I will very soon get my green card through consular processing, then I will come and live permanently in the USA. My question is that I want to bring some money with me from my savings of my current job. The problem is that I don't have a bank account in the US. I know that I am allowed to bring only 10K on me. What are some options that you can advise when it comes to traveling to the US and bringing money. Thanks for any valuable tips.
When moving money from one country to another, you need to comply with the laws of both countries.
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There is no limit to the amount of money in cash you can bring in with you, and you will not be "taxed" on it. You must, however declare any amount over $10,00O to what used to be "US Customs" and is now the CBP at the airport. They will have you fill out a Form, count the money and even give you an armed CBP escort put of the airport to a car which will be hopefully waiting to whisk you away.
Behar Intl. Counsel 619.234.5962 Kindly be advised that the answer above is only general in nature cannot be construed as legal advice, given that not enough facts are known. It is your responsibility to retain a lawyer to analyze the facts specific to your particular situation in order to give you specific advice. Specific answers will require cognizance of all pertinent facts about your case. Any answers offered on Avvo are of a general nature only, and are not meant to create an attorney-client relationship.
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None. This is not really an immigraiton question for two reasons . FIrst, as far as the immigration aspect of your quesiton is concerned, you already know the answer. The issue of taxes may be involved so you need to contact a tax attorney before you do anything
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I would suggest you speak with a CPA and would be pleased to refer you to one or have you engage my firm and we engage the CPA to maintain the attorney client privilege.
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