If You are planning to buy a house or apartment in Bulgaria, there is a need to transfer funds from Russia to this country. It is important to examine all the possible methods, their advantages and disadvantages, in order to avoid unforeseen situations and unnecessary problems with Russian and Bulgarian tax authorities.
There are several ways of moving money:
- Transfer from account to account;
- With the help of payment systems;
- Using a Bank card;
- Cash.
The use of any method has its advantages and disadvantages. Let's examine the specifics of each of them.
Bank transfer from an account in Russia
To transfer the funds intended for payment for the purchased property, the citizen of Russia it is necessary to take the following steps:
- To open a Bank account in Bulgaria. All Bulgarian banks offer the possibility to open an account to any foreign citizen in the presence of the passport and offer quite favorable conditions for its maintenance. Among them: low cost of opening and maintaining accounts (about 6 dollars. account opening and 1-1. 5 dollars for its maintenance monthly), issue of debit card (free of charge), opening of current and settlement accounts (enables you to make calculations in an entrepreneurial activity); the service of Internet banking (the ability to carry out all transactions online).
- After opening a Bank account the owner shall within 30 calendar days to notify the Russian tax service, filling out a form at the place of residence. Otherwise, when translated into a foreign Bank funds, it can be subjected to an administrative fine in the amount of 10% of the transferred amount.
- Open foreign currency account in a Russian Bank. After filling out the necessary documents, you can put money into the account and to transfer in a Bulgarian Bank. Getting money is easy to check via your Internet banking.
Helpful hints:
Do not use the account in Bulgaria, if within a month have not had time to notify the tax authorities.
Do not translate from your account an amount greater $ 5,000.
The amount exceeding the equivalent of 5000 dollars, you can transfer Your loved one by presenting a document proving family relationships.
Plan for possible delays in the transfer (up to 10 days).
Transfer using a debit card and payment systems
Thanks to the credit card You can withdraw in a foreign country an unlimited amount of money. A significant drawback of this�� method is the high interest on the withdrawal of currency in other member States (Commission of some banks ranges from 0.3% to 1%). Moreover, there are restrictions on the amount of cash that can be cashed daily. Sometimes for reasons not fully understood the blocking of card accounts of the Russian banks. Although this is extremely rare, it still happens sometimes.
There are international transfer system, for example, Western Union, Money Transfer system Blizko, etc., which are also used for sending funds abroad. This method will cost much more expensive, but the money will get guaranteed in a shorter time. It is important to remember that according to Russian legislation, there are also certain restrictions on transfers through payment systems (up to $ 5,000 per day).
Move money in cash
Considering this possibility of delivery of money to Bulgaria, be aware that there are limits on the amounts that need not be declared. The sum of 3 thousand dollars per person does not need to be declared when entering Bulgaria. The amount of $ 10,000 is permitted freely to export from Russia. To cash equivalent in excess of 3000 dollars, you must complete the Declaration in the statutory form.
Important: If You decide to transfer money to Bulgaria via Bank transfer, in any branch of a financial institution, you will be asked to fill out a special form – "Application for transfer in foreign currency in which you want to specify the details of the parties and other important information. Carefully read all the points and check the correctness of entered data, as this will ensure accurate delivery to the addressee.
