Staying Safe While Doing Business with International Companies

January 15, 2023

Financial crime can affect the entire world, from the individual to the entire economy.

Some criminals pose as businesses to scam you out of money or commit other crimes.

It is important to be aware of who you are actually doing business with.

Doing business out of your own country can be especially dangerous, since you can’t verify the company with your own sight.

When doing business in Asia, it is good to know how to do a Taiwan company check or a Singapore company check.

How to do a company check

The process of doing a company check is different per country and at times per region.

Some countries make it easy to verify a company’s legitimacy, and others have fewer rules when it comes to registering businesses.

The first step in doing a company check anywhere in the world is asking for a business licence or registration numbers.

In Taiwan, businesses opened before 2001 will have a business licence, but any opened after then you will likely find that they will show you their registration document.

To verify the information, you will need to hire a company to do the check, due to language barriers, or use the department of commerce site.

For Singapore businesses, you would check the information with the National Business Registry of Singapore, ACRA — this can be done with just a company name and verified by matching the UEN (registered identification numbers).

roadblocks or red flags

One of the biggest roadblocks you may have when doing a company check in Singapore or Taiwan is the language barrier.

Most information on licences, registration, and government sites is in the country's native language, not English.

If you have done a company check and notice that the information does not match, you may be dealing with a scammer or criminal.

Other red flags that may indicate an illegitimate business are:

  • Refusal to provide information
  • Aggressive attitude
  • Or acting sketchy

What to do if you encounter an issue

So, you found an illegitimate business from another country, now what?

The first step is to save all the evidence — any proof you did business with them, their licence information, or registration, and any messages that may prove their guilt.

After saving the information, contact the Federal Trade Commission (FTC) in America, the attorney general, or the local government for the country the company is in.

By filing a report, you help keep the business from scamming anyone else or committing other crimes.

Doing business internationally can be beneficial in saving you money and the ability to find things not available in your home country, but it can be dangerous.

It is vital to know how to do a Taiwan company check or a Singapore company check if you are doing business in these countries.

Checking the business licence information against the information filed with the government is the best way to know if the business is legitimate.

If you find an illegitimate business, do not exchange money with them and report them to the FTC or their local government.


Carlos Diaz
I believe in making the impossible possible because there’s no fun in giving up. Travel, design, fashion and current trends in the field of industrial construction are topics that I enjoy writing about.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
March 4, 2024
Glamourous Lounging: Discovering the Hottest Designer Sofa of 2024

The size of sofas is increasing. Expansive corner couches now occupy half of our living rooms, loveseats have mostly supplanted smaller armchairs, and modular pieces are proliferating. Our progress in this direction will only accelerate as we fully embrace the pleasures of relaxation in 2024. If you're in the market for a new sofa for […]

Read More
March 4, 2024
Unlocking the Best Stays: Your Comprehensive Guide to Finding the Ideal Accommodation in Hunter Valley

Renowned worldwide for its extraordinary vineyards, Hunter Valley is a magical place characterised by its mesmerising landscapes and an array of delightful outdoor activities. The appeal of this region doesn't stop at its picturesque views, but continues with its thriving gourmet dining scene that attracts food lovers from far and wide. Hunter Valley is a […]

Read More
March 4, 2024
The Comprehensive Guide to Becoming a Master at BBQ: Explore the Intricacies of Smokers and Grills

Australians are well-acquainted with summer. It brings along sandy beaches, ongoing cricket matches in the backyard, and the quintessentially Aussie BBQ that is an integral part of a true blue summer. Enhancing your BBQ proficiency, whether you are an amateur or a seasoned pitmaster, can transform your barbecuing experience, taking it to newer heights. Departing […]

Read More
Welcome to Urban Splatter, the blog about eccentric luxury real estate and celebrity houses for the inquisitive fans interested in lifestyle and design. Also find the latest architecture, construction, home improvement and travel posts.
© 2022, All Rights Reserved.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram