Commercial factoring companies want to operate, no matter where they are, they need to be qualified to carry out commercial factoring and other related businesses.
At present, although commercial factoring is classified into financial industry and supervised by CBRC and local financial departments, the new policy bill has not been fully formulated. Therefore, the approval unit for the establishment of commercial factoring companies is the former Commercial Committee and other relevant departments. Only after the company is established and has obtained the filing receipt issued by the Commercial Committee and other departments can it be qualified and qualified to carry out business.
What are the requirements for Wuhan Commercial Factoring Company?
Registration conditions of commercial factoring companies:
Personnel requirements
It is necessary to have more than three managers with commercial factoring qualifications. At least 3 years working experience in the same industry or financial related industry is required.
Conditions for China investors to register commercial factoring companies:
1. Qualification documents of the investor: a set of registration certificates such as the business license of the investment enterprise.
2. Credit certificate: a bank credit certificate issued by the bank where the investment enterprise is located, which requires the following words: a. The enterprise opened an account in our bank at * * and has no bad records in our bank. Or b, this enterprise has a good reputation in our bank.
3. Document requirements for the total assets of China investment enterprises not less than 50 million yuan: an audit report issued by a qualified audit institution (accounting firm) with a total net assets of not less than 50 million yuan in the previous year.
Registration process of commercial factoring company:
(1) Pre-approval of application name
To register a commercial factoring company, an enterprise first needs to apply for online "name pre-approval" through the industrial and commercial administrative centers of various functional areas under the Wuhan Municipal Administration for Industry and Commerce, which generally takes 2-3 working days.
(2) Qualification examination and approval. After the name is approved, the enterprise needs to submit relevant materials to Binhai New Area Administrative Licensing Service Center for acceptance and registration, which will be uniformly examined and approved by Wuhan Administrative Examination and Approval Bureau. Generally speaking, there are the following steps:
1 materials review enterprises need to submit online the application for the establishment of factoring companies, feasibility study reports, articles of association, relevant certificates of investors, financial statements, resumes of senior managers and other supporting materials.
2. Domestic commercial factoring companies need to be interviewed by local commercial factoring authorities after government interviews and material review, while foreign factoring companies do not.
3 capital verification, although the industrial and commercial registration changed from paid-in system to subscription system. Among them, the registered capital of domestic commercial factoring companies is not less than 50 million yuan, and it is required to be paid in full at one time; Foreign-funded commercial factoring companies require an initial capital contribution ratio of not less than 65,438+05% and make up all the capital within two years.
(3) Go through the relevant registration procedures. After the enterprise passes the examination and approval, the Municipal Commission of Commerce will issue a reply to the enterprise, and send a copy to the Municipal Administration for Industry and Commerce, the Finance Bureau and other departments to handle other special procedures. The enterprise applies for the exclusive license of commercial factoring by reply, and the business license has a fixed content and format; Foreign-funded commercial factoring companies will also obtain the Certificate of Approval for Foreign-invested Enterprises, and enterprises will go through the filing formalities at the foreign exchange bureau with this certificate.
The above are the conditions and procedures for the registration of commercial factoring companies!
Does the factoring company have a financial license?
Factoring companies do not need financial licenses. These companies are mainly established by domestic and foreign companies as the main sponsors and have no corresponding financial qualification licenses. The regulatory authorities shall issue business licenses when conducting actual audits. If the factoring company has foreign investment, there will be a receipt for foreign investment.
In fact, the factoring company is an intermediate link between buyers and sellers. The seller sells the goods or commodities to the buyer, and the seller transfers the accounts receivable generated from the sales to the factoring company, and then the factoring company provides the seller with funds for procurement and production to avoid the turnover risk of the enterprise.