How to legally export funds (currency) from Ukraine?
In connection with the ongoing military conflict in Ukraine, the issue of taking funds abroad has become especially urgent. Many citizens who leave the country in search of safety or better living conditions are faced with the need to transport their savings. In this article, we will consider the key aspects and rules related to the export of funds from Ukraine abroad.

Non-cash transfer of funds
One of the most convenient and safe ways to transfer funds is a non-cash transfer through banking institutions. To do this, you need to contact the bank where you have an account and issue an appropriate order to transfer funds to a foreign account. It is important to take into account that banks can set limits on the amount of the transfer and require documents that confirm the intended purpose of the funds.

Cash withdrawal
The export of cash abroad is regulated by customs legislation. As of today, natural persons have the right to take out cash equivalent to up to 10,000 euros without declaration. Amounts exceeding this limit are subject to mandatory declaration and may require the provision of documents confirming the origin of the funds.

However, it is important to note that when exporting or sending currency values ​​abroad by a resident of Ukraine in a total amount exceeding 10,000 euros per day of the transaction, documents certifying:

withdrawal of cash from one's own bank accounts by a resident citizen and a receipt for a currency exchange transaction with this cash (if it is carried out) only for an amount exceeding 10,000 euros on the day of removal or remittance. Documents confirming the resident's withdrawal of cash from their own accounts for export remain valid for 90 calendar days from the moment of cash withdrawal from bank accounts.
purchase by a resident of banking metals from banking institutions or the National Bank only for the amount exceeding the equivalent of 10,000 euros on the day of removal or forwarding.

Advice from "Olson Lviv" lawyers
Check the current rules: Due to the dynamic situation in the country, the rules for withdrawing funds may change. We recommend following updates on official resources, such as the website of the Ministry of Finance, the National Bank of Ukraine, and the State Customs Service.
Consult with experts: Before planning a transfer or withdrawal of funds, it is recommended to consult with bankers and lawyers who specialize in currency regulation and customs legislation.
Prepare the necessary documents: Ensure that you have all the necessary documents that you may need to transfer funds or declare them. These can be documents confirming the origin of funds, the intended purpose of the transfer, contracts, invoices, etc.
Be prepared for checks: In case of taking cash out, be prepared for the fact that customs officials may conduct a detailed check and ask for additional documents or explanations about the origin and destination of the funds.
Seek legal assistance: In case of difficulties or questions related to the transfer of funds abroad, do not hesitate to seek professional legal assistance. Legal company "Olson Lviv" is always ready to provide qualified assistance and consultations in this field.
If you have any questions or need legal assistance, contact the Olson Lviv law firm. Our specialists will help you understand all the nuances of taking funds abroad and ensure the legality and safety of your financial transactions.