How to declare money at the border?

Crossing the border with a large amount of cash requires a responsible approach and knowledge of the law. In Ukraine, as in many other countries, there are certain rules regarding the declaration of cash when entering or leaving the country.

Ukrainian legislation stipulates that individuals crossing the border of Ukraine must declare cash if the amount of cash exceeds EUR 10,000 (or the equivalent in another currency). This rule applies both when entering and leaving Ukraine.

The procedure for declaring money at the border:

• Filling out a customs declaration. If the amount of cash exceeds EUR 10,000, you must fill out a cross-border declaration of currency valuables. This can be done in advance or directly at the customs office. The declaration must contain information about the person declaring the funds, as well as about the funds themselves: their amount, currency and origin.
• Presenting the declaration at customs. The completed declaration must be presented to the customs inspector when crossing the border. The inspector has the right to verify the accuracy of the information provided and to inspect personal belongings and luggage.
• Documentary evidence of the origin of funds. If the amount exceeds 10,000 euros, you must have documents confirming the legal origin of the funds (certificate of origin of funds). These can include bank statements, documents on the sale of real estate, tax returns, etc.

It should be noted that failure to declare or misdeclaration of cash may lead to serious consequences, including confiscation of funds and administrative or even criminal liability.

By the way, the legislation is subject to change, so it is important to check the current requirements for declaring cash on the official website of the State Customs Service of Ukraine or consult a lawyer before traveling. Make sure you have all the necessary documents to prove the origin of your funds. This will help you avoid delays and misunderstandings at customs.

Declaring cash when crossing the border is an important procedure that helps ensure compliance with the law and avoid problems at customs. Compliance with the declaration rules promotes transparency of financial transactions and helps to avoid unpleasant situations. It is important to remember that timely and correct declaration of money is your responsibility.

If you have any questions about declaring cash or need professional advice on other legal issues, please contact our law firm. Our experts will help you understand all the nuances and ensure compliance with all legal requirements. We are always ready to provide you with qualified assistance and support.