How to open a credit agency

Registration of a credit agency, like any other credit organization, is carried out in strict accordance with federal laws "On banks and banking activities" and "On state registration of legal entities and individual entrepreneurs". In addition, banking operations should be based on a license.

Instruction manual

1

To open a credit agency, apply for a license - a special permit issued by the Central Bank of the Russian Federation. In addition to the aforementioned laws, study previously the Bank of Russia instruction "On the Procedure for the Bank of Russia to Decide on State Registration of Credit Organizations and Issue Licenses for Banking Operations".

2

Find candidates for the positions of manager and chief accountant. Higher requirements are imposed on their qualifications: it is imperative that they have a higher specialized economic or legal education and managerial experience in a credit institution related to banking operations. Such experience must be at least one year. In the absence of special education, the requirements for experience are increased to two years. In addition, both the head and the chief accountant should not have a criminal record, and their business reputation should be impeccable.

3

The founders of the credit agency also have high reputation requirements. They should be reliable in a financial sense, and the term of their activities in this area should be at least three years. The minimum authorized capital for a newly registered non-banking credit organization is 500 thousand euros. If this amount is available and other conditions are met, write a statement and an application for registration and issuance of a license for state registration of a credit institution to the territorial branch of the Central Bank of the Russian Federation at the location of the proposed location of the credit agency.

4

In accordance with Ch. 3 Instructions of the Central Bank, enclose the statement and application with information about the founders, the authorized capital and documents confirming the sources of origin of these funds. Also, the package of necessary documents should include a business plan and a certificate of ownership of the premises where the agency will be located. In its absence - a lease. Do not forget to attach the statutory documents, the memorandum of association, questionnaires for the candidacy of the head and chief accountant, a receipt on the payment of the state fee for registration and issuance of a license.

note

The term for consideration of documents by the territorial institution of the Central Bank of the Russian Federation at the alleged location of the credit institution is no more than three months from the date of application.

Bank of Russia Instruction “On the Procedure for the Bank of Russia to Decide on the State Registration of Credit Organizations and Issue Licenses for Banking Operations”