What is a Currency Exchange Center?
What is a Currency Exchange Center?
- Legal Regime: General Law on Auxiliary Credit Organizations and Activities (LGOAAC)
- CNBV: No prior authorization required
- Mandatory Registration: CONDUSEF and SAT
Get your Exchange Center
Discover the key benefits
Discover the key benefits
Buying and selling minted pieces and base metals
Purchase of visa documents, denominated and payable
Purchase and sale of traveler's checks
Financial factoring
Stages of a Foreign Exchange Center
Legal Constitution
- Share certificates
- Registration in the RFC
- Preparation of Articles of Incorporation
- Minutes book, shares and changes in share capital
- Authorization to use a company name (Ministry of Economy)
Compliance and Procedures
- SCPADI Key Registry
- Compliance Manual (PLD/FT) and Risk Assessment Methodology
- Technical Opinion (CNBV)
- Official Compliance Registry and support for your contracting
- Register of persons exercising control
- Share Transfer Registry
Design and Corporate Structure
- Corporate Image
- Name/Logo
- Marquee
- Image regulation
- Trademark and image registration at the IMPI
- Operations Manual
- Compliance Officer Manual
- Privacy Notices
Start-up and Commencement of Operations
- Implementation of the EBR methodology
- Registration in the RFC
- Preparation of Articles of Incorporation
- Minutes book, shares and changes in share capital
- Authorization to use a company name (Ministry of Economy)
Advantages of an Exchange Center
- Immediate start-up: Avoid lengthy procedures and speed up your operation.
- Legal background: Already registered and in compliance with regulations.
- Banking relationships: Current connections with correspondents and platforms.
- Scalability: Extends services (remittances, payments, metals) without new incorporations.
Who can purchase a Currency Exchange Center?
- Entrepreneurs and fintechs looking for foreign exchange services.
- Investment funds or family offices interested in diversifying.
- Companies with physical points of sale (stores, pharmacies, central offices).
- Financial institutions that want to expand their service offering.
Frequently Asked Questions
Do I need authorization from the CNBV?
No, registration with CONDUSEF and SAT is sufficient.
What is the difference with a currency exchange?
Currency exchange offices operate with foreign accounts and a broader scope; currency exchange centers are more agile and cost-effective to set up.
How long does the process take?
Between 15 and 30 business days, depending on updates from authorities and transfer of control.
Can I use it for other financial services?
Yes, such as remittances, B2B payments, or integrating it into your fintech app, always within regulatory limits.
Can Social Dynamics advise me on the purchase or incorporation?
Yes. We can assist you legally, fiscally, and operationally, whether you're setting up from scratch or transferring an existing one.
Ready to operate your Currency Exchange Center?
Receive personalized advice and manage your foreign exchange business with security and transparency.
