This paper aims to review the impact of different factors influencing the corrosion resistance of electroless Ni-P based coatings. Emphasis has been given onto the impact of phosphorus content, incorporation of alloying elements, addition of particles and heat treatment which have been discussed in detail and critically reviewed. The effect of corrosive media and coating process parameters on corrosion resistance are studied concisely. Furthermore, the role of the incorporation of various elements and particles' contents on the corrosion resistance of electroless Ni-P coating are studied systematically. This paper also presents an overview of the latest electrochemical corrosion measuring techniques. The following approaches deserve special attention in the analysis: localized electrochemical impedance spectroscopy (LEIS), scanning vibrating electrode technique (SVET), scanning ion-selective electrode technique (SIET), scanning droplet cell (SDC), scanning electrochemical microscopy (SECM), scanning Kelvin probe (SKP) and novel contactless technique (NCT). © 2021 Walter de Gruyter GmbH, Berlin/Boston.