Commercial factoring company registration conditions and procedures

Commercial factoring company registration conditions and procedures Commercial factoring company registration conditions and procedures For many small and medium-sized enterprises in China，Difficulty in receivables or lack of funds when receivables are not due has always been a major challenge。Facing more and more such problems，Commercial factoring companies came into being。

As a company specializing in accounts receivable collection、Commercial factoring company providing services such as credit risk control and bad debt guarantee，It currently has huge development potential and broad development prospects.。at the same time，The commercial factoring industry is also an industry that the country strongly encourages the development of today.。 So，What are the registration conditions for a commercial factoring company? Is the process of registering a commercial factoring company complicated? one、Commercial factoring company registration conditions Commercial factoring companies are divided into domestic-funded registration and foreign-funded registration.。

This article mainly introduces the conditions for foreign-funded companies to apply for commercial factoring company registration.。

1. Foreign registered commercial factoring company

Require

The minimum registered capital is RMB 50 million，And the registered company can take the form of a limited liability company or a joint stock company；

1. Reputation

Require

：Foreign enterprises applying to register a commercial factoring company should have a good credit record and rich experience in factoring business.，And the assets exceed RMB 50 million，Bank deposit must not be less than 10 million；

1. If the applicant registers a limited liability commercial factoring company，The operating period shall not exceed 30 years；
2. A commercial factoring company must have at least two senior managers，And have a good credit record and management experience in the financial field。
3. Enterprises registering commercial factoring companies should have a complete internal control system，Including but not limited to business process operations、monitor、Risk assessment, etc.。
4. Allow Sino-foreign joint ventures to apply for commercial factoring company registration。

two、Commercial factoring company

Registration process

1. When an investor establishes a foreign-funded commercial factoring enterprise，Applications should be submitted to the Pilot Free Trade Zone Management Committee first，Application materials include：Department personnel qualification certificate、Documents proving that the investor operates relevant industries、Investors’ audit reports for the past year, etc.。
2. Sign an agreement；
3. Submit information through the online service hall of the Industrial and Commercial Bureau；
4. Wait for the approval to print the license and determine the tax type and apply for the bank tax agreement.；
5. Sign an agency accounting agreement。 After meeting the above conditions，You can apply for commercial factoring company registration。 The above content is written based on actual registered commercial factoring companies.

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