When your business has customers in the China, making sure you get paid and paid on time can be a difficult and complex task.
Who can help you to collect your debts legally in China? In China, only licensed law firms and licensed lawyers can help you collect your debts from China.
In 1995, National Public Security Bureau and State Administration for Industry and Commerce issued together one regulation prohibiting organizations and individuals to setup Debt Collection Companies. The theory base of this regulation is, debt collection and recovery is a sort of law service, and only licensed Chinese lawyers are allowed to offer clients with Chinese law services. And in 2000, State Economic and Trade Commission (under National Peoples Congress), National Public Security Bureau and State Administration for Industry and Commerce issued together another notice named “fighting against illegal debt collection companies severely”. In fact, if according to the 1995 regulation, all debt collection companies in China are illegal.
The standard operation procedure of debt collection via legal actions shall be:
A smooth payment process drives sales. Making sure you get paid in a timely manner can prove difficult once you doing business in China. By using a well debt collection service in China you can save time, money and effort, entering new markets with less risk to your business.
PBM provides free referral to our valuable clients to licensed attorney office for Debt Collection Service in China. Please email us at email@example.com to consult.