Debt Collection License

Debt collection license, nominee service and bank accounts

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
part 1
formation of a special offshore company as license holder including:	1.900,- Euro
name check
preparation of memorandum
preparation of articles
preparation of registration forms
filing with the registrar of companies
payment of filing fees
certificate of incorporation
share certificates
premium binder with all certificates
minutes of board meetings
resolution to open a bank account
resolution to rent an office
resolution to appoint a company lawyer
resolution to appoint an accountant
employment agreement
employee nondisclosure agreement
employee invention agreement
power of attorney
sample letterhead
sales contracts
register of directors
register of shareholders
CD-rom with business forms and templates
part 2
debt collection license authorisation including:	4.900,- Euro
verification of legalities
preparation of application documents
filing of application documents
communication with authorities
delivery of authorisation certificates
Fees debt collection license	6.800,- Euro

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If you experience problems opening the order form,
please call customer support at +44 (20) 7117 0 700.

You can add the following services to your license:

optional | additional services
premium binder with all certificates	0,- Euro
nominee service through lawyers	1.900,- Euro
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.

optional | virtual office
1 year standard virtual office	190,- Euro
1 year professional virtual office	990,- Euro
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.

optional | bank account
offshore bank account	990,- Euro
Information: Our account opening service offshore Banking offers feature rich business checking accounts. The accounts offer internet banking, multi currency services, cheques and a VISA card with a daily limit of 10.000,- Euro to withdraw cash at any ATM worldwide. There is no check on your credit history. Offshore banks offer the highest level of privacy protection and are tax free.

optional | add-ons
creation of a company logo	49,- Euro
company rubber stamp	49,- Euro
company seal	49,- Euro
company name plate	49,- Euro

recurring fees from 2nd year on
company renewal	1.900,- Euro
incl. maintenance
incl. registered office
incl. registered agent
incl. offshore flat tax

summary of allowed activities
Below is a list of services the debt collection company is allowed to offer.
contact debtors by telephone
issuance of debt recovery notices
credit checks on debtors
investigation of assets of debtors
collection of debtor funds into company account
forwarding of funds to creditors
purchase debts from creditors

Contact us

We are always glad to receive your phone call. Our team of experts are on hand to answer any questions you may have, free of charge and without obligation. So don't hesitate to contact us.

Phone: +44 (20) 7117 0 700
It is currently  in London

Office hours: Monday to Friday (UK time)
9.00 am to 12.00 noon and 1.00 pm to 6.00 pm

If you prefer you can also contact us using the below message box or Email us. We always try to answer the same day. Are you an existing client of WSR? Your Email address: Your Message: