Top-Rated Debt Collection Agency in Malta

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

In Malta, recovering your debt can be done effortlessly.

Debitura specializes in debt recovery services in Malta, with a team of experienced professionals who offer a comprehensive range of solutions that include accounts receivables management, debt collection notices, pre-legal and legal debt collection, as well as enforcement court proceedings. Our proficiency in Malta debt collection laws and regulations enables us to deliver efficient and effective solutions that allow businesses to recover outstanding debts.

Continuous support throughout the entire process.

Tailored collection approach.

We have a team of over 500 experts available to assist with international debt collection.

We achieve a 87% success rate at the most affordable cost.

Introducing Our Malta-based Legal Partners: Expert Debt Collection Lawyers
52, Old Bakery Street, Valletta
Muscat Mizzi Advocates

We are a boutique law firm based in Malta. Our mission is to provide legal services at the highest levels and to be an instrumental part of our clients' success. We do this by integrating legal techniques with industry knowledge and technology in a manner that allows us to meet the needs of our clients. The firm focuses on all aspects of commercial transactions, regulatory compliance, and litigation and has benefited from specialised knowledge in industries that include technology, financial services, entertainment and real estate.

Lawsuits
Legal collection
Debt enforcement
4
2016
Law firm
250 Mdina Road Qormi QRM9014
Credit Mediation Services

Credit Mediation Services is a leader in it's field. We strive to manage your headache while you manage your business

Lawsuits
Legal collection
Debt enforcement
8
2013
Debt collection agency

The ultimate guide about debt collection in Malta

If you are seeking to recover a financial debt from a business or individual in Malta, Debitura is the solution for you. We have a proven track record of successfully recovering debts for hundreds of other businesses in Malta. The process of debt recovery in Malta can be difficult due to language and cultural barriers, foreign laws and customs, and distance. However, by utilizing a collection agency that is proficient in the laws and customs of Malta, the process becomes simpler.

At Debitura, we prioritize the preservation of your customer relationships while still effectively recovering your debt. Our strategies for public relations are fair and firm, with protecting your reputation as our top priority. If you wish to understand the Maltese debt collection process in its entirety, read on. If you prefer to work with a local law firm specializing in debt recovery in Malta, we are here to assist you.

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.

Debitura offers an easy method for collecting debt in Malta and over 192 other countries. Begin by submitting your claim and within 24 hours, our team will evaluate your situation and present you with three complimentary quotes from debt collection attorneys in Malta. Our approach combines a focus on people with cutting-edge technology to achieve successful results while maintaining positive customer interactions. We also rely on a network of trusted debt collectors, attorneys, suppliers, and vendors to efficiently complete the task at hand, valuing all relationships, big or small.

We work with the following process: 
1

Upload claim

Begin the debt collection process in Malta today at no cost. Simply create a free profile and upload your case within 2 minutes.

2

Pre-legal

Our proven pre-legal recovery process will attempt to collect your claim for the first 3 months. It is a no-cure-no-pay solution.

3

Legal

If your outstanding payment has not been settled during the pre-legal phase, we offer you three quotes from our nearby debt collection lawyers.

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 Malta

Are you struggling to receive payment from your Maltese customers? Let us assist you in making the debt collection process effortless.

In Malta, the individual or company who owes money is referred to as the "debtor" and the person or business who issued the debt or invoice is referred to as the "creditor." If the creditor handles the debt collection on their own, it is known as "first-party collection." On the other hand, if the creditor chooses to delegate the process to an external party, it is known as "third-party collections."

The debt collection process in Malta

In Malta, the process of collecting debt typically involves several stages. The illustration below illustrates our standard procedure for collecting debt in Malta.

The debt collection process in <country> here:

1 Upload your claim:

If you don't want to handle your debt recovery on your own, you can begin by finding a debt collection agency and submitting your claim through their website. If you choose to use Debitura, we will offer you 3 quotes from local agencies in the European country that pertains to your case, at no cost and with no obligations.

2 Amicable collection:

Collecting a debt usually starts with sending friendly reminders to the debtor through various communication methods such as email, SMS, and mail. The objective is to get the debtor to either pay or acknowledge the debt and establish a payment plan. Our approach to collection is a "no-cure-no-pay" solution, meaning you only pay a small fee if we are successful in recovering your debt. With Debitura, amicable collection is completely risk-free!

3 Evaluation:

If the debtor has not paid you after attempting amicable resolution, it is necessary to assess your options for proceeding. We will consider the amount of your claim, the likelihood of receiving payment, and other relevant factors to assist you in determining the most appropriate course of action. Typically, there are three options to consider:

A Surveillance:

If the amount of your claim is less than $2,000-5,000, pursuing additional legal action may not be financially beneficial. In such situations, we suggest utilizing "debt surveillance" where we continuously contact your debtor and work towards reaching a mutually agreed upon resolution.

B: Legal collections:

We suggest initiating a legal procedure for bigger claims. The specific procedure varies depending on the nature and magnitude of your claim. Generally, the procedure is anticipated to last for a period of 12-18 months.

C: Debt enforcement:

The bailiff's court can be used to enforce your claim if the debtor has acknowledged it or if you have a court order.

5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"I am extremely pleased with Debitura's outstanding debt collection services in Malta. They have helped me reclaim my unpaid debts efficiently and at a fair price. Thank you Debitura!"
Carla Debono - Accounting Supervisor
5-star user rating5-star user rating5-star user rating5-star user rating5-star user rating
"Debitura's debt recovery services in Malta were absolutely outstanding. They managed to collect our overdue payments in a swift and professional manner, and at a very reasonable cost. We highly recommend Debitura to anyone who needs reliable and efficient debt collection in Malta."
Maria Fenech - Operations Manager
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 Malta

At Debitura, our amicable collection process is completely risk-free and highly effective. All you have to do is submit your claim, and we'll begin working on it within 24 hours. Our team will contact your debtor through various channels in Malta, including email, SMS, letters, calls, and social media.

The goal of this process is to either:

A) get the debtor to pay the full amount or
B) agree to a payment plan.

However, if the debtor disputes your claim, we will proceed with legal collections instead of an amicable resolution.

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 Malta

In Malta, you can use the bailiff's court to enforce your claim if you have either a written acknowledgement from the debtor or a court order.

The method and expense associated with it may differ depending on the unique circumstances of your situation. Submit your case to Debitura to receive three tailored estimates for your claim within a day.

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!

European Late Payment Directive in Malta

As Malta is a member of the European Union (EU), the Directive 2011/7/EU on combating late payments in commercial transactions throughout Europe applies to the country.

The directive includes the following key provisions:

  • It is not permissible for public authorities to demand payment terms exceeding 30 days.
  • It is not permitted for private companies to enforce payment terms exceeding 60 days.
  • If the entity you are seeking payment from is a business, you may charge a €40 fee for delayed payment as a minimum compensation.
  • The interest rates applied to overdue payments must be at least 8% higher than the benchmark rate set by the European Central Bank.

As a member of the EU, the Danish government is prohibited from implementing regulations that are less favorable for creditors than the EEU-wide rules previously mentioned.

Malta country risk profile

We have investigated Malta's critical financial data and extrapolated a risk assessment. You can use this analysis to guesstimate your payment terms and manage your risk when trading with customers in Malta.

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

The analysis is concluding that the risk of conducting business in Malta is low. Based on this low score, You can feel reasonably confident that you will be able to get paid when trading with customers in Malta. Nonetheless, we always recommend doing a specific credit analysis on an individual customer basis before offering any credit. The low risk score is based on the following factors:

Economic Risk:
2
Economic Risk:
2
Economic Risk:
2
Economic Risk:
2
Economic Risk:
2
Economic Risk:
2
Business Risk:
2
Business Risk:
2
Business Risk:
2
Business Risk:
2
Business Risk:
2
Business Risk:
2
Political Risk:
1
Political Risk:
1
Political Risk:
1
Political Risk:
1
Political Risk:
1
Political Risk:
1
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Commercial Risk:
2
Financing Risk:
1
Financing Risk:
1
Financing Risk:
1
Financing Risk:
1

The economic risk in Malta

Economic risk in Malta is low (2 out of 6). An economic risk of 2 out of 6 is relatively low in Europe.

GDP and economic growth are critical drivers for economic risk.
The GDP of Malta is 17,19 bn. USD (2021), growing by 9,41% per year.

In terms of the size of its economy, Malta ranks #120 out of 183 countries and has a medium-sized economy.

Looking at the growth rate, it is ranked #24 out of 183 countries and is therefore considered a fast-growing economy.

GDP per capita is 33257 USD, ranking Malta number #29 out of 183 countries. The result of this is purchasing power of citizens in Malta is high compared to the rest of the world.

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

GDP and economic growthLatest value
Economic growth: the rate of change of real GDP9,41%
Gross Domestic Product, billions of U.S. dollars17,19
GDP per capita, current U.S. dollars33257,42
GDP per capita, Purchasing Power Parity44395,33

Another critical driver for the economic risk score is the inflation rate and the interest rates. You get a more detailed idea of monetary KPIs in Malta in the table below:

Monetary KPI'sLatest value
Inflation: percent change in the Consumer Price Index1,5%

The inflation in Malta was 1,5% in 2021 which is considered a very low inflation rate.

The business environment risk in Malta

Our analysis shows that the business environment risk in Malta is low (2 out of 6), which is a pretty average risk score in Europe.

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

Economic freedom indexLatest value
Property rights index (0-100)68
Freedom from corruption index (0-100)55
Fiscal freedom index (0-100)69
Business freedom index (0-100)68
Monetary freedom index (0-100)77,1
Trade freedom index (0-100)84
Investment freedom index (0-100)85
Financial freedom index (0-100)60
Economic freedom, overall index (0-100)70

As you can see in the table, the property rights index is 68 in Malta, 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 68 in Malta, a quite low score for a country in Europe.

Malta's overall economic freedom index is 70 out of 100 and is based on factors such as the rule of law, regulatory efficiency, and market openness.

The political risk in Malta

The political risk in Malta is very low, with a score of 1/6. This is a low political risk score in Europe.

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

Governance and political stability indicators Latest value
Rule of law index (-2.5 weak; 2.5 strong)0,86
Government effectiveness index (-2.5 weak; 2.5 strong)0,89
Control of corruption (-2.5 weak; 2.5 strong)0,32
Political stability index (-2.5 weak; 2.5 strong)0,97
Corruption Perceptions Index, 100 = no corruption54
Shadow economy, percent of GDP29,43%

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 Malta, the rule of law index is at 0,86 points, with the score going from -2.5 (weak) to 2.5 (strong). Malta has, therefore, a very high rule of law index, which means you have a very good chance of enforcing your contracts. If your individual customers have good creditworthiness, you should therefore feel relatively safe when providing credit.

Other drivers for the very low political risks are the weak control of corruption, the average political stability index, and the large shadow economy that is 29,43% of Malta's GDP.

The commercial risk in Malta

In Malta, 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 Malta in the table below:

International trade and investment Latest value
Exports of goods and services as percent of GDP148,43%
Exports of goods and services, annual growth8,18%
Imports of goods and services as percent of GDP135,04%
Trade balance as percent of GDP13,4
Trade balance, billion USD0.55
Foreign exchange reserves, billion currency units1.15

Malta has a total of foreign exchange reserves of 1.15 bn. USD.

Malta has a positive trade balance of 13,4% of GDP. This means that Malta imports fewer goods and services than the country exports.

The annual growth of exports of goods and services has been growing 8,18% annually - now 148,43% of GDP. Import of goods and services represents 135,04% of the GDP in Malta.

The financing risk in Malta

We have calculated the financing risk to be 1/4, which equals a very low risk. A very low financing risk score is relatively low for countries in Europe.

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

Banking system efficiency and stabilityLatest value
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong)2
Credit information sharing index, 0 (low) - 8 (high)5

In Malta, the credit information sharing index is 5 on a scale from 0 (low) to 8 (high). The result of this is accessibility and quality of credit information available in Malta is medium.

This makes it not that easy for you to understand the credit risk of your counterpart in Malta. Unless you have found a good source for credit ratings or know your specific customers well, we suggest charging payment upfront or using credit insurance.

Your rights as a creditor are 2 out of 12 and, therefore, very weak.

Debt Collection in Malta: Frequently Asked Questions

How does debt collection work in Malta?

In Malta, debt collection typically involves sending reminders to the debtor through various means such as email, SMS, and mail. If the creditor chooses to delegate the process to an external party, it is known as "third-party collections." After attempting amicable resolution, if the debtor does not pay, there are typically three options to consider: debt surveillance, legal collections, or debt enforcement. The specific procedure for legal collections and debt enforcement varies depending on the nature and magnitude of the claim. With Debitura, amicable collection is completely risk-free!

What is the debt collection process in Malta?

The debt collection process in Malta typically involves three stages: pre-legal collection, legal debt collection, and debt enforcement. It starts with submitting your claim to a debt collection agency. Friendly reminders are then sent to the debtor, followed by an evaluation of your options. For smaller amounts, debt surveillance can be used. For larger claims, legal collections are initiated, and if necessary, debt enforcement can be pursued through the bailiff's court. Debitura offers a risk-free, "no-cure-no-pay" solution for amicable collections.

What legal options exist for debt collection in Malta?

In Malta, if your debt is disputed, a civil lawsuit is necessary for legal collection. Debt enforcement and insolvency proceedings are also options. A local lawyer is required for legal actions. Contact our debt collection lawyers who can assist with legal proceedings and provide payment agreements. Costs depend on the complexity of the case, and it is recommended to compare estimates using Debitura.

How much does debt collection cost in Malta?

The cost of debt collection in Malta varies. Debitura offers a no-cure-no-pay model for pre-legal collection with a success fee between 10-20%. The price for legal actions depends on your case and desired actions, but Debitura can provide you with 3 quotes from the best debt collection lawyers in Malta.

How long does debt collection take in Malta?

The duration of debt collection in Malta varies depending on the debtor and the specifics of the case. In the pre-legal phase, debts can be resolved within three to six months. However, if legal action is required, the collection process can take longer, typically lasting between 12 to 18 months.