How to set up a new commercial factoring company

How to set up a new commercial factoring company How to register a commercial factoring company How to register a commercial factoring company， Hong Kong Xintong-Tell you：Settled in Qianhai，For businesses，This means that cross-border loans can be、finance lease、Commercial factoring and other means，with lower cost of capital、Obtain overseas financing with higher leverage，The cost savings may be greater than the tax benefits based on net profit calculations，The key is to provide a valuable blood transfusion channel for business operations.，Conducive to business innovation and sustainable operations of enterprises。

Take cross-border lending as an example，As of the end of last year，The short-term loan interest rate for cross-border loans is *%，*is 5.00%；The medium- and long-term loan interest rate* is 4.00%，*is 6.00%。Compared with bank loan interest rates during the same period，The capital cost of cross-border loans is generally 1 to 2 percentage points lower，If compared with the domestic social lending interest rate，The cost savings are even greater。What conditions need to be met to register a commercial factoring company in Qianhai?

Let’s take a look at the following reference、Registration conditions：(1) The registered capital of the company shall not be less than RMB 50 million，All are paid-in monetary capital，And the source is authentic and legal。(2) The main investor should be corporate legal persons and other social and economic organizations，And the total assets in the year before application are not less than 50 million yuan。(3) Overseas investors of commercial factoring companies or their affiliated entities should have performance and experience in factoring business。

(4) A commercial factoring company should have more than 2 senior executives with management experience in the financial field and no bad credit records and qualified professionals suitable for its business。(5) Other conditions stipulated by laws and regulations。

two、Application materials：1、application；2、Feasibility study report signed by the legal representatives or authorized representatives of all parties to the investment；3、A joint venture contract signed by the legal representatives or authorized representatives of all parties to the investment、Articles of Association (Foreign-invested enterprises only submit articles of association)；4、Notarization and certification documents for the qualifications of foreign shareholders、Credit certificate and legal representative’s identity (copy)；5、Business license of Chinese shareholder (copy)、Credit certificate and legal representative’s identity (copy)；6、Investors (including、Foreign shareholders) Audit report for the most recent year audited by an accounting firm；7、Board of Directors、List of Supervisory Board members and directors of investment parties、Letter of appointment of supervisors，Identity is correct (copy) and the identity of the proposed legal representative is correct；8、List of senior executives of commercial factoring companies、Senior management personnel are in good standing、Proof of academic ability、Proven professional qualifications and proof of experience in the financial field (including work certificates issued by previous employers or labor contracts signed with them)；9、Notice of pre-approval of company name (the name should indicate "commercial factoring")；10、Proof of use of venue or lease agreement、Property rights of the house are clear (copy)；11、Shareholder Commitment Letter (see sample)；12、Power of attorney for delivery of legal documents；13、Monthly operating statistics of foreign-invested commercial factoring enterprises 14、Business Department

Require

other files of。

three、The feasibility study report should include the following contents：(1) Basic information that the main investor is a corporate legal person or other social and economic organization：include name、Place of registration、Registered capital、Legal representative, etc.。Foreign investors or their affiliated entities have performance and experience in factoring business。

(2) Commercial factoring enterprise establishment plan：a.Basic situation of the enterprise：Include intended name、Place of registration、legal representative、Total investment and registered capital、Investment structure、Business scope；b. Investment scale analysis、Funding source description；c. Management organization setup and staffing。(3) Introduction to the proposed commercial factoring business：Includes market analysis、Operation process and characteristics、Risk control system, etc.。

Shenzhen Qianhai Administration Bureau released "Detailed Explanation of Key Points of Reform and Innovation in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in 2014"，It is proposed to build Qianhai into an international financial innovation center and a rear base for the 21st Century Maritime Silk Road.，Taking the lead in realizing the liberalization of trade in services between Guangdong, Hong Kong and Macao in Qianhai，It also plans to apply to allow Qianhai residents and non-residents to open domestic and foreign currency free trade accounts at banks in the area.，Domestic and foreign currency funds can be freely converted like Hong Kong's offshore RMB and foreign currencies.。

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