I have the equivalent of about £10,000 in a savings account in a bank in New Zealand. Since I've now come to the realisation that I'm never going back to New Zealand and will be staying in the UK permanently, I'd like to bring this money to the UK. What's the best way to do this to avoid paying unnecessary bank fees, foreign exchange commission, etc? Is there anything I need to know, such as are there restrictions on how much money you can bring into the UK at one time?
2007-10-04 00:14:29 · 10 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
through my bank account
2007-10-04 00:17:00 · answer #1 · answered by Anonymous · 0⤊ 2⤋
great sum of money = How plenty????? thousands and thousands of RMB??? or purely one hundred,000 RMB??? while you're making funds legally in China then you definately can, of direction, deliver area of the money returned to England. earlier you desperate to establish a business enterprise in China, you greater effectual visit seek for suggestion from the attorneys / accountant companies on the subject of the small print. extremely concerning to the TAX fee for the commerce / business enterprise you may do in China. distinctive trades have distinctive tax expenditures. genuinely, you will desire to pay a business enterprise Tax from 5% as much as twenty some % plus 8% to 10% or greater income tax, comprehensive 13% - 30 % or up. that's concern to which city you may sign in your business enterprise, the tax fee could be bigger or decrease. once you are going to open a Spa or a KTV front room or a Jazz club in Shanghai, you may would desire to pay plenty bigger tax fee then beginning an accounting consultancy business enterprise. that's an extremely complicated technique for a foreigner to persist with for a BR business enterprise registration (one hundred% very own via that particular), although, in case you married an area chinese language lady there and could kind a partnership business enterprise together with her kinfolk individuals, then it would be plenty much less confusing. The investment funds you may desire to start with is plenty decrease to boot. genuinely, chinese language government would not motivate all people to deliver the money out of China, each and each guy or woman can in uncomplicated terms deliver optimum RMB20,000 to head away China each and each time. My father bought some land / buidlings in a city in Guangdong and rented them out, he places the money into his community financial employer debts and brings returned no greater advantageous than RMB20,000 to Hong Kong each month.
2016-12-28 14:12:34 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Move it to an international bank like HSBC. Then transferring it will be easy. I don't think cash is a sensible option.
2007-10-04 00:17:10 · answer #3 · answered by ? 7 · 0⤊ 0⤋
Just go to your bank and have the money wired. That is the best way.
Good Luck!!!
2007-10-04 00:18:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
u can get clearance from the Reserve Bank of New Zealand.
2007-10-04 01:02:52 · answer #5 · answered by jimmybond 6 · 0⤊ 1⤋
go online with your bank accounts and simply transfer from one to the other
2007-10-04 00:17:46 · answer #6 · answered by Anonymous · 1⤊ 0⤋
buy drugs with the money then sell the drugs over in uk
or
im supposed to inherit a 2 million fortune from my farher who died in the congo i need 100000 in my account before i can get the money i have 80000 and im well on the way to another 10000
so if you put your money into my account i will give you 40000 when you come to the uk
:)
2007-10-04 00:17:24 · answer #7 · answered by sean m 3 · 0⤊ 2⤋
Find out if the All Blacks can walk just in front of you.
2007-10-04 00:41:21 · answer #8 · answered by Barry K 5 · 0⤊ 1⤋
did you leave your brain behind as well get the bank to transfer it ..less hassle
2007-10-04 00:19:47 · answer #9 · answered by boy boy 7 · 0⤊ 2⤋
Smuggle it in and keep it under your bed.
2007-10-04 00:17:24 · answer #10 · answered by shygirl78 4 · 0⤊ 2⤋