1.3 Verification Of The Business License

Verification of the scan of the business license that has been provided by the potential cooperation partner is possible by comparing the information on the document with the information registered at the branch office of the Administration of Market Regulation that has reviewed and approved the incorporation of the company subject to verification within their jurisdiction. Alternatively, the information can partly be verified online via the National Enterprise Credit Information Publicity System (NECIPS).

This unit provides a general verification checklist of the items included in the business license. Any question in the checklist answered with a “No” is a least to be considered a red flag as it raises suspicion and requires clarification.

1         Company Registration Number

The correctness of the company verification number can be verified following the questions listed below:

2         Company Type

The correctness of the company type can be verified following the questions listed below:

3         Company name

The correctness of the company name can be verified following the questions listed below:

4         Registered Address

The correctness of the registered address can be verified following the questions listed below:

5         Registered Capital

The correctness of the registered capital can be verified following the questions listed below:

6         Incorporation Date

The correctness of the incorporation date can be verified following the questions listed below:

7         Business Period

The correctness of the business period can be verified following the questions listed below:

8         Business scope

The correctness of the business scope can be verified following the questions listed below:

9         QR Code

The correctness of the QR code can be verified following the questions listed below:

10       Signatory Section

The correctness of the signatory section can be verified following the questions listed below:

11       Signatory Date

The correctness of the signatory date can be verified following the questions listed below: