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What are the procedures for the registration of pawn companies?
1. The applicant shall apply for a pawn business license to the municipal competent business department in the district where the proposed pawnshop is located. Pawn business license shall be audited by the municipal level and issued by the provincial level;
2. When the public security organ applies for a special trade license;
3. Apply to the administrative department for industry and commerce for registration and obtain a business license;
4. Valid certification documents of the ownership or use right of the business premises that meet the requirements.
Interim Measures for the Administration of Pawnshops
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The People's Bank of China is the competent department of pawn industry, responsible for the examination and approval of the establishment, alteration and termination of pawn institutions and the supervision and management of pawn institutions. essay
Pawnshop is a special financial enterprise that provides temporary pledged loans to non-state-owned small and medium-sized enterprises and individuals by means of physical possession transfer. Article 4 Pawnshops shall be established in the form of limited liability companies. Pawnshops should have legal personality, obtain legal personality according to law, conduct independent accounting, operate independently, be responsible for their own profits and losses, and pay taxes according to law. Article 8
To apply for the establishment of a pawnshop, it must be reported to the local branch of the People's Bank of China for examination, approved by the branches of the People's Bank of China in provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning, and reported to the head office of the People's Bank of China for the record. Article 12
To set up a pawnshop, the following conditions must be met:
(1) The paid-in monetary equity capital is above the minimum amount stipulated in these Measures;
(2) Having managers who are familiar with the pawn business;
(3) Having complete articles of association of the pawnshop;
(4) Having a fixed and safe business place and necessary facilities.
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