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4.97/5 Average rating from 600+ reviews
WHY USE DEBITURA? 

Recovering your debt in Macedonia has never been easier.

Debitura is a specialized debt recovery agency in Macedonia. Our team consists of experienced professionals who offer an extensive range of services including accounts receivable management, debt collection notices, pre-legal and legal debt collection, and enforcement court proceedings. Our expertise in Macedonian debt collection laws and regulations enables us to provide efficient and effective solutions to help businesses recover outstanding debts.

We provide unwavering support throughout the entire process.

Tailored debt recovery plan.

We have a team of over 500 professionals specialized in global debt collection.

We achieve a 87% success rate while maintaining the lowest cost.

LOCAL LEGAL EXPERTS: Leading Debt Collection Lawyers in Macedonia.
DTC Paloma Bjanka - str. Dame Gruev 1/15
Boshnjakovski Law Office

We strive not only towards a profound insight into the domestic law and legal practices, but also towards a strong grasp of the latest global legal issues. This enables us to offer comprehensive and tailor-made legal services to foreign clients. We are dedicated to making the client’s encounter with the legal system as pleasant as possible.

Lawsuits
Legal collection
Debt enforcement
4
2020
Law firm
str. Makedonija no. 11/1-5, Skopje
Lalicic and Boskoski Law Office

Professional Law Firm in Skopje, North Macedonia - Specializing in Business Cases and Debt Recovery. Our persistent and professional approach ensures successful outcomes for our clients.

Lawsuits
Legal collection
Debt enforcement
10
2017
Law firm
Boul. Sv. Kliment Ohridski 29, 4th Floor, Apt. no. 20, 1000 Skopje, Rep. of North Macedonia
LAWYERS ANTEVSKI (Lawyers office Antevski)

LAWYERS ANTEVSKI Corporate, commercial law, IP / European patent Law & debt collection/insurance law

Lawsuits
Legal collection
Debt enforcement
5
1985
Law firm

The ultimate guide about debt collection in Macedonia

If you are seeking to recover a financial claim from a business or customer in Macedonia, Debitura is the ideal solution for you. We have a proven track record of success in helping numerous businesses recover debt in the country.

Collecting debt in Macedonia can be a daunting task due to the language and cultural barriers, foreign laws and customs, and distance involved. However, with our expertise in the laws and customs of the country, we make the process of debt recovery much simpler for you.

At Debitura, we prioritize the needs of our clients and strive to recover your money while maintaining a positive relationship with your customer. Our approach to debt collection is fair but firm, and we always prioritize the protection of your reputation. If you are interested in understanding the Macedonian debt collection process in detail, this guide is for you. Alternatively, if you prefer working with a local law firm specializing in debt recovery in Macedonia, we can assist you in finding one.

New to debt collection?
The debt collection process can be complex and daunting for those new to it. Our team of experts is here to help you understand the process and navigate it with ease. Get free expert advice on your specific case, provided by our team of experienced professionals.

At Debitura, we offer a straightforward method for recovering your debts in Macedonia and over 190 other countries. Begin the process now by submitting your claim. Within a day, we will evaluate your situation and present you with three complimentary quotes from debt collection attorneys in Macedonia. Our approach combines a customer-focused strategy with advanced technological solutions to achieve success and improve communication management. This holistic method achieves the desired outcome while maintaining positive customer relationships. Furthermore, our network of debt collectors, lawyers, suppliers, and vendors are valuable relationships that enable us to complete the task efficiently. We highly value all of these relationships, regardless of their size.

We work with the following process: 
1

Upload claim

Begin your debt collection process in Macedonia today without any fees. Simply sign up for a free profile, and submit your case in just 2 minutes.

2

Pre-legal

Our pre-legal recovery process will be utilized in the initial 3 months to collect your claim. Our no-cure-no-pay policy is guaranteed at 100%.

3

Legal

If your outstanding claim remains unpaid during the pre-legal phase, we offer you 3 quotes from our nearby debt collection attorneys.

4

24/7 updates

You get access to our online portal where you can track your case in real-time

Introduction to collecting debt in Macedonia

Are you experiencing difficulties in obtaining payment from Macedonian customers? Let us ease your worries by simplifying the debt collection process for you.

In Macedonia, the individual or organization owing the debt is referred to as "the debtor" while the party who issued the debt or invoice is known as "the creditor." If the creditor handles the debt collection process themselves, it is referred to as "first-party collection." However, if the creditor chooses to delegate the collection process to a third party, it is known as "third-party collections."

The process of collecting debt in Macedonia usually involves several stages, as depicted in the image below, which illustrates our standard methodology for debt collection in this country.

The debt collection process in Macedonia here:

1 Upload your claim:

If you do not wish to handle the recovery of your debt on your own, you can begin the process by locating a debt collection agency and submitting your claim through their website. With Debitura, we offer a complimentary service of providing you with three quotes from local partners in the European country that pertains to your situation - without any obligations or hidden fees.

2 Amicable collection:

The process of collecting a debt usually starts with a series of friendly reminders sent to the debtor through various communication methods, such as email, SMS, and letter, depending on the country. The aim is to get the debtor to either pay or acknowledge the debt and create a plan for repayment. With Debitura, we offer a no-cure-no-pay option for amicable collection, where you only pay a small fee if we successfully recover your debt. This means that using Debitura for amicable collections is completely risk-free!

3 Evaluation:

If payment from the debtor has not been received after attempting amicable resolution, it's important to consider the next steps. We will assess the amount of your claim, the likelihood of payment, and other considerations to help you make the best decision on how to proceed. Typically, there are three options to choose from.

A Surveillance:

If the amount of your claim is less than $2,000 to $5,000, it may not be worthwhile to pursue additional legal measures. In such situations, we suggest using "debt surveillance" where we will continuously contact your debtor and attempt to reach a mutually beneficial agreement.

B: Legal collections:

It is suggested to initiate a legal procedure for substantial claims. The specific procedure varies based on the nature and magnitude of your claim. Generally, the procedure is forecasted to be completed within a time frame of 12-18 months.

C: Debt enforcement:

If the person you are seeking payment from has acknowledged your claim or a court has issued an order in your favor, you can use the services of a bailiff to enforce your claim.

5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"I was struggling to collect a debt in Macedonia, but Debitura's efficient and cost-effective debt collection services solved my problem within weeks! Thank you Debitura for your excellent service!"
Aleksandra Petrovic - Collections team lead
5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Thanks to Debitura, we were able to successfully recover our outstanding debts in Macedonia. Their expertise in debt recovery Macedonia was truly impressive, and their affordable pricing made it a great value for our business."
Ana Petrovska - Accounts receivable specialist
4.97/5
Average rating based on feedback from over 600 satisfied clients
87%
Average debt recovery rate, exceeding industry standards
100M+
Debt recovered for our clients in the past 18 months

Amicable collection in Macedonia

At Debitura, we provide a seamless and risk-free approach to amicable collections. Simply submit your claim and we will begin the process within 24 hours. Our team will contact your debtor through various channels, including email, SMS, mail, phone calls, and social media.

In order to achieve either:

A) full payment or
B) a debt acknowledgement and payment plan.

However, if the debtor has challenged your claim, legal collections will need to be the next step.

Get started with
amicable debt collection

Upload your claim and get started with our 100% no-cure-no-pay collection solution.

100% free
Get the best price
No-cure-no-pay
Fast collection process
High recovery rate
100%
Risk free
Upload claim!

Debt enforcement in Macedonia

If you have received written confirmation of your claim from the debtor or a court order, you can utilize the bailiff's court in Macedonia to enforce your claim within the country.

The process and cost involved will differ depending on the specific circumstances of your case. By uploading your case to Debitura, you can receive three tailored 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.

100% free
Get the best price
No-cure-no-pay
Fast collection process
High recovery rate
100%
Risk free
Upload claim!

North Macedonia country risk profile

We have studied North Macedonia's critical financial data and extrapolated a risk assessment. You can use this analysis to estimate your payment terms and manage your risk when doing business with customers in North Macedonia.

Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26
Low risk
5-10
Medium-low risk
11-15
Medium risk
16-20
Medium-high risk
21-23
High risk
24-26

Our analysis concludes that the risk of running a business in North Macedonia 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 North Macedonia well. If possible, provide a short credit period or even better upfront payment. The medium risk analysis is based on the going through these risk factors:

Economic Risk:
5
Economic Risk:
5
Economic Risk:
5
Economic Risk:
5
Economic Risk:
5
Economic Risk:
5
Business Risk:
3
Business Risk:
3
Business Risk:
3
Business Risk:
3
Business Risk:
3
Business Risk:
3
Political Risk:
4
Political Risk:
4
Political Risk:
4
Political Risk:
4
Political Risk:
4
Political Risk:
4
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Financing Risk:
2
Financing Risk:
2
Financing Risk:
2
Financing Risk:
2

The economic risk in North Macedonia

Economic risk in North Macedonia is high (5 out of 6). An economic risk of 5 out of 6 is high in Europe.

GDP and economic growth are critical drivers for economic risk.
The GDP of North Macedonia is 13,88 bn. USD (2021), growing by 3,96% per year.

In terms of the size of its economy, North Macedonia ranks #128 out of 183 countries and has a medium-sized economy.

In terms of growth rate, it is ranked #104 out of 183 countries and is therefore considered an excellent growing economy.

GDP per capita is 6721 USD, ranking North Macedonia number #83 out of 183 countries. This means the purchasing power of citizens in North Macedonia is pretty average compared to all the countries in the world.

You get a more detailed idea of GDP and economic growth in North Macedonia in the table below:

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP3,96%
Gross Domestic Product, billions of U.S. dollars13,88
GDP per capita, current U.S. dollars6720,9
GDP per capita, Purchasing Power Parity16464,34

Another significant influencer for the economic risk score is the inflation rate and the interest rates. You get a more detailed idea of monetary KPIs in North Macedonia in the table below:

Monetary KPI'sLatest value
Inflation: percent change in the Consumer Price Index3,2%
Business credit interest rate, percent4,86%

The inflation in North Macedonia was 3,2% in 2021 which is considered a low inflation rate.

Businesses has an interest rate which is 4,86%.

The business environment risk in North Macedonia

Our analysis shows that the business environment risk in North Macedonia is medium (3 out of 6), which is a relatively high risk score in Europe.

Economic freedom and rights determine the business environment risk in a country. The critical facts for North Macedonia in the table below:

Economic freedom indexLatest value
Property rights index (0-100)63
Freedom from corruption index (0-100)42
Fiscal freedom index (0-100)95
Business freedom index (0-100)78
Monetary freedom index (0-100)78,7
Trade freedom index (0-100)77
Investment freedom index (0-100)65
Financial freedom index (0-100)60
Economic freedom, overall index (0-100)69

As you can see in the table, the property rights index is 63 in North Macedonia, which is considered quite low in Europe.

The business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study. The Index is 78 in North Macedonia, a pretty average score for a country in Europe.

North Macedonia's overall economic freedom index is 69 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.

The political risk in North Macedonia

The political risk in North Macedonia is medium-high, with a score of 4/6. This is a high political risk score in Europe.

The governance and political stability indicators are vital drivers for political risk. An overview of North Macedonia can be seen in the table below:

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)-0,08
Government effectiveness index (-2.5 weak; 2.5 strong)-0,08
Control of corruption (-2.5 weak; 2.5 strong)-0,35
Political stability index (-2.5 weak; 2.5 strong)0,12
Corruption Perceptions Index, 100 = no corruption39

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 trading with businesses in a country, the rule of law index is critical as it describes your ability to enforce commercial contracts.

In North Macedonia, the rule of law index is at -0,08 points, with the score going from -2.5 (weak) to 2.5 (strong). North Macedonia 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.

The commercial risk in North Macedonia

In North Macedonia, the commercial risk score is 2/4, which in our model is a low score. This low commercial risk score is relatively low compared to the average in Europe.

The commercial risk is influenced by a country's international trade relationships. You can see some of the key facts for North Macedonia in the table below:

International trade and investment Latest value
Exports of goods and services as percent of GDP65,93%
Exports of goods and services, annual growth12,26%
Imports of goods and services as percent of GDP81,88%
Trade balance as percent of GDP-15,95
Trade balance, billion USD-2.2
Foreign exchange reserves, billion currency units4.13

North Macedonia has a foreign exchange reserve of 4.13 bn. USD.

North Macedonia has a negative trade balance of -15,95% of GDP. This means that North Macedonia imports more goods and services than the country exports.

The annual growth of exports of goods and services has been growing 12,26% annually - now 65,93% of GDP. Import of goods and services represents 81,88% of the GDP in North Macedonia.

The financing risk in North Macedonia

We have calculated the financing risk to be 2/4, which equals a low risk. A low financing risk score is pretty average for countries in Europe.

The country's banking system, efficiency, and stability influence the financing risk. You can find the critical facts for North Macedonia in the table below:

Banking system efficiency and stabilityLatest value
Interest rates on bank credit to the private sector4,86%
Real interest rate: Bank lending rate minus inflation-1,13%
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)9
Credit information sharing index, 0 (low) - 8 (high)7

In North Macedonia, the credit information sharing index is 7 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 North Macedonia is medium-high.

This makes it easy for you to understand the credit risk of your counterpart in North Macedonia. 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 9 out of 12 and, therefore, strong.

The low financing risk for creditors also impacts the medium interest rate in the private sector of 4,86%.

Debt Collection FAQs in Macedonia

How does debt collection work in Macedonia?

In Macedonia, debt collection can be done by the creditor themselves (first-party collection) or delegated to a third party (third-party collection). The process involves friendly reminders to the debtor, followed by several stages like evaluation, surveillance, legal collections, and debt enforcement. With Debitura, we offer a risk-free, no-cure-no-pay option for amicable collections, and a complimentary service of providing three local partner quotes. Legal procedures in Macedonia generally take 12-18 months to complete.

What is the debt collection process in Macedonia?

The debt collection process in Macedonia usually involves three stages: pre-legal collection, legal debt collection, and debt enforcement. It begins with submitting your claim to a debt collection agency. The agency will attempt to amicably collect the debt through reminders and communication with the debtor. If amicable collection fails, the next steps involve evaluation of the claim and choosing one of the three options: surveillance, legal collections, or debt enforcement. The legal procedure can vary based on the nature and magnitude of the claim and typically takes between 12-18 months.

What legal options exist for debt collection in Macedonia?

In Macedonia, if a debt is disputed, a civil lawsuit is required for legal collection. Debt enforcement and insolvency proceedings are also options. Local lawyers are required for legal actions. Our website can help you find and compare quotes from local debt collection attorneys for the legal phase. Legal fees will vary depending on the complexity of the case.

How much does debt collection cost in Macedonia?

"Debitura offers a no-cure-no-pay model for pre-legal debt collection in Macedonia, with a success fee ranging from 10-20%. Prices for legal actions vary per case. Debitura can provide 3 quotes from the best debt collection lawyers in Macedonia for those requiring legal action."

How long does debt collection take in Macedonia?

The duration of debt collection in Macedonia varies based on the debtor and case. If it can be resolved in the pre-legal phase, expect it to take around 3-6 months. However, if it requires legal action, then it usually takes 12-18 months. The process is case-specific, and the timeline could vary accordingly.