How to check a non-resident company?

As the business grows, it becomes necessary and expedient to conduct foreign economic activity, which means the implementation of export-import operations in relation to goods and services. Such a process should normally begin with checking the counterparty.

The minimum algorithm for checking a non-resident counterparty includes the following steps:

1. It is necessary to check the data from the scanned extract from the commercial/judicial register or the register of companies with the data from the registries available online. If it is possible to search by address, then this must be done. So you can find places of mass registration of companies. Sometimes business centers fall into this category, but you will be prepared when exactly such a clarifying question will be asked by the bank when making settlements with this counterparty. Also ask if the directors and founders of the counterparty are the owners of other companies whose interests are contrary to your business.
2. It is necessary to check the presence of the company, its directors, founders, owners and beneficiaries in the list of sanctions:

• NSDC, otherwise you will have a lot of trouble (https://sanctions-t.rnbo.gov.ua/);
• SDN list (https://sanctionssearch.ofac.treas.gov/);
• special sanctions of the Ministry of Economic Development (https://www.me.gov.ua/SpecialSanctions/List);
• OFAC.

3. It is necessary to check the presence of interconnected companies in Ukraine, for hire in the "Free request of the Ministry of Justice", the data of the Opendat and "League: counterparty", if possible - in YouControl.

4. Just Google.

5. In the court register of Ukraine - https://reyestr.court.gov.ua/.

In the database of InstaDoc templates you can find agreements, contracts and related documents designed to document foreign economic activity

When filling in the register of counterparties (Menu - My counterparties), the data of the contracts will be filled in automatically

If the database does not contain the document you need, we can add it to the database or develop it individually for your situation!

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