How to verify a company’s legitimacy in China
In 2014, China’s State Administration of Industry and Commerce (SAIC) launched the National Company Credit Information System (NCCIS).
The NCCIS is an online resource to provide free information about Chinese companies to the public. It is much more reliable than other sources, as the information is hosted on a Chinese government website. However, it is important to note that this resource is only in Chinese; there is no English equivalent.
Refer to Ryan's Top Tips for Veryifying a Legitimate employer in China: http://www.connective.com.au/broker-resources/ryans-top-tips-for-verifying-the-employment-of-chinese-borrowers-read-in-english/?_ga=2.19583294.745136550.1496281614-2118905826.1493240528
What is SAIC?
SAIC is the Chinese authority in charge of market supervision, regulation and related law enforcement through administrative means.
It is responsible for creating a regulated market environment of fairness and transparency, and contributes to maintaining market order. It protects the legitimate rights and interests of businesses and consumers by carrying out regulations in the fields of enterprise registration, competition, consumer protection, trademark protection and combating economic illegalities.
SAIC also takes charge of business coordination among local Administrations for Industry and Commerce (AICs) at/below provincial level nationwide, and gives relevant guidance.
For more information, refer to the official website of SAIC:
Comments
0 comments
Article is closed for comments.