Eternity Law International News Currency exchange business in Europe 

Currency exchange business in Europe 

August 19, 2022

When a person sends some monetary means outside his/her state, exchange organizations convert funds into local currency. Currency exchange offices attract private investors only because changing monies is a profitable commercial niche. Such organizations earn on exchange rate differences. Sometimes, at the request of the owner, a commission fee may be established. The course is set personally by the exchange office. To carry out exchange activities, it is necessary to have working capital for buying and selling valuta. Currency exchange business in Europe is demanded and flourishing area, which is now being actively studied and used by entrepreneurs from CIS states and Middle East.

Ready-made companies in Europe: why is it necessary to make exchanges?

Because of currencies’ variety worldwide, exchange rate has been introduced: amounts sent in a particular currency to amounts received in another country’s one.

Naturally, prior to opening an exchange office, one should study theoretical issues and master the relevant practical skills. How to do it? It is most productive to seek advice from those businessmen who have already achieved success. It is highly likely that they will share their secrets with you and focus on main nuances.

Exchange license for sale: implementation of external exchanges

You should prepare for the fact that your activities will be checked initially, so you need to be sure that all documentation is correct. Don’t forget about your item’s reliability and control. As you can see, the exchange business is affordable and promising. The main thing in it is the place of implementation of the idea, the qualifications of the employees and the compliance of the point with control services demands. An official bank may license an European business such activities if it meets certain criteria.

  1. Period of operation of the financial institution. To implement currency exchange with cash, this criterion isn’t taken into consideration, but otherwise the company must operate in the financial market for at least a year. Such a period of work must be confirmed with the help of relevant documents. It is also necessary to document company is engaged in the provision of services in financial direction in local monies.
  2. Its capital corresponds to required for such provision in international format.
  3. Proper business reputation and documented professional suitability of all company executives and workers’ management representatives.
  4. A suitable business structure.

Net transfers

Internet banks make international operations. There are financial establishments specializing in inter-border transfers: Wise, Western Union or WorldRemit. Buying a ready-made company in Europe that cooperates, for example, with Wise, is an opportunity to freely carry out prompt and secure transfers to all corners.

Currency exchange business in Europe: rates

If banking facility or a financial company fixes exchange rate, client himself/herself must decide if this rate suits him/her. If the client decides to agree to the exchange, the operation is carried out. Sending or receiving an international transaction, clients may be forced to pay a commission for making a payment.

Tariffs and commissions may differ essentially in various establishments. Exchange rate is compiled on the basis of data from the global trading market. In global markets, these rates are constantly changing.

Do people need to pay a fee for transferring money?

Sometimes, companies charge a certain commission. At the same time, several banking institutions specializing in international operations charge a commission several times more than other firms, or mayn’t be completely limpid in servicing their customers. Price of transferring funds to individual states may differ.

The demand for companies with accounts in Europe operating in this direction is determined by reason currencies exchange will always be relevant. If you intend to try your hand at the commercial field, please contact our specialists. We will select for you a business in Europe for sale with the most favorable conditions in accordance with your budget and wishes.

You may also view new offers in categories Cryptocoins and licensing of cryptocurrency operationsReady-made companiesBanks for sale and Licenses for sale.

You could be interested

Invest summit in Kiyv

Eternity Law International, being a partner of the event, which will be held on November 27 at the Invest Summit at the NSC Olimpiyskiy, which will bring together investors, funds, companies in the fields of finance, IT, modern technologies and marketing, invites you to visit the forum. Invest Summit has prepared two scenes for you. At the first you...

Regulations for Forex Brokers in US

Foreign currencies are constantly exchanged throughout the world through the use of over-the-counter markets. Since the trading space is unlimited, this allows for seamless access to currencies. Speculative Forex trading is becoming more common. The result of this activity is the emergence of banks or intermediary brokers that engage in fraudulent transactions or financial irregularities,...

BEPS Issues for Entrepreneurs

BEPS PROBLEMS FOR ENTREPRENEURS. WHAT YOU NEED TO KNOW BEPS issues for entrepreneurs are a hot topic. OECD – The Organization for Economic Co-operation and Development deals with the erosion of the tax base and the withdrawal of net profits from countries with high tax rates. BEPS – The basic strategy for tax evasion is...

Company registration in St. Lucia

Saint Lucia is one of the most beautiful islands in the Caribbean. But this territory is attractive for businessmen not only for this reason. Saint Lucia offers a fairly loyal base for the development of foreign business, which becomes the reason for the active interest of foreign entrepreneurs in it. In addition, in this jurisdiction...

Offshore company in Antigua

Registration cost 2 165.00 USD Company renewal cost USD 1,585.00 Directors number 1 Corporate tax 0.00% Registered share capital 0.00 Mandatory reporting requirements No Antigua is a small island state located in the Lesser Antilles. This charming and exotic country is becoming increasingly popular for offshore company registration. The island state’s tax and accounting policies...

Company registration in Germany

By registering an organization in Germany, any business-person will be able to bring it to the international arena in the shortest time possible. Jurisdiction features Persons who are not residents of Germany or other states of the Eurozone can establish their own project only as a capital community, namely: GmbH. This is one of the...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


Lochrin Square, 1


Jacovides Tower, 5 floor


Kesklinna linnaosa, Tuukri 19


Esplanade, 7 floor


Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175


20 Martin Place


3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7