Thursday 7 February 2008

Did you know?

   Did you know that when passing many international borders it is illegal to carry an amount of money greater than defined for the specific Customs between the two countries? Yes it is. That is why you should, you must transfer the money in advance somewhere you've decided to use them abroad, especially if you are traveling on purpose to make some business payments in real-time.
   Of course there is a chance for you to pass the border with cash that exceeds the limit allowed, but be sure that tons of declarations and documents will follow for you to fill in and explain where do you have the money from, what are you planning to do with them (and therefore to pay taxes on what you're planning to do with the funds).
   Contrasting on the "cash&carry" method to move funds across international borders, the bank transfer overseas differs with the huge huge limits which require some declaration on the use of the money and the avoidance of the annoying Customs, trying to make a criminal out of you, cause if you have e.g more than EUR2000 on the German or the British border, forget to pass in or out without providing the 'nice' Customs staff all the information proving exactly where the sum is coming from and where to it is going. So, please, think reasonably, let the money fly by the wire transfer.

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