What is a commercial Baoli company, and can it be acquired if the registration conditions cannot be met?
Registration of commercial factoring company
Procedures and conditions for handling commercial insurance throughout the country.
Commercial Baoli detailed answers.
1. Definition of commercial factoring:
Commercial factoring is a set of financial solutions based on the factoring contract signed between the factor and the first business, including financing, credit risk management, accounts receivable management and collection services. The factor acquires the accounts receivable of the merchant according to the factoring contract and pays on behalf of the purchaser. If the buyer is unable to pay, the factor will pay the ** merchant.
Acquisitions need to be noted:
1. Specifically, see if it is on the list of missing contacts
2. A commercial factoring company in Shenzhen cannot change the legal representative and shareholders, such as the acquisition of a commercial factoring company whose shareholders are enterprises, and the acquisition together with the shareholder company, the original legal representative needs to cooperate with the holding company, and there will be a holding fee.
3. Risk Warning:
Some of the commercial factoring companies are empty shells or in the list of lost contacts, and the customer can still do business normally in the past, but it is uncertain whether it can still conduct self-examination, and the specific notice of the Financial Services Bureau will be required. If you are unable to self-check, you may face removal after the comprehensive inventory is completed in the later stage.
1. The conditions required to apply for the registration of a commercial factoring company: registration of a foreign-funded commercial factoring company:
It is necessary to prepare a Hong Kong company as the initiator, and allow the joint venture commercial factoring company to be established with domestic enterprises.
It is necessary to prepare more than 2 people with 3-5 years of experience in the financial investment industry to serve as senior executives of the company.
It is necessary to have a physical business office in the place of registration.
Registration of domestic commercial factoring company:
Generally, it is only necessary to have an actual place of business in the place where the registration is located to apply for registration.
1) The main investor (i.e., the investor with a high shareholding ratio) shall be an enterprise legal person, and the total assets shall not be less than 50 million yuan in the first year before the application.
2) The registered capital shall not be less than 30 million yuan, all of which shall be paid-in monetary capital, and shall be true and legal, and all registered capital shall be paid in place before the registration of the enterprise.
3) A commercial factoring company shall have at least two mid-level management personnel with experience in the management of financial collar cities and no bad records, and have qualified professionals suitable for their business.
4) Have a sound internal control system, including but not limited to risk assessment, business process operation, monitoring and other systems.
2. Materials to be prepared to apply for the registration of a commercial factoring company: the identity certificate of the shareholder to be invested (the foreign shareholder shall provide the identity notarization document).
Acknowledgment of foreign investment filing.
Proof of identity of the proposed directors, supervisors and senior executives, and appointment documents.
Articles of Association. Proof of registered address.
To apply for the registration of a commercial factoring company, you need to prepare the following materials:
Foreign factoring: application for foreign investment filing, appointment for industrial and commercial licensing, taxation and bank filing.
Domestic factoring: make an appointment for industrial and commercial licensing, taxation and bank filing.
Related Q&A:1What is the impact of the transfer of a commercial factoring company on the operation of a business?
The transfer of a commercial factoring company may lead to the rupture of the company's capital chain and affect the normal operation of the enterprise. Therefore, before the transfer, it is necessary to fully assess the impact of the transfer on the operation of the business and develop corresponding remedial measures.
2.How long does it take to register a commercial factoring company?
The time taken to register a commercial factoring company varies from region to region, but it generally takes about 3 months. When applying for registration, you can consult the relevant departments for specific processing time requirements.
3.What supporting materials do commercial factoring companies need to provide during the registration process?
Summary: To register a commercial factoring company, it is necessary to provide relevant supporting materials such as the basic information of the enterprise, the resolution of the board of directors, and the proof of payment of registered capital. For specific requirements, please consult the relevant departments or service agencies.