bringing cash to cyprus

daver


Joined: 28/08/2007
Posts: 36

Message Posted:
08/06/2008 14:23

Travelling over and will be bringing £5000 in cash is there any rules and regulations about how much I can bring into the country and will there be any problems UK end? does anyone know if I have to declare the money at the airport?

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
08/06/2008 14:29

If you get stopped with that amount of cash at UK immigration you will be taken away and questioned.



It is not illegal to bring that amount of cash through, however with money laundering commitments, any large sum is always looked as a potential illegal.

Hot Hornet


Joined: 03/06/2008
Posts: 343

Message Posted:
08/06/2008 14:39

as long as the rules haven't changed recently 10,000 dollars you can take in and take out - so in theory depending on slight fluctuations on the e.r you should be able to bring in £5k - £1= 1.969 dollars

daver


Joined: 28/08/2007
Posts: 36

Message Posted:
08/06/2008 14:43

thanks for that information dont think i will bother , does anyone know if you can get sterling from the atm in kyrenia as you get a much better exchange rate there

ttoli


Joined: 24/03/2007
Posts: 1172

Message Posted:
08/06/2008 15:10

I bought most of my stage payments over from the UK in cash,carried a copy of my bank statement and told UK customs on my way out, that I was carrying and where it came from, I never had a problem

Dunns


Joined: 06/05/2008
Posts: 29

Message Posted:
08/06/2008 15:27

Most of the atms offer sterling withdrawels

brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
08/06/2008 16:42

Customs had sniffer dogs at STN a while back, just after the big robbery.

I asked one of them if they were looking for drugs, the officer informed me that the dog was trained to sniff money.

I asked what the rules are, he told me GBP 7,500 is allowed either way, to/from UK, however he recommended you carry bank statements to show it's not undeclared cash etc. as you will be questioned, but they will not aprehend you up to this amount.

brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
08/06/2008 16:45

Re: msg above:

of course leaving Cyprus, the rules are posted at the airport (Ercan) USD 10,000 max to take out.

spook


Joined: 23/01/2008
Posts: 244

Message Posted:
08/06/2008 17:05

Look on the Customs & Excise web site.

Ttravel between any EU countries there is no restrictions, outside of the EU MAX 10000 Euros unless you make a declaration you can download all the info you require

Hot Hornet


Joined: 03/06/2008
Posts: 343

Message Posted:
09/06/2008 10:44

but spook TRNC is not in the EU - or am I missing something?!

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
09/06/2008 12:08

I have spoken to HMRC about this and read the declaration available at all airports.

You can take any amount you like to TRNC so long as you declare it on this form which is in duplicate and you keep one copy as proof you told them. You do not have to fill the form in if it is less than 10000 euros each.

Movement of funds within the EU is not contolled unless of course they suspect you of money laundering in which case if you cannot prove from whence it came you must be prepared to loose it.

Hot Hornet


Joined: 03/06/2008
Posts: 343

Message Posted:
09/06/2008 15:29

breezyboy

interesting, but that being UK HMRC - what about the rules that the TRNC government apply for their own country - surely that should be by what we go by?

Not an expert by any means, so apologies if I am wrong - was sure it was 10k US Dollars though

EricaJ


Joined: 19/04/2008
Posts: 18

Message Posted:
09/06/2008 15:46

Hi there

I bought £5,000 cash out with me in April and have bought large sums through before as well. Got stopped and hand luggage searched at Customs in UK this time and they were absolutely fine with the cash, so no problem! Actually ended up bringing it all back with me as next stage payment wasn't ready!!

Hope that helps

Erica

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
09/06/2008 16:05

Hi Hot Hornet.

I have no sure knowledge of TRNC government stance on this. But they would be the first developing government to turn down foreign currency being bought into their economy. The banks couldnt care less when you put it in either.

The form from HMRC is definately 10k euros because they originally told me on the phone that it was £5k but one assumes that the written word from them is stronger than the spoken! Dont know which days exchange rate they might use though. I also spoke to a customs officer at the airport two years ago and he said if you had evidence of why you were taking large amounts out then that was all they were interested in.

Hot Hornet


Joined: 03/06/2008
Posts: 343

Message Posted:
09/06/2008 16:36

well judging by the posts below ours, people each have their own story to tell, so as with most things, it depends on the day!

But if anyone was in any doubt then abide by what UK HMRC tell you I guess.

spook


Joined: 23/01/2008
Posts: 244

Message Posted:
10/06/2008 02:34

As previous post you can bring as much cash as you see fit, the restrictions which are in place are as a result of an EU law (15/6/2007) which was enacted to combat money laundering.

It would depend on where your point of entry is in Cyprus ie if into the south then you are entering an EU country.

If you do a google search for Form c9011 and look on http://www.directgovuk you can get all the info you require inc a download of form c9011 follow the directions on this form after completion you can pop it into a "drop box" at your departure airport.

Remember that above all it is your money,you only have have to be able to prove that you have not obtained it illegally.