What are the requirements for applying for a guarantee company?

Conditions for establishing a guarantee company: 1. The registered capital of establishing a credit guarantee institution shall not be less than 50 million yuan, of which the physical object shall not exceed 20%; 2. Senior managers engaged in guarantee business shall have the qualifications recognized by the National Development and Reform Commission, or have more than 2 years working experience in financial business. The major shareholders and senior managers have no record of economic crimes within 5 years; 3. It has a scientific and standardized risk control system and corresponding internal risk control institutions; 4. Having a fixed business place; 5. The business scope shall not involve banking and non-banking financial business; 6. It is not allowed to raise guarantee funds by membership; 7. Abide by relevant national laws and regulations. Relevant approval procedures: (1) Establish a guarantee institution with a registered capital of less than 654.38 billion yuan: the applicant (legal person or natural person) pre-checks the name in the industrial and commercial department-→ in the name of a credit guarantee institution approved by the industrial and commercial department, Submit an application for establishing a credit guarantee institution to the Municipal Bureau of Small and Medium-sized Enterprises-→ Accept → Review (SME Office) → Report to the Committee leader for examination and approval → Issue a reply → Applicant (2) Establish a guarantee institution with a registered capital of more than 1 100 million yuan or a guarantee institution operating across provinces: applicant (legal person or natural person). Pre-examination of the name in the industrial and commercial department-submit an application for establishing a credit guarantee institution to the Municipal Bureau of Small and Medium-sized Enterprises in the name of a credit guarantee institution approved by the industrial and commercial department-acceptance-preliminary examination (Ministry of Small and Medium-sized Enterprises)-report to the leaders of the Committee for issuance-report to the National Development and Reform Commission for approval-reply (Municipal Bureau of Small and Medium-sized Enterprises)-application materials that the applicant needs to prepare (omitted).