Qianhai commercial factoring company registration requirements

one、Registration conditions for foreign-funded commercial factoring companies

1. Must provide an overseas company (Hong Kong company) for one or two years
2. Provide audit reports of overseas companies (the company’s profit is less than 10 million Hong Kong dollars)
3. Provide bank credit certificate for overseas companies,The credit certificate must reflect the company's assets, normal transactions, and good credit standing.
4. Notarize and certify all information of overseas companies 2、Commercial factoring application conditions
5. application；
6. Feasibility study report signed by all investors；
7. contract、Articles of Association (Foreign-invested enterprises only submit articles of association)；
8. Bank credit certificates of all investors、Registration certificate (copy)、Identity certificate of legal representative (copy)；
9. Audit reports of the investment parties in the past year audited by an accounting firm；
10. List of board members and letters of appointment of directors from all investment parties；
11. Qualification certificates of senior management personnel；
12. Notice of pre-approval of enterprise name issued by the industrial and commercial administration department；
13. Site use agreement (original) and real estate ownership certificate (copy)；
14. Documents signed by non-legal representatives，A power of attorney for the legal representative should be issued. The main points for establishing a commercial factoring company are:

Require

1. Established as a company，paid-in monetary capital，Registered capital is not less than RMB 50 million；The initial investment in the first phase shall not be less than 20%，The remaining portion must be paid in full within two years；
2. Have at least one investor or its affiliated entity with experience in operating commercial factoring business or related industries；Related entities，refers to an entity controlled by the investor、or an entity that controls the investor、or another entity that is under common control with the investor。

Control means that the controlling party owns more than 50% of the voting rights of the controlled party。

1. Investors in commercial factoring companies should have the appropriate asset scale and financial strength to carry out factoring business，Have a sound corporate governance structure and complete risk internal control system，No recent violation record。
2. When applying for establishment of a commercial factoring enterprise，There should be at least two senior managers with more than three years of management experience in the financial field and no bad credit records.。

senior management，Refers to the general manager (deputy general manager)、business manager、treasurer、Risk control director and operations director, etc.。

1. Commercial factoring companies are not allowed to operate mixed businesses。
2. Have a sound internal control system，including but not limited to financial systems、risk assessment、Emergency response system for major risk events、business process operations

Require

、Monitoring and other systems and asset classification management、Risk treatment measures。

1. The investor has been established for more than one year (the overseas parent company of the qualified foreign investor invests in the establishment of a commercial factoring company in the name of its wholly-owned overseas subsidiary (SPV)，No

Require

Existing for one year)。

Investors have the corresponding asset scale and financial strength to carry out commercial factoring business，Its total assets shall not be less than RMB 50 million and tax must be paid within two years.、customs、Government departments such as industry and commerce and financial institutions have no illegal or bad records。

1. The registered capital of domestic investors in commercial factoring companies has been paid in full.，Foreign investors comply with other laws and regulations

Require

。Foreign investors truthfully disclose the background information and assets of the actual investors。

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