We have moved our office in Portugal
We are very pleased to announce that Global Currency Exchange Network, GCEN in Portugal, have moved office within Lagos.
It´s now much easier to find us and you can park very close to the office.
GCEN have been based in the Algarve for many years. Clients who are based in the Lagos area have always been able to find our previous office. As we are catering for many more clients all over the Algarve, we were receiving feedback that many people were struggling to find us, and park. So, we moved to a larger office, with better parking facilities.
Click to enlarge
In response to requests by a few clients, we have ensured that our new office has a private meeting room, in addition to the main office. Our new office is based in one of the business areas of Lagos, close to many lawyers.
GCEN, offer a variety of currency exchange services including:
- The very best currency exchange rates available
- No Commission charges
- No outbound transfer charges
- Regular Monthly Transfers
- One-off currency exchange deals
- Property deposit payments by credit card
- Property purchase and sale funds transferred to/from developers and lawyers
- Currency exchange for individuals and businesses
- Online currency exchange accounts
We offer a fast, friendly, service for bank-to-bank currency exchange.
Alison and India very much look forward to seeing you.
Please call in or contact them here.
Tel: 00351 282 768 136.
or UK rate: 0044 (0)1622 815201
Why use a Currency Broker for your Business
It’s likely that you’ve already used our Currency transfer services for your own personal use.
Maybe you bought, or sold, a property overseas, or you need to regularly transfer money to pay for bills abroad. Some of our clients just use us to occasionally transfer their wages.
However, few are aware that we have busy section to our business that deals entirely with business transfers.
Why use a currency broker, rather than your business bank, to make transfers overseas?
They are all the same reasons that you used us in the first place!
- We offer better exchange rates
- We transfer to most countries for FREE
- We are currency exchange professionals.
Currency exchange is all we do, so we are well positioned to aid your business. We don’t just save you money on costs. We help you to make money by aiding you to manage your business risk better.
How do we help you to manage your business risk when trading overseas?
Fluctuations in local currency can have an impact on your profit. If unfavourable changes in currency levels occur between your decision to commit to a contract, and when you have to pay for it, then your business will lose margin.
There’s a simple remedy. Buy a time option forward currency contract and fix the rates for a reasonable period. This could be for the duration between your tender acceptance and the moment when you may have to pay for goods or services. Your profit margin is then fixed and you can go about your business… what you do best.
We can also help by micro-managing the currency purchases that you make. We don’t charge for this service, it’s what we do all of the time for clients! We can then alert you when the rate has come close, or achieved, to what you desire.
Payroll services for staff overseas.
We have many business clients who now ask us to make the payroll transfers for staff overseas, each month. Some are happy to simply make the payment on a particular date each month, but most prefer us to keep an eye on the rate for them with a one-week window at the end of the month. We then contact our clients as soon as the rate seems to have peaked, so that they can take advantage of the best rates available. This isn’t something a bank offers.
In addition to Free currency transfers, we offer:
- Better exchange rates than the banks
- A dedicated currency dealer
- A Rate Watch service
If you are already using us for your currency exchange, consider how much we could help your business to retain profits in these difficult times.
Please contact your local currency dealer at GCEN here to discuss our business services further.
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Keep Your Currency Transfers SAFE
With the recent behaviour of Banks, it’s natural to consider the security of your money, when planning large currency transfers.
The good news is that, with GCEN, you win all the way!
We are one of just a few Currency Brokers, registered as a businesses in the UK, with Financial Services Authority registration. This gives our clients greater security. Our FSA number is: 504346
There are a few other considerations when choosing who to make your foreign exchange transfer through:
Is the Broker Established?
You need to make sure that the Broker you prefer has at least 3 year’s of audited accounts behind them. This indicates that their auditing accountants are reasonably happy for them continue trading on the basis of them being a viable business. GCEN now have many years of trading and the auditing accountants are Berg Kaprow Lewis and our accounts advisors are Grant Thornton.
Experienced?
You need to be confident that your currency dealer has the relevant training and experience to handle any size of currency transaction. This is where some brokerages differ. However, this is where Brokers differ greatly from Banks.
Most currency transactions at banks are handled by a teller, who has little, or no, experience in foreign exchange. This is not to suggest that something may go wrong with your transfer. It’s more likely to be a poor exchange rate on your deal. This can cost you many thousands.
Specialist brokers will use their experience to help guide you to the best deal available. At GCEN, we regularly train our dealers and will also provide a “Rate Watch” service for clients who are waiting for a particular rate, but don’t have the time to sit and watch the exchange rates.
Looking after your interests.
By using a broker, you’re more likely to receive a specialist service, when compared to the Banks. Currency dealers are more likely to be up-to-date with all of the changes in the currency market. This is likely to include pre-negotiated deals by the brokers with the banks to save their clients from the crippling receiving fees that banks charge when clients just simply transfer from their own bank.
How is the money protected?
As we mentioned earlier, GCEN are regulated by the Financial Services Authority (FSA) in the UK and are registered as a money service business, with an appropriate registration number. GCEN are also regulated by HM Revenue and Customs ( with a Money Laudering registration number: 12137189). Finally, a reliable broker will keep your money safe in client accounts, which are entirely separate from their own business accounts.
GCEN is a commercial currency broker based in the United Kingdom, with overseas offices in Dubai, Spain and Portugal.
Contact your local GCEN currency dealer here
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Florida Property Agent joins Globalprops
property in Florida for sale with Globalprops
Gatehouse International, a UK based real estate agent has joined Globalprops. Gatehouse General Manager, Helen Powell, is delighted to be the the first real estate agent with Florida property for sale, to join. “We have used GCEN for our own currency transfers, and those of our clients in the past. Globalprops offers a new dimension for us. We will be able to work more easily with other estate agents in Florida by using the free website that GCEN has provided”.
The Multi-listing-service, mls, that the free Globalprops sites offer, has benefitted most of the European estate agents that are hosted with Globalprops.
“We are convinced that we will now have a market edge over our competitors as the IT team behind Globalprops have clearly demonstrated their capability to place websites on the first page of the search engines”, said Helen.
View property in Florida for sale here…
Contact your local currency dealer
Get the best exchange rates available today.
NO COMMISSION…
NO TRANSFER CHARGES…
BEST BUY and SELL EXCHANGE RATES.
Contact your local currency dealer:
Lucy and Emma in the Mojacar Office, Spain
Marie in the La Zenia Office, Nr Torrevieja, Spain
Contact Marie at Global Currency Exchange Network
Contact Marie Etherington at GCEN, Global Currency Exchange Network in La Zenia Torrevieja Office in Spain
Call the Costa Blanca Office using a UK number: 0844 734 3299
Call the Mojacar Office in Spain: 0034 966 760 117
Email Marie at the Costa Blanca Office
Contact Lucy and Emma at Global Currency Exchange Network
Contact Lucy and Emma at GCEN, Global Currency Exchange Network in, Mojacar Office. in Spain
Call the Mojacar Office using a UK number: 01622 817954
Call the Mojacar Office in Spain: 0034 950 615 319
Contact Alison at Global Currency Exchange Network
Contact Alison Daun at GCEN, Global Currency Exchange Network in The Algarve, Portugal Office.
Call Alison using a UK number: 01622 815201
Call Alison in the Algarve: 00351 282 768 136
Buying Thai Property, Currency Transfers
Buying Property in Thai Baht.
Buying Thai Baht at the best currency exchange rate is a relatively simple exercise. Call your broker!
However, buying Thai Baht at the best exchange rate in order to buy property in Thailand, as a foreigner. That’s not such a simple task. Choose a broker who understands the Thai property system, as there is a specific Act, the 1991 Condominium Act, which applies to non-residents who aim to buy a condominium in Thailand.
If a non-resident person wishes to transfer money into Thailand to buy a property there, they must obtain a Foreign exchange Transaction Certificate for each payment. This certificate comes from the beneficiary bank and every certificate will need to be shown to the Land Department in order to register the title of the condominium. As an aside, the currency exchange transfer instruction needs to state that it is for the purpose of buying condominium.
There’s a catch though. If you transfer money into Thailand for this purpose, you need to ensure that each currency exchange is for US$20,000 as a minimum, otherwise you would need to obtain a credit note from the bank instead.
Transferring money to Thailand:
1. The money must be T/T (Telex-Transferred), with a document identifying the name of the purchaser in the form of either the sender’s or receiver’s name. For example:
Mr. Jones wants to buy a condominium in Thailand. He has his own account at an overseas bank to buy the condominium, he has to instruct the overseas bank to issue the document in his name as the sender of that amount to his (savings) account in Thailand, or any law firm (with the permission from the particular firm) after which the appointed company will buy that condominium for him,
(or)
It is possible for the buyer to ask a third party to transfer the money for him to buy the property by identifying himself as the receiver. This could be done by using a currency exchange Company such as fx-foreignexchange, who would offer the best rates at that moment for buying Thai Baht and would then organise the money transfer to Thailand.
2. The purchaser has to include the transfer instruction indicating that the purpose of this money is to buy a condominium unit.
The bank that receives money in foreign currency will issue the document (Foreign Exchange Transaction) which contains the following information:
- The transferred amount in foreign currency
- The transferred amount in Thai Baht
- The name of money sender
In order to get the best currency exchange rate in Thai Baht, whether selling Australian Dollars, US Dollars, GB Pounds, AE Dirhams or Euros, contact the experts, Fx-Foreignexchange.com and they will quote the best rate for the Baht today.
+44 (0)1480 458 400
Introduce Your Clients to Us
The benefits are numerous. If you are in a business where your clients have a need to buy foreign currency, then we are the right partner for you.
Our currency exchange business is well established, it trades over 350 Million GB Pounds a year for clients, it caters for everything from cruise ship payroll’s worldwide to the smallest house depostit money transfer.
We take care of clients for foreign exchange introducers who do everything from car imports, vegetable and fruit imports for supermarkets, to worldwide International real estate agents.
All of these businesses have placed their trust in in to care for their clients…
But, there is a financial benefit for the affiliate……
BENEFITS TO BEING AN AFFILATE INTRODUCER:
You can keep track of clients’ transactions, so you can help them. Clients will secure their currency
with us and as a result you will know in advance that everything is progressing smoothly.
We will provide you, with a banking receipt. Proof that their funds have been sent.
One point of contact for you and your clients.
We will rebate 50% of the brokerage generated on a transaction back to yourself which can be paid monthly or quarterly to any account you furnish us with.
If you are an estate agent, inmobiliaria or Immobilien, you can choose to advertise any of your properties on our new property website, completely free of charge.
More than that, you can have your property listings placed for free on 2 worldwide, international, property portals as well as having a free web site provided by our web partner, 1strealestatehosting.net who are specialists in providing real estate hosting.
Globalprops.com and is available to view at the moment. We are currently uploading all the properties of our existing international property associates.
If you are a trader of any other type, talk to us about a free web site, as we have programmes in place for 5 more business areas.
BENEFITS TO YOUR CLIENTS:
Essentially, our business aim is to provide a secure, reliable, friendly approach to currency exchange.
In addition, we aim to provide the best value, with the best exchange rates, the cheapest methods of money transfer,and an efficient reporting process for your clients.
Your clients will be guaranteed the same account manager who will take sole responsibility from
the start to the very end, building a rapport to ensure that your clients funds are sent to the required
destination in their timescale.
Opening a trading account with fx-foreignexchange is simple. Once an account has been approved your clients can benefit from the following:
- Free account opening with no obligation (Via Website / Fax or Post)
- No fees or commissions to exchange currency
- The ability to secure guaranteed commercial rates of exchange for now and up to 2 years in the future
- Proof of telegraphic transfer of funds in the form of a banking receipt
- Fully Compliant with H M Customs & Excise
- Specialists in Foreign Currency Transactions
- A Stress Free, Personal Service
The facility to set up regular overseas money transfers (such as Mortgage payments or overseas Pension transfers) with our Overseas Regular Payment Plan.
