Overseas financial license application process and conditions

The offshore regulatory delisting process is fast (usually a few months, depending on the jurisdiction) and has low overhead and operating costs. Most of the time, due diligence on the company, directors, and shareholders The suitability requirements are very simple. Most are related to capital adequacy and financial condition.

When it comes to taxation, most offshore regulators have very low or no requirements for income tax payments. In addition, most offshore regulations do not require financial services to be provided in their jurisdiction, nor do they require such services to be provided only to local residents. In terms of audit requirements, most regulations require licensees to provide annual financial statements.

There are more requirements and higher costs for full regulation, such as administrative fees (application fees, activation fees, annual fees, etc.) that are significantly higher than those of offshore regulation, as well as in terms of minimum capital requirements. The suitability requirements for companies, directors and shareholders are more lengthy. In many cases, in addition to a copy of a passport, a resume, a copy of academic and professional qualifications, and recent bills, a certificate of good standing, a certificate of no criminal record, a certificate of non-bankruptcy, and an up-to-date tax return may be required by full regulation.

Full regulation requires that the company's premises and company employees must be physical. In many cases, some rights can only be exercised by local residents. In terms of reporting obligations, risk management reports, compliance and anti-money laundering reports, and other specific reports are required, in addition to financial reporting and minimum capital requirements, depending on the regulator.

In terms of taxation, corporate income tax requirements vary from place to place, but in any case they will be higher than offshore regulation. At present, China's overseas financial license applications are mainly handled by professional institutions, and Oso Financial Technology Consultant is a good handling institution, providing a variety of services, focusing on the financial industry, with high service quality and better service.

The Cayman Islands is globally recognized as an international financial centre of the highest level. The world's leading financial institutions, Fortune 500 companies, and private and public enterprises around the world have chosen the Cayman Islands as their jurisdiction of choice for a number of reasons, including:

Reputation: The Cayman Islands has a well-established legal system, a stable and robust financial services industry, and a reputation as a high-quality offshore center.

Trustworthy and reliable legal system: Cayman Islands law, derived from English common law and supplemented by local legislation, ensures that Cayman Islands entities are understood and accepted internationally.

Compliance Culture: The Cayman Islands has a long history of implementing best international practices and is consistent with economic cooperation.

Request. The Cayman Islands is on the OECD's "white list" and has signed a large number of tax information exchange agreements.

Stable and business-oriented**: The Cayman Islands is a British Overseas Territory with a stable history of promoting the financial services industry.

Exchange controls: There are no exchange control regulations in the Cayman Islands. Therefore, the currency and ** of any currency can be freely transferred to the Cayman Islands and the Cayman Islands.

In fact, to apply for a Cayman license, you must first set up a Cayman company.

There are many classifications of overseas financial licenses, the application process and conditions for licenses in various countries are different, the corresponding financial licenses have corresponding requirements, and the process is basically to provide the company name and director information, and the others can be provided by the ** company, and the company is used to apply for a license after registering the company. If you don't understand something, you can ask us.

Legal analysis: According to the provisions of China's law on dry hills, financial institutions that have been approved by the CBRC to operate financial business are subject to the Financial License. Financial institutions include policy banks, commercial banks, rural cooperative banks, urban credit cooperatives, rural credit cooperatives, rural banks, loan companies, rural mutual cooperatives, financial asset management companies, trust companies, enterprise group finance companies, financial leasing companies, auto finance companies, money brokerage companies, etc.

The CBRC implements the management principles of hierarchical authorization, separation of agency approval authority and certification body. If the China Banking and Accreditation Commission and its dispatched agencies need to issue or renew a financial license to a financial institution in accordance with the administrative licensing decision, they shall issue or renew the financial license to the applicant within 10 days from the date of the administrative licensing decision.

Legal basis: "Measures for the Administration of Financial Licenses" Article 6 When a financial institution obtains a financial license, it shall provide the following materials:

1) Approval documents of the CBRC or its dispatched agencies;

2) A letter of introduction from a financial institution;

3) The legal and valid identity certificate of the person receiving the permit;

4) Other materials required by the CBRC or its dispatched agencies.

Hello dear, I am very happy to answer the book type circle for you. The application conditions for a financial license are as follows:1

Banking license: The applicant must be a domestic legal entity with a registered capital of not less than RMB 5 billion, a sound organizational structure and management system, and comply with other relevant regulations of the China Banking Regulatory Commission. 2.

**License: The applicant must be a domestic legal entity with a registered capital of not less than 50 million yuan, a sound organizational structure and management system, and comply with other relevant regulations of the China ** Supervision and Administration Commission. 3.

Insurance license: The applicant must be a domestic legal entity with a registered capital of not less than RMB 200 million, a sound organizational structure and management system, and comply with other relevant regulations of the China Insurance Regulatory Commission. 4.

**License: The applicant must be a domestic legal entity with a registered capital of not less than 100 million yuan, a sound organizational structure and management system, and comply with other relevant regulations of the China ** Supervision and Administration Commission. 5.

**License: The applicant must be a domestic state legal entity, with a registered capital of not less than 20 million yuan, a sound organizational structure and management leasing system, and comply with other relevant regulations of the China ** Supervision and Administration Commission.

Summary. Sorry to keep you waiting, I'm glad to answer for you, financial license application conditions: The application conditions for a financial license include legal registration, business scope, capital adequacy, risk control and compliance operation.

When applying for a financial license, financial institutions must meet the above conditions, and need to formulate corresponding application plans according to their own business characteristics and business scope. During the application process, financial institutions should actively communicate with the regulatory authorities to keep abreast of policy developments and improve the probability of successful application.

Sorry to keep you waiting, I'm glad to answer for you, financial license application conditions: The application conditions for a financial license include legal registration, business scope, capital adequacy, risk control and compliance operation. When applying for a financial institution's financial license, Zheng Qigou must meet the above conditions, and need to formulate a corresponding application plan according to its own business characteristics and business scope.

During the application process, financial institutions should actively communicate with the regulatory authorities to keep abreast of policy developments and improve the probability of success of their applications.

Expand your knowledge: The official name of a financial license is a financial institution business license, which is usually issued by the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and other departments. Financial institutions can only legally carry out relevant business with a financial license, otherwise they will operate in violation of the law.

At present, the most valuable financial licenses are banking, insurance, trust, leasing, etc. I hope it will be helpful to you [Open the Silver Heart].

1. Li Feng has articles of association that comply with the provisions of this Law and the Company Law of the People's Republic of China;

2. There is a minimum amount of registered capital in accordance with the provisions of this Law;

3. Have a sound organizational structure and management system;

4. There are business premises, safety precautions and other facilities related to business that meet the requirements.

1. Materials for applying for financial licenses:

1. Approval documents of the CBRC or its dispatched agencies;

2. Letter of introduction from financial institution;

3. The legal and valid identity certificate of the person receiving the permit;

4. Other materials required by the CBRC or its dispatched agencies.

Second, the financial license application process:

1. Documents and certificates to be submitted for pre-registration of the name of individual industrial and commercial households;

2. Documents, certificates and handling materials that should be submitted for the registration of individual industrial and commercial households;

3. Apply for the organization certificate;

4. an engraved seal; 5. Apply for national tax registration certificate;

6. Apply for local tax registration certificate;

7. Set up a basic account.

To sum up, the conditions for applying for a financial license are in accordance with the provisions of this Law and the Company Law of the People's Republic of China; There is a minimum amount of registered capital that meets the requirements of this Law; Have a sound organizational structure and management system; There are business premises, security precautions, and other facilities related to the business that meet the requirements. The process of applying for a financial license, and the documents and documents that should be submitted to apply for the pre-registration of the name of an individual industrial and commercial household; Documents, certificates and materials to be submitted for the application for business registration of individual industrial and commercial households; Apply for the organization ** certificate; engraving; Apply for the national tax registration certificate; Apply for local tax registration certificate; Set up a basic account.

Articles 3 to 5 of the Measures for the Administration of Financial Licenses:

The second paragraph of Article 3 shall be amended as: "Financial institutions include policy banks, commercial banks, rural cooperative banks, urban credit cooperatives, rural credit cooperatives, village and township banks, loan companies, rural mutual fund cooperatives, financial asset management companies, trust companies, enterprise group finance companies, financial leasing companies, auto finance companies, money brokerage companies, and so on. ”

Item (2) of Article 4 shall be amended as: "The CBRC shall be responsible for the issuance and management of financial licenses of the following institutions:

1.Branches of policy banks, state-owned commercial banks and joint-stock commercial banks (including non-local branches) within their jurisdiction;

2.Branches (offices) of financial asset management companies; 3.City commercial bank legal entities and their branches;

4.Institutions below the branches of foreign-funded banks (excluding branches);

5.Non-bank financial institutions and their branches such as trust companies, enterprise group finance companies, and financial leasing companies other than those directly supervised by the CBRC;

6.Urban credit cooperatives, rural credit cooperatives (provincial, prefectural and municipal levels), rural commercial banks and rural cooperative banks;

7.Local village and township banks, loan companies, rural mutual fund cooperatives and local financial institutions' business outlets in the same city. ”

Article 5 shall be amended as: "If the CBRC or its dispatched agency needs to issue or renew a financial license to a financial institution according to the administrative licensing decision, it shall issue or renew the financial license to the applicant within 10 days from the date of the administrative licensing decision. ”

According to the laws and regulations of the People's Republic of China, financial institutions approved by the CBRC to engage in financial business are subject to the Financial License. Financial institutions include policy banks, commercial banks, rural cooperative banks, urban credit cooperatives, rural credit cooperatives, rural banks, loan companies, rural mutual cooperatives, financial asset management companies, trust companies, enterprise group finance companies, financial leasing companies, auto finance companies, money brokerage companies, etc. The China Banking Regulatory Commission (CBRC) implements the management principle of hierarchical authorization, separation of agency approval authority and certification body.

If the China Banking Regulatory Commission and its dispatched agencies need to issue or renew a financial license to a financial institution in accordance with the administrative licensing decision, they shall issue or renew the financial license to the applicant within 10 days from the date of the administrative licensing decision.

I. What are the four elements of the crime of establishing a financial institution without authorization?

The constitutive elements of the crime of establishing a financial institution without authorization are:

1.The subject of the crime is a general subject.

2.The object of the violation is the financial management system of the State.

3.Objectively, it is manifested as the unauthorized establishment of commercial banks, ** exchanges, ** exchanges, ** companies, ** brokerage companies, insurance companies or other financial institutions without the approval of the People's Bank of China.

4.In the subjective aspect, it is manifested as direct intentionality.

2. How to file a case for the crime of forging a financial institution's business license.

In cases of suspected forgery of financial institution business licenses, China's public authorities shall follow the following criteria for filing a criminal case: the perpetrator has forged the business licenses of commercial banks, exchanges, exchanges, companies, brokerage companies, insurance companies, or other financial institutions.

Article 6 of the Measures for the Administration of Financial Licenses Financial institutions shall provide the following materials when obtaining financial licenses: (1) approval documents of the CBRC or its dispatched agencies; 2) A letter of introduction from a financial institution; 3) The legal and valid identity certificate of the person receiving the permit; 4) Other materials required by the CBRC or its dispatched agencies.