What are the requirements for Shanghai Commercial Factoring Company? procedure

The registration of Shanghai Commercial Factoring Company needs to be filed with the Ministry of Commerce, with a registered capital of100000 USD.

The registration conditions are:

1: Require qualified Hong Kong companies as investment shareholders; Need to provide its credit certificate and audit report;

2. There must be at least 2 managers who meet the requirements and have been engaged in the commercial factoring industry for more than 3 years;

3:: There must be a registered address of the free trade zone that meets the requirements;

The registration process is: first check the name-then put it on record by the Ministry of Commerce-and then issue a license, which is common throughout the country and takes about 1 month.

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