FEB
27
2008
Tips on China company verification Part 4
Filed Under:Supplier Verification | Viewed by: 45369 Persons
How to verify Hongkong Offshore Company
A late happy Chinese new year to all regular and new visiters of chinawhy.net, wish you a happy and prosperous new year ahead. I went back to South China to celebrate the lunar new year with my parents, brother and nephew during the long vocation. Family reunion, delicious South China food, splendid firework on new year’s eve, New year holiday is always too short…
I guess many of you have come across Hongkong-based companies that have address and contact info in mainland China only(mostly in Shenzhen or somewhere else in Guangdong Province), they are Hongkong-base offshore company.
The reason for people in southern China to set up companies in Hongkong mainly are: 1) Hongkong is tax heaven so many companies set up companies in Hongkong to avoid tax; 2) Hongkong have loose company registration regulation compared with mainland China so it is easy for many individual to set up a shell company there. The cost for setting up an offshore company in Hongkong is around RMB10000.
The danger for dealing with an offshore/shell company in Hongkong is that they don’t have a physical presence there in Hongkong, in that case, if any dispute arises from the transaction, you will have nobody/entity to make remedy against in Hongkong, meanwhile you are also not protected in mainland China as you are dealing with a company in Hongkong.
So how can I tell if a hongkong-based company is an offshore company or a real Hongkong company? Here are some clues:
1)call their telephone number in Hongkong to see if anyone answer it(be awared that the phone might be transferred to some place in China by virtual office service provider in Hongkong);
2)visit their address in Hongkong if you can, that is always the best way to tell the shell company, make sure you visit them secretly as virtual office service provider also provide temporary office for those shell company.
3)Mostly they have a company account(which is positive as I mentioned in other company verification articles), but they open account in small foreign bank. State-run banks like Bank of China, Commercial and Industrial Bank of China, China Construction Bank, Agricultural Bank of China are very strict in opening company account. In mainland China, a company account in state-run banks are way safer if you are going to pursue your rights in mainland China.
4) check the company name with The Cyber Search Centre of the Integrated Companies Registry Information System at http://www.icris.cr.gov.hk/csci/,
Chinawhy have verified more than 2000 companies since 2006, our company inspection service covers most part of Mainland China. For detailed information, please call us on 0086 451 8333 0781 or email us at support@chinawhy.net, or simply place your order at here.
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Comments
12 Responses to " Tips on China company verification Part 4 "
- pareena v-kadel on FEB 27th , 2013 10:51 AM
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Barry O'connor on
AUG
12th
, 2012 9:3 AM
For one month ago, i deal with a very legitimate company that sell electronic product, but i feel their marketing want to trick me , she said her company can't send the goods FOB so she told me to search forwarder in china and she said that the company only can deliver the goods in my forwarder address in china only, and she gave me very high price and not negotiable, warranty time count since date of making product not from date of purchase order, and she only deal with PI not sales contract.
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Hassan Sohail on
APR
27th
, 2012 4:5 AM
This company is selling me polyester yarn can your verify if this is a true company or a scam company?
They say they are offical representative of the factory
Heibei Xiusina Textile co LTD . I am confused.
hebei province JinZhoucity development zone
please email on striker_hassan@hotmail.com
CHINA HOSNA GROUP CO .,LIMITED
NO.15 Guang'an street, Qiaodong District, shijiazhuang, china.
Regards,
Hassan
TEL: 86-0311-67663738
FAX: 86-0311-67663126
SKYPE: andy-fan500
MSN: fanlipeng@live.cn
WEB: www.xiusina.com
-
lvspix on
APR
24th
, 2012 2:16 AM
I need to see if a Chinese company is legal, as their prices are extremely low.
Company name: sweethome electronics
Website: http://www.sweethome-electronics.com/
Sales person 'Jing Zhu' zhu.jing78@yahoo.cn
Trading as: XINHE TESHNICAL.CO.,LIMITED
LOCATION: ADD: Futian District, Shenzhen City, Guangdong Province, China
FLAT/RM 1701(390) 17/F
HENAN BUILDING
90 JAFFE ROAD WANCHAI
HK
Certificate number: 587924750000711-9
Beneficiary name ; xinhe technical co, limited
Account number 098-361884-838
Beneficiary bank name: HSBC Hong Kong
Bank address: queen’s road central hong kong
Bank code: 004
Swift address HSBCHKHHHKH
-
momi on
MAR
28th
, 2012 5:35 AM
Hi Good day, I need this company details to be verified for me please: Their website is http://www.szhasai.com .all details are shown in contact us page.I want to do business with this company .but i am not sure that it is Real company or scam..please verify me thanks alot.
-
Kumru kimya on
MAR
24th
, 2012 3:10 AM
can we please verify or send a price enquiry for verification of following company.
www.hbycchem.com -
dheeraj sharma on
OCT
17th
, 2011 6:45 AM
Please verify this company in shenzhen,china. I want to purchase goods from this company.
New One Trading Company Limited
Business Manager: Erika Liu
Email: newone.coltd@gmail.com
MSN: newone.coltd@hotmail.com
Skype: Erika-NewOne
Yahoo Messenger: newone.coltd@yahoo.cn
TEL: 86 755 33674913
MOB: 86 13172448913
Website: http://newonecoltd.com
Office Address: Room 9C, Wealth Building, NO.88 of Fuhua Third Road, Futian District, Shenzhen
-
Zaafarull on
MAY
30rd
, 2011 21:42 PM
See if you help us with this company
money paid not much small no good send as promised
Shanghai Delux Cosmetic Packaging Co.,LTD.
Address: No.258, Nan Huan Road,SongJiang District,Shanghai China
Postcode: 201612
Tel: 0086-21-51078026 Fax: 0086-21-60853398
Website: http://www.cosmeticspack.com
E-Mail: sales@cosmeticspack.com
MSN: cosmeticpack@hotmail.com -
Vasti on
JUN
18th
, 2010 21:43 PM
Hi Good day,
I need this company details to be verified for me please:
Their website is http://www.ezs-fashion.net.cn/aboutus.html if i conclude this business i will have to send alot of money to them and i need to be 101% sure i cant afford to lose money, i want to make money. thankyou -
SALMAN on
JUN
15th
, 2010 1:4 AM
MY NAME IS SALMAN
-
SALMAN on
JUN
15th
, 2010 0:51 AM
ON LINE TRANSFER OF MONEY
-
Ken Hornbuckle on
NOV
21th
, 2009 10:16 AM
I wanted to see if there is a way to see if this company is fraudulent or in good standing. I can't afford the $250 for you to go there but if you have a cheaper way to then I would be happy to do that? I have a picture of there business license but it's in Chinese, so that doesn't help me.
Thank YOu,
Ken
Gain Trust 2020 all one word build 3,lijiang Street, ,xianwen City, wennab, China, 86-0594-6660299
hi,
pls can you check whether this company is fake or real .
HEBEI RUIXI ANTIMONY CHEMICALS CO.,LTD
TEL: +86-311-67900798
ADD: Nanxiao Street, Qiaoxi District, Shijiazhuang City,Hebei
Province. China
there are 2 website ...all so confusing
www.ruixi-antimony.com
www.ruixipaper.com
Thank you very much.
best rgds, pareena