If you are considering starting your own debt collections company , then WSR can assist you. Through direct government contacts we are able to obtain debt recovery licences with no required paid up capital and no lengthy requirements. In short a full service with reasonable fees.
The license allows you to offer the full service of debt recovery to clients. You may collect third party client funds from the debtor into your account and forward these funds to the final creditor . You may set your own rate for the fees you charge. You may issue collection notices and warnings to debtors and also carry out investigations into debtors assets. The debt collection company may conduct business world wide through the internet securing clients from all over the globe. It may also open as many representation branches as it wishes. For this purpose we recommend the use of our virtual office service. The actual license is held by a specifically registered offshore corporation. This provides vast legal advantages, as well as keeping all the profits from the debt collection company tax free and indemnifies the directors from any possible liability. The debt collection license application takes 2-4 weeks. Costs are as follows:
| Debt Collection license |
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| part 1 |
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 formation of a special offshore company as license holder including: |
1.900,- Euro
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name check
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preparation of memorandum |
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preparation of articles |
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preparation of registration forms |
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filing with the registrar of companies |
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payment of filing fees |
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certificate of incorporation |
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share certificates |
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premium binder with all certificates |
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minutes of board meetings |
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resolution to open a bank account
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resolution to rent an office |
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resolution to appoint a company lawyer |
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resolution to appoint an accountant |
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employment agreement |
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employee nondisclosure agreement |
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employee invention agreement |
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unlimited power of attorney |
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limited power of attorney
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sales contracts
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register of directors
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register of shareholders
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CD-rom with business forms and templates |
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shipping |
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| part 2 |
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debt collection license authorisation including: |
4.900,- Euro
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verification of legalities |
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preparation of application documents |
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filing of application documents |
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communication with authorities |
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delivery of authorisation certificates |
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| Fees debt collection license |
6.800,- Euro
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If you experience problems opening the order form,
please call customer support at .
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You can add the following services to your license:
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| optional | additional services |
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premium binder with all certificates |
included
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nominee service through lawyers |
1.900,- Euro
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Information:
For the highest level of privacy protection we offer a lawyer as nominee director who issues a power of attorney for you. This ensures that your personal information is not submitted to any authority. Only lawyers are able to provide this level of protection. Watch out when comparing with other offers.
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| optional | virtual offices |
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standard virtual office at a reduced rate per year |
190,- Euro
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professional virtual office at a reduced rate per year |
990,- Euro
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Information:
Both virtual office services include a prestigious address with phone and fax numbers. The standard Edition will direct calls to an answer machine with your company greeting and recorded messages are then sent via Email. The professional Edition includes permanent live call forwarding to any number world wide.
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| optional | bank account |
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offshore bank account |
990,- Euro
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Information:
Our account opening service offshore Banking offers feature rich business checking accounts. The accounts offer multi currency service, phone banking, internet banking, cheques, ATM- and credit cards. There is no check on your credit history. Offshore banks offer the highest level of privacy protection and are tax free.
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| optional | add-ons |
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creation of a company logo |
49,- Euro
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company rubber stamp |
49,- Euro
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company seal |
49,- Euro
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company name plate |
49,- Euro
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| Recurring fees from 2nd year on |
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renewal |
1.900,- Euro
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incl. maintenance |
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incl. registered office |
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incl. registered agent |
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incl. offshore flat tax |
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Summary of allowed activities
Below is a list of services the debt collection company is allowed to offer. |
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contact debtors by telephone |
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issuance of debt recovery notices |
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credit checks on debtors |
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investigation of assets of debtors |
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collection of debtor funds into company account |
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forwarding of funds to creditors |
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purchase debts from creditors |
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