Foreign Exchange business is also giving attractive commission to the dealers. Marketing should be done by concentrating Multinational companies and frequent travelers outside the country. According to the increase in the volume of business, profitability will be increased. By providing better service at door step of client the organization can retain clients for long period.
Facilities Required for Foreign Exchange Business are:
Rented or own office
Opening of Bank Account
In India, Bank Account of a Proprietorship can be opened by giving the following documents:
But in other countries, documentation procedure will be different according to the law of land.
Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.