Foreign banks, buyers, and investors can check the legal details, owners, financial condition, and international business profile of a Ukrainian company in the international D&B database.
A Ukrainian entrepreneur may consider their company well-known and reliable; however, for a new foreign bank, buyer, investor, or procurement specialist, it remains a legal entity whose information needs to be verified.
The verification often begins even before the first meeting. A potential partner may search for the legal name, address, telephone number, date of establishment, status, type of activity, management, ownership structure, subsidiaries, and other corporate relationships.
Additionally, financial indicators, payment behavior, credit ratings, legally significant events, sanctions risks, and the consistency of information obtained directly from the company with independent sources may be analyzed.
The D-U-N-S Number is one of the keys through which foreign organizations can identify a legal entity and obtain related corporate information. Basic data may include the legal name, company type, address, telephone number, as well as information about branches or subsidiaries.
“Companies are accustomed to checking their partners, but they analyze far less often how they themselves look in the eyes of the international market. Managing one’s own business profile should become just as much a part of corporate hygiene as financial reporting, auditing, or the legal verification of documents,” says Maksym Urakin, Director of Development and Marketing at Interfax-Ukraine, Head of the D&B-Interfax-Ukraine business unit, PhD in Economics.
The most common problem is not the presence of negative information, but discrepancies between different sources. For example, a contract may contain one English-language company name, an international database may contain another, while the website may show only a trademark without specifying the legal entity.
Such discrepancies do not necessarily indicate a violation, but they may delay the opening of an account, supplier approval, registration on a platform, investment due diligence, or the conclusion of a contract.
A Ukrainian company should regularly check its own international profile and update it after changes to its address, contact details, manager, name, or ownership structure.
It is also important to ensure that the official website, corporate email, banking documents, contracts, and international records contain consistent information.
D&B business credit reports can be used to assess creditworthiness, payment behavior, ownership structure, and legal events. Such data help creditors, suppliers, and other partners make decisions regarding the terms of cooperation.
Dun & Bradstreet is an international provider of business data and analytics that has been operating since 1841. The company’s data are used in finance, compliance, procurement, sales, marketing, and corporate information management.
The Interfax-Ukraine News Agency became the official representative of Dun & Bradstreet in the Ukrainian market after concluding a licensing agreement. The D&B-Interfax-Ukraine division helps companies obtain a D-U-N-S Number, verify their own data, and work with international business reports. Interfax-Ukraine has been operating since 1992, produces more than 50 information products, and is headquartered in Kyiv.
