What are the requirements for setting up a currency exchange agency in Shenzhen?
Conditions for applying for currency exchange：
- Have domestic corporate legal person status；
- Have a fixed place of business；
- No less than 2 staff members engaged in foreign currency exchange business who are trained and qualified by an authorized bank；
- Have the ability to accurately、Equipment or corresponding facilities to promptly receive foreign currency exchange quotes from authorized banks；
- authorized bank
Require
Key points for applying for other conditions：The principle of business premises is densely populated areas (airports、port、station、border areas, etc.)，The key point in applying for the establishment of a foreign currency exchange agency is to authorize the bank to register。
After authorization from the bank，It also needs to be filed with the Shenzhen Administration of Foreign Exchange.，if not approved，No further application can be made within half a year。“An exchange agency can only sign a cooperation agreement with one bank in the same city.，It is not allowed to cooperate with multiple banks,” Hong Kong Information Communications added.。What are the requirements for applying for a pilot franchise institution in Shenzhen?
- Have independent legal personality registered with the industrial and commercial department；
- Have business premises and facilities suitable for conducting business；
- The registered capital shall be no less than RMB 1 million or equivalent in foreign exchange.；
- Have been qualified as a foreign currency exchange agency for more than six months；
- At least 2 of the management personnel must have local and foreign currency exchange or corresponding business experience；
- Each operating outlet is equipped with no less than 2 staff members who are familiar with foreign exchange management policies and personal domestic and foreign currency exchange business.
- Have the conditions to completely record personal local and foreign currency exchange franchise business transaction by transaction，As well as equipment and facilities to display the exchange currency and quoted price in a conspicuous manner；
- With foreign currency pricing、Cash transfer of domestic and foreign currencies、Match banknotes、storage、storage、Collection and other conditions；
- Equipped with exchange order management、Reserve account management、Cash management、Accounting、Risk control and reporting of relevant information to the foreign exchange branch and other systems；
- Comply with the technical conditions for access to the personal foreign exchange settlement and sales management information system of the State Administration of Foreign Exchange；
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