I want to start a commercial factoring company. What conditions do I need to handle it?

The establishment of a domestic commercial factoring company shall meet the following conditions: (1) The investors of a commercial factoring company shall have the corresponding asset scale and financial strength to carry out factoring business, and have no recent record of violation; The main investor is a company legal person or other social and economic organization familiar with relevant industries, and its total assets before application 1 year are not less than RMB 50 million;

(2) A commercial factoring company shall be established in the form of a limited liability company. The registered capital is not less than 50 million yuan, all of which are paid-in monetary capital, paid in full at one time, and the source is true and legal;

(3) When applying for the establishment of a commercial factoring company, there should be at least two senior managers with more than three years of management experience in the financial field and no bad credit record. Senior management refers to the management personnel who hold the position of deputy general manager or above or equivalent;

(4) Commercial factoring companies shall not operate in mixed operations;

(5) A commercial factoring company shall have a sound internal control system, including but not limited to risk assessment, business process operation, monitoring and other systems;

(6) Other conditions stipulated by laws and regulations.