A currency exchange office is a fast-paying type of business. The profit of the exchangers is made up of the difference in exchange rates, which are set by the exchange office itself. With a relatively small initial investment, you can get a good stable income.
Instructions
Step 1
Since, according to the law, only a credit institution can open an exchange office, a private entrepreneur will need to conclude an agreement with a bank. The practice of providing its license to participate in foreign exchange transactions in exchange for commissions exists, as a rule, in small or medium-sized banks. To start working as a partner, an entrepreneur must get a job in a bank as an exchange office manager or manager. The Bank, for its part, requires compliance with the regulatory instructions of the Central Bank of the Russian Federation and established reporting. The issues of finding and renting premises, recruiting personnel and purchasing equipment are under the responsibility of the entrepreneur.
Step 2
When choosing a room for an exchange office, keep in mind that the best place for it will be an area with a large number of people. Estimate the specifics of demand in this area and the pricing policy of competitors: an overvalued selling rate will mean the presence of increased demand. Currency exchange, as a rule, is popular near hotels, large entertainment and shopping centers. The exchange room should have an area of at least 6 square meters. It must necessarily have armored windows and doors, an extractor hood, security and fire alarms. If it was not possible to find a profitably located capitally built-in room, you can purchase an armored cabin with interior and exterior finishing on a turnkey basis.
Step 3
The minimum set of equipment will consist of a safe, a detector and a banknote counter, as well as a computer for recording and controlling incoming and outgoing foreign exchange transactions.
Step 4
The personnel who will work in the exchange office will be registered as bank employees. As a rule, the staff consists of two cashiers working in shifts, and a manager, whose functions are usually taken over by the owner of the exchange office. An important issue in this type of business is the issue of trust. Experts advise the owner to take on the cashier's functions, since it is very difficult to find people whom you can trust as yourself.
Step 5
The basis of the exchange business is circulating assets, which are the owner's personal money, lying in the exchange office and not subject to collection. There should be enough of them to carry out exchange operations continuously.
Step 6
The activity of the exchange office will be controlled by the Central Bank of the Russian Federation, the tax inspection and the Economic Crime Department. The room must comply with safety requirements, have a panic button and a fire alarm. All problems arising in the process of checks are solved by the owner of the exchange office.
