You may inquire about the business scope of Chinese companies registered with China’s company registration authority, and then assess whether the Chinese company transacts with you beyond its business scope.
In China, company registration numbers, also known as the ‘unified social credit numbers’, are just like the ID numbers for every company.
Under the huge trade scale, there are, inevitably, considerable purchase payment or advance payment defaults.
Although Chinese companies do not have legal names in English, they may file a standard name in English with the competent Chinese authority.
Compared with debtors in your own country, when debtors in China do not pay, you will encounter many different challenges and consequences.
If you contract with a Chinese company, you’d better have its legal representative sign the contract. This is because he/she holds the core power of the company and will also be responsible for the company.
In China, the Certificate of Registration for Chinese companies is also called Business License (营业执照, Ying Ye Zhi Zhao).
You can check the Company’s Capital in China’s National Enterprise Credit Information Publicity System.
Problems faced by trade dispute settlement are uncertain and therefore more complex, while debt collection only concerns the collection of a specific undisputed debt.
A Chinese company with larger registered capital, especially paid-in capital, usually has larger scale and stronger ability to perform contracts. However, its registered capital or paid-in capital isn’t necessarily equal to its actual assets at a certain point of time.
You can find a Chinese company’s registration information on China’s national enterprise credit information publicity system via the link below.
The Registration Number for Chinese companies is called in Unified Social Credit Code in China. It is a unique 18-digit alphanumeric (letter and number) code.
If the company does not have a business license, or an official seal, or cannot be retrieved in China’s National Enterprise Credit Information Publicity System, then it is definitely a fake company.
You should avoid dealing with a company in suspension, revocation, liquidation or deregistration because it is incapable of performing contracts. Otherwise, you will be exposed to substantial losses and probably fail to claim damages from such a company.
China published a landmark judicial policy on the enforcement of foreign judgments in 2022. This post addresses the newly-introduced criteria for determining reciprocity, which ensures efforts to substantially open the door to foreign judgments.
You need to find the legal Chinese name of the Chinese company, otherwise you cannot be sure who is dealing with you and whom you should ask to execute your contract.
You can find the information of this company on the official website of the Chinese company registration authority.
First things thing, you need obtain its legal Chinese name. Then you need have a check up on the offcial website of the Chinese company registration authority, to see whether the company is legit.
You should verify a Chinese company before entering into a contract to avoid dealing with a dishonest judgment debtor who has lost the capability to perform contracts.
The Certificate of Registration for Chinese companies is called Business License (营业执照, Ying Ye Zhi Zhao). The business license contains basic information that a Chinese company should disclose to the public.
