2.What information about the Chinese company should be verified before transaction?

A foreign business entity should at least check some important information about the actual controller (controlling shareholder), registered capital, paid-up capital, company status, etc of the Chinese company that you are going to trade with.

2.1 The specific and basic company information you should know is as follows:

Official Company Name

Registration Status

Business Operations Status

Registration Number

Registered Address

Company Type

Date of Establishment

License Expiry Date

Legal Representative

Supervisor

Registration Bureau

Registered Capital

Paid-up Capital

Staff Size

Business Scope

Director Name

Director Title

Shareholder Name

Shareholder Holding

Date of Latest Investment

Beneficiary natural person name

Actual Control Person

2.2 How to acquire the basic information of a Chinese company?

In China, legally registered companies are issued a business license by the Market Supervision Administration. Although the business license is only one piece of paper, it shows the most important information about the company. Generally, the business license contains the following 9 important information: unified social credit code, company name, company type, legal representative, registered capital, date of establishment, business term, and business scope.

How to verify the authenticity of the business license of a Chinese company, please follow the above introduction to enter the official website of National Enterprise Credit Information Publicity System, and follow the method introduced above to enter the Chinese name of the company to search the query, if the query result and the company name on the business license have been, then this business license is authentic. Of course, before searching, you need to get the electronic version of the business license from the Chinese company.

After obtaining the name of the Chinese company, compare it with the signature on the contract to confirm if it is the same company. In the future, if a dispute arises between the two parties over the performance of the contract, the company with the signature can be legally identified as the subject of legal action, and the foreign business entity can file a lawsuit or arbitration against the Chinese company.

Why should you check the import and export qualification of a Chinese company?

When you need to import a product or technology from China, the company in China should have import/export authority. Otherwise, the transaction cannot be completed.

How to check the import/export qualification of Chinese companies?

I would recommend an official website to check the information. Specific operation is as follows:

3.1.1 Visit the official website http://credit.customs.gov.cn/. The below web page appears.

China Company Due Deligence & Credit Report

$119.00

Unlocking Opportunities Shielding RisksYour Legal Adviser in China

Bridge the gap between China and the world with our due diligence services.Legal Assurance for Your China Journey: Trustworthy Guidance, Every Step !

Unlocking Opportunities Shielding Risks
Your Legal Adviser in China

Bridge the gap between China and the world with our due diligence services.
Legal Assurance for Your China Journey: Trustworthy Guidance, Every Step !