When doing business in the EU, you have to know your business partner!
What?
VeriBiz helps you verify, document, and monitor the identity (legal existence) of your company’s business partners.
The verification is performed using the official, national business registries.
Why?
All EU companies are via EU regulation 2011/282 obligated to verify the VAT number of their non-domestic EU trading partners. The requirement is justified by the massive problem with EU VAT fraud.
How?
VeriBiz offers two very different solutions:
- VeriBiz Monitor “connects the company’s business system with the combined EU VAT and business registries”, and automatically verifies all the company’s trading partners – every day!
- VeriBiz Check+Log is a somewhat simpler, manual solution for the user who need to verify few trading partners – on adhoc basis.