Comparison of Cash Declaration Rules in Ukraine and the EU
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Every person crossing a national border with cash is subject to the currency and customs regulations of both the departure and entry countries. Ignorance of these rules often leads to unpleasant consequences, such as customs inspections, temporary confiscation of funds, fines, and more.
Although the rules in Ukraine and the European Union are generally similar — both jurisdictions have a basic limit of €10,000 — differences exist in the details: declaration procedures, document requirements, forms of control, and penalties for violations.
Understanding these nuances is especially important for those who travel regularly, conduct business between Ukraine and the EU, or invest abroad. Even a minor error in a declaration can result in cash being delayed.
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