General Information
Tavex AB is a currency exchange company that is 100% owned by Estonian company Tavid AS. In addition to currency exchange, Tavex makes also currency transfers, express transfers between Sweden, Finland, Estonia and sells Tax-Free gold.
Registered name and trading names:
• In Sweden - Tavex AB
• In Finland - Tavex OY
• In Estonia - Tavid AS
• In Latvia - Tavex SIA
Company activities
Tavid’s main activity is foreign currency exchange, but also currency transfers and express transfers between Sweden, Finland, Estonia and Latvia. In July 2004, Tavid started to sell and buy Tax-Free gold coins and bars.
Company history
Tavid Ltd. was founded in the year 1991 by Mr Alar Tamming, who until this day is the single owner of the company. In 1992, with the emergence of Estonian national currency – kroon, Tavid started to operate with currency exchange. Since that moment company has been growing fast. Tavid owns five offices in Estonia, which are all located in strategic locations and cover almost all of Estonia. In 1996 Tavid founded its first overseas branch company in Finland, which until this day works successfully under the name Tavex OY. In 2002 a branch company Tavex SIA was founded in Latvia. In 2002 Tavid also won the 5th place in Gasell TOP 2002. In October 2005 Tavid opened an office in Sweden, which operates under the name Tavex AB.
Company today
At present, Tavid-Tavex emplays over 90 people. It is the biggest currency exchange company in Estonia with five offices, two offices in Latvia, one office in Finland and one office in Sweden.
Tavid is the member of Estonian Chamber of Commerce and Industry and works together with Estonian Financial Intelligence Unit in the prevention of money laundering. Tavid Ltd. is audited every year by KPMG Estonia.
Tavex has direct contracts with some of the world's biggest investment gold factories like:
• The Perth Mint in Australia, which produces both coins and bars;
• China Great Wall Coins Investments Ltd - Chinese gold coin producer;
• Kumbyol Corporation, which belongs to the Central Bank of DPR Korea;
• PAMP Suisse - Swiss gold bar producer.
In addition to the mentioned factories, Tavex has also good relations with several investment gold wholesalers in different parts of the world. |
