How to check company in Ukraine
World changed. Information became more open and available. However, if 5 years ago it was hard to access information, now it is hard to fish out information in the ocean of data, assess, process it and convert in actionable and understandable intelligence.
This article is to how to find intelligence that allows to check existence and, to some extent reliability of company in Ukraine yourself.
First of all you should correctly identify the company you want to check. All Ukrainian companies have local ID, which is called EDRPOU (ªÄÐÏÎÓ). It is public, so just ask it from company you want to check or see it in the contract, invoice, letterhead, company papers, etc.
Unfortunately, if you don’t have EDRPOU, don’t know Ukrainian and have no Cyrillic on your keypad, it would be quite a challenge to surf Ukrainian language sources of information. Don’t panic though. Just fill out form “Get report free” at our website https://gcs-ukraine.com/en/due-diligence-2/, putting 000000 in ID field and we will help you with basic search for FREE.
But, if you have EDRPOU you can make several most crucial checks of a company yourself.
Bankruptcy check Ukraine
The most reliable way is to visit web-site of the Supreme Economic Court of Ukraine http://vgsu.arbitr.gov.ua/pages/157. It is in Ukrainian, but using page search keyword (ªÄÐÏÎÓ) you may find necessary field, type in ID and see if any result appears below. Results would be in Ukrainian, but rule here is simple: good result is no search results at all. If you see results, it means company is somehow in bankruptcy or liquidation. Do not even try to work with them.
Check company shareholders and management Ukraine
To check company registration data Ukraine, visit web site of Ministry of Justice of Ukraine https://usr.minjust.gov.ua/ua/freesearch. It is also in Ukrainian. You should put check mark for the second option “Þðèäè÷íà îñîáà” then put EDRPOU in the bottom search field. Pass CAPTCHA anti-robot protection and you will get result of company registration information Ukraine. Click on the button to get details.
Again, all details are in Ukrainian but you may copy content and Google translate it to get idea about the company. Pay attention on the registration date (the older company is, usually is the better) and check registered activities (ideally they should more or less match with your understanding of company’s services). No need to say, you should check who registered director is and if the same person is signing papers (e.g. contract with you).
Obviously, if you don’t find company there at all, it is bad sign – company does not exist.
Check company court records Ukraine
These checks may have limited value if you do not know Ukrainian, since you won’t be able to understand content of court decisions, but still it is worth to try search here http://reyestr.court.gov.ua/. Just put the name of the company in Ukrainian in the top search field, using brackets for exact search, like in Google. You may copy-paste name from some documents or from the results of check on Ministry of Justice Website (see “Check company shareholders and management Ukraine”).
Rule of search is simple: definitely good result is no search results at all. If you see results, it doesn’t mean anything bad, it just means company was somehow involved in some litigations (may be as plaintiff, or third party). However you would need somebody to check it and explain the nature of those litigations, whether they are not about debts or criminal cases or so.
Check company tax records Ukraine
This check will help you to get idea on company tax reputation in Ukraine, though you will need Cyrillic on your keypad to pass CAPTCHA anti-robot protection.
So, visit http://sfs.gov.ua/businesspartner. It is in Ukrainian, but using page search keyword (ªÄÐÏÎÓ) you may find necessary field and type in ID. You will need Cyrillic keypad to fill CAPTCHA field, then see if any result appears below. Results would be in Ukrainian, but website highlights them. Green color means some normal record and red one means negative record (like tax debts). See red color result? Google translate it to see what it is about and think twice before dealing with that company.
Basically that is everything you can do without knowledge of language, local ID, subscription databases and other sources of information and investigative methods known to risk management company in Ukraine.
Whether such basic check does not satisfy your needs, apply to us.
We may offer fast and inexpensive risk management solution in form of credit report https://gcs-ukraine.com/en/credit-reports-in-ukraine/
or more advanced and comprehensive risk management solution in form of due diligence investigation https://gcs-ukraine.com/en/due-diligence-2/