Egypt. Based on this, it should be possible to to find a good local credit rating agency that can help you analyse the creditworthiness of your specific customers.
Your rights as a creditor are 5 out of 12 and, therefore, weak.
The low financing risk for creditors also impacts the high interest rate in the private sector of 9,43%.
Debt Collection in Egypt: Your FAQ Answered
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In Egypt, debt collection typically happens in multiple steps. It starts with sending reminders to the debtor, followed by evaluation of the case. If not successful, there are three common next steps: surveillance, legal collections, and debt enforcement. At Debitura, we offer a risk-free amicable collection service and can help with all three steps in Egypt. Simply upload your claim and we'll provide 3 free quotes from local partners.
The debt collection process in Egypt usually involves three steps: pre-legal collection, legal debt collection, and debt enforcement. Pre-legal collection involves sending reminders to the debtor to pay or start a payment plan. If this doesn't work, legal action may be taken, which can take about 18 months. For smaller amounts owed, debt surveillance may be recommended instead. If there is a court order or admission of debt, debt enforcement can help you get your money back. At Debitura, we can assist you with all three steps in Egypt.
If a debt is disputed, a civil lawsuit is required for debt collection in Egypt. Legal options include debt enforcement and insolvency proceedings, which require a local lawyer. Our partners can provide you with three free quotes from local debt collection attorneys, who can negotiate payments and obtain court orders for payment. Legal fees depend on the case's complexity, and creditors can start an insolvency procedure if the debtor cannot pay their debts.
Debt collection costs in Egypt vary depending on the type of collection needed. At Debitura, we offer a no-cure-no-pay model for pre-legal collection with a success fee between 10-20%. Legal action costs vary based on your specific case, and we can provide you with three quotes from the best debt collection lawyers in Egypt.
The duration of debt collection in Egypt varies depending on the individual case and debtor. If the collection can be resolved during the pre-legal phase, the process typically takes between 3-6 months. However, if legal action becomes necessary, debt collection typically takes between 12-18 months to fully collect the debt.
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