Return to site

What is Know Your Customer / Vendor Form?

What we do for clients to evaluate their new business partners (Working diary August 8, 2024)

August 7, 2024

When we are working for our clients especially clients of standing counselor, sometimes the clients need to know the operation situation of a new supplier / vendor/ customer / business partner in China, and as per some public database, we will be able to help clients to find (to investigate and get, or do due diligence) these information listed in below attached form which could be called Know Your Vendor / Customer form, including but not limited to

Company name

Established date

Registration address

Business scope

Registered capital

Actually remitted-into-company capital

Present shareholders

Shareholders history

Present high management

High management history

Quantity of staff for whom company paid social insurances

Ever involved in litigation cases as the plaintiff?

Ever Involved in litigation cases as the defendant?

Investigation Conclusion

 

Additionally, we can also help clients to do investigation on shareholders' citizen identity information, but this job need to be done at site in most provinces in China, that is, we will hire local investigator to go to local governmental department, and get the citizen identity information of the shareholders, sometimes in this way we can find some shareholders as well as high managements are fake ones, while this is the typical trick of some fraud companies.

Fake shareholders and high managements means the scammer hired some nobodies, like peasants in remote rural areas who might never accept any school education at all, or only primary school education, as the shareholders and high management of the company, but hide themselves as normal employees of the company, and you can not find their name in company's registration information (shareholders and high management), when you have dispute with them, and sue them, then you will not be able to find the troubles of the real scammers. Of course if you can find their shareholders / high managements are obvisouly fake ones, the best choice is to stop your business with them.