Top-Rated Debt Collection Agency in Kazakhstan
Fast and reliable debt collection in Kazakhstan - no upfront costs, only pay for success. Request a FREE Consultation or upload your claim today.
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Achieving debt recovery in Kazakhstan is made easy by this solution.
Debitura specializes in debt recovery services in Kazakhstan, offering a wide range of solutions such as accounts receivables management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. With our team's extensive knowledge of Kazakhstan's debt collection laws and regulations, we assist businesses in efficiently and effectively recovering their outstanding debts.
Receive full support throughout the entire process.
Tailored debt recovery approach.
We have a team of over 500 experts who specialize in international debt collection.
We achieve a low cost with a 87% success rate.
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Unicase Law Firm is a full-service law firm with offices in Almaty and Astana, Kazakhstan, as well as an office in Tashkent, Uzbekistan.
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The ultimate guide about debt collection in Kazakhstan
If you are owed money by a business or customer in Kazakhstan, we can help you get your money back! We have helped hundreds of other businesses in Kazakhstan recover debt, and we can help you too.
Collecting a debt in Kazakhstan can seem impossible. There are challenges like different languages and customs, and also the distance between you and the person you owe money to.
When you use a collection agency that knows the laws and customs of the country where the person who owes you money lives, it is simpler to get your money back.
At Debitura, we care about people. We do everything we can to get your money back while still having a good relationship with the person who owes you money. Our PR efforts are fair, but firm-which means making sure your reputation is our top priority! If you want to understand the Kazakhstani debt collection process from start to finish, keep reading this guide. If you would rather work with a law firm that specializes in debt recovery in Kazakhstan, we can help you with that too.
At Debitura, we have an easy way for you to get the money that someone owes you from Kazakhstan and +192 other countries. To start, upload your claim today. We will look at it and give you 3 free quotes from local debt collection lawyers in Kazakhstan within 24 hours. We use a people-oriented approach with the latest tech-driven solutions to get results and provide better contact management. This method gets the results you need while preserving customer relationships. In addition, our network of debt collectors, attorneys, suppliers and vendors are 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 debt collection process in Kazakhstan today at no cost. Simply create a free profile and submit your case within 2 minutes.
Pre-legal
Our pre-legal recovery process is tried and tested. We aim to collect your claim within 3 months. If we don't succeed, we won't charge you.
Legal
If your claim remains unpaid in the pre-legal phase, we will offer you three quotes from our local 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 Kazakhstan
If you have a hard time collecting debt in Kazakhstan, we can help you get paid by your Kazakhstani customers.
In Kazakhstan, the person who owes money is called the debtor. The person who gave them the money is called the creditor. If the creditor tries to get the money themselves, t's called first-party collection. If they ask someone else to help them get the money, it's called third-party collections.
The debt collection process in Kazakhstan
Kazakhstan has a few steps that need to happen before a debt can be collected. The image below shows the standard process for collecting debt in Kazakhstan:
1 Upload your claim:
To get help recovering your debt, you will need to find a debt collection partner. You can upload your claim to their website. If you use Debitura, we will give you 3 quotes from local partners in the Asian country where your case is happening. This is free - you don't need to pay anything.
2 Amicable collection:
The collection process begins with sending reminders to the person who owes you money. The reminders are sent through email, SMS, letter, 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, which means you only pay a small success fee if we recover your debt. Amicable collections with Debitura are 100% risk-free!
3 Evaluation:
If you have not received payment from the debtor after trying to work it out, it is time to evaluate the next steps. We will look at the size of your claim and how likely it is that you will get paid, among other factors, to help you decide what to do next. There are three typical next steps:
A Surveillance:
If you are claiming an amount of money that is less than 2,000 to 5,000 Euros, it might not be worth it to take 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.
B: Legal collections:
It's a good idea to go through the legal system if you're trying to get a lot of money. The way you do it might be different depending on how much money you're asking for and what it's for. Usually, it takes about a year and a half for everything to be settled.
C: Debt enforcement:
If the person you are claiming money from has said that they owe you money, or if there is a court order saying they owe you money, you can go to the bailiff's court to get the money.
At Debitura, we can help you with all three steps in Kazakhstan.
Amicable collection in Kazakhstan
At Debitura, we offer a 100% risk-free and efficient process for Amicable collections. All you have to do is submit your claim, and we will get started within 24 hours.
We will contact your debtor through all the channels we have available in Kazakhstan. This might include e-mail, SMS, letters, calls and social media.
The goal of this process is to either:
A) Get the person who owes money to pay the full amount
B) Get the person who owes money to agree that they owe the money and start a plan to pay it back bit by bit.
If the person you are trying to get money from has said that your claim is not true, you cannot try to work it out with them. You must start with legal collections.
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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 Kazakhstan
If we have not been able to pay you during the amicable phase or the debtor disputes your claim, we will provide you with 3 free quotes from our local debt collection attorneys. In the legal phase, our local attorney will reach out to your debtor and try to negotiate a payment. Our partners can also go to court and get a payment order via the legal system in Kazakhstan. This payment order can then be used to enforce your claim via enforcement court.
The amount of money you will need to pay for a lawyer depends on how big and complicated your case is. To get the best price, it is a good idea to ask more than one lawyer 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 Kazakhstan
If you have written proof that the person owes you money, or a court order, you can go to the bailiff's court in Kazakhstan to get your money.
The process and how much it will cost differs depending on your situation. You can upload your case to Debitura. They will give you 3 different quotes based on your claim within 24 hours.
Get started with
debt enforcement
Upload your claim and get 3 FREE quotes from our local collection partners.
The analysis is concluding that the risk of running a business in Kazakhstan 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 Kazakhstan 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 Kazakhstan
Our conclusion based on the economic risk factors, is that the economic risk in Kazakhstan is high (5 out of 6). An economic risk of 5 out of 6 is relatively high in Asia.
GDP and economic growth are critical drivers for economic risk.
The GDP of Kazakhstan is 190,81 bn. USD (2021), growing by 4% per year.
In terms of the size of its economy, Kazakhstan ranks #53 out of 183 countries and has a medium-sized economy.
In terms of growth rate, it is ranked #102 out of 183 countries and is therefore considered an excellent growing economy.
GDP per capita is 10041 USD, ranking Kazakhstan number #62 out of 183 countries. This means the purchasing power of citizens in Kazakhstan is pretty average compared to all the countries in the world.
You can see a more throughout picture of GDP and economic growth in Kazakhstan in the table below:
Another significant influencer for the economic risk score is the inflation rate and the interest rates. You can see a more throughout picture of monetary KPIs in Kazakhstan in the table below:
The business environment risk in Kazakhstan
Our analysis shows that the business environment risk in Kazakhstan is medium-high (4 out of 6), which is a pretty average risk score in Asia.
Economic freedom and rights determine the business environment risk in a country. Take a look at the important facts for Kazakhstan in the table below:
As you can see above, the property rights index is 60 in Kazakhstan, 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 76 in Kazakhstan, a pretty good score for a country in Asia.
Kazakhstan's overall economic freedom index is 71 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.
The political risk in Kazakhstan
The political risk in Kazakhstan 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 critical drivers for political risk. An overview of Kazakhstan 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 Kazakhstan, the rule of law index is at -0,49 points, with the score going from -2.5 (weak) to 2.5 (strong). Kazakhstan has, therefore, a very low rule of law index, which means it is often close to impossible 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 32,82% of Kazakhstan's GDP.
The commercial risk in Kazakhstan
In Kazakhstan, the commercial risk score is 2/4, which in our model is a low score. This low commercial risk score is pretty average 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 Kazakhstan in the table below:
Kazakhstan has a total of foreign exchange reserves of 34.38 bn. USD.
The financing risk in Kazakhstan
We have calculated the financing risk to be 4/4, which equals a high risk. A high financing risk score is high for countries in Asia.
The country's banking system, efficiency, and stability influence the financing risk. You can find the critical facts for Kazakhstan in the table below:
In Kazakhstan, the credit information sharing index is 8 on a scale from 0 (low) to 8 (high). The consequence of that number, is that the access and quality of credit information available in Kazakhstan is high.
This makes it easy for you to understand the credit risk of your counterpart in Kazakhstan. You would be able to find a good local credit rating agency that can help you analyse the creditworthiness of your specific customers.
Your juridical rights as a creditor are 8 out of 12 and, therefore, medium.
Debt Collection in Kazakhstan: Frequently Asked Questions (FAQ)
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In Kazakhstan, if the debtor does not pay voluntarily, the creditor can upload their claim to a debt collection partner. The process typically involves amicable collection, evaluations, surveillance, legal collections, or debt enforcement. Debitura offers a risk-free no-cure-no-pay solution for amicable collections and can help with all three steps in Kazakhstan.
The debt collection process in Kazakhstan involves three steps: pre-legal collection, legal debt collection, and debt enforcement. The process starts with uploading your claim to a debt collection partner, followed by amicable collection through reminders to the debtor. If there's no satisfactory response, the case is evaluated, and depending on the amount claimed, surveillance, legal collection or debt enforcement is initiated. You can get the help you need for all these steps in Kazakhstan with Debitura. Our risk-free collection solutions ensure your debt recovery success.
In Kazakhstan, if a debt is disputed, a civil lawsuit is required. Other legal options for debt collection include debt enforcement and insolvency proceedings. Please note that legal actions require a local lawyer. Debitura can provide you with 3 free quotes from local debt collection attorneys to help you navigate the legal phase. The cost of a lawyer will vary depending on the complexity of the case.
Debt collection costs in Kazakhstan vary depending on whether it's a pre-legal or legal action. Debitura offers a no-cure-no-pay model for pre-legal collection, with success fees ranging from 10-20%. For legal actions, fees depend on the case and desired actions taken. Debitura can help you get 3 quotes from the top debt collection lawyers in Kazakhstan.
The duration of debt collection in Kazakhstan depends on the debtor and the complexity of the case. If resolved in the pre-legal phase, it usually takes 3-6 months. But if legal actions are required, the process can take 12-18 months. Our experts work efficiently to keep the duration as short as possible, but the final outcome is ultimately dependent on the situation.
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