How to apply for a commercial factoring company
How to register a commercial factoring company.
What are the requirements for applying for a commercial factoring company?
How to transfer a commercial factoring company.
Registering a commercial factoring company requires following a certain process and meeting some basic conditions. First of all, the investor needs to submit an application to the Administrative Committee of the Pilot Free Trade Zone, and the required materials include: proof of the qualifications of the department's personnel, proof of the investor's operation in the relevant industry, and the investor's audit report for the past year. After the materials are approved, the investor needs to sign a factoring contract and report the information through the online office hall of the Industrial and Commercial Bureau. After the review is passed, the investor will obtain a license and approved tax, and will need to go through a bank tax and bank agreement. In addition, it is also necessary to sign a ** bookkeeping agreement.
There are additional requirements for the establishment of foreign-funded commercial factoring enterprises. The minimum registered capital of a foreign-registered commercial factoring company should be 50 million RMB, and the registered company can take the form of a limited liability company or a share. In addition, these enterprises should have a good credit record and rich experience in factoring business, with assets of more than 50 million yuan and bank deposits of not less than 10 million. If the applicant is registered as a limited liability commercial factoring company, the operating period shall not exceed 30 years.
Overall, the process of registering a commercial factoring company takes time and patience and generally takes about 3 months. Throughout the process, it is important to comply with all relevant laws and regulations to ensure the stable and healthy development of the company.
Things to look out for when acquiring a commercial factoring company include:
1.First, you need to see if the company has an actual operating record. This can be judged by the tax data of the business. If you choose a business with no actual operation, you can avoid many potential problems.
2.Second, it is necessary to find out whether the factoring company to be transferred has made foreign investment. This can be queried through third-party platforms.
3.After signing the intent cooperation agreement, further sign the equity transfer agreement and make an appointment for industrial and commercial changes.
4.After completing the above steps, you will also need to go through the tax change procedures.
5.In addition, it should be noted that commercial factoring business is an important part of accounts receivable management and asset revitalization in credit sales through its own financial strength and financing channels. Therefore, before the acquisition, the acquirer needs to determine whether there is an interest in other companies, and if so, deal with it accordingly.
6.Finally, commercial factoring enterprises should abide by the relevant provisions of the Contract Law and other laws and regulations, return to their origins, focus on their main business, be honest and trustworthy, operate in compliance, and continuously improve the quality and efficiency of serving the real economy. At the same time, commercial factoring enterprises should also improve corporate governance, improve internal control systems and risk management systems, prevent and resolve various risks, and ensure safe and stable operation.