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 Transfer Huge Money
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Posted on 02-27-17 10:22 PM     Reply [Subscribe]
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Just wondering if anyone has transferred huge sum of money from Nepal to USA legally?
 
Posted on 02-28-17 3:31 AM     [Snapshot: 162]     Reply [Subscribe]
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What is definition of huge for you? But it's kind of difficult to transfer money from Nepal **legally as of now.


 
Posted on 02-28-17 7:57 AM     [Snapshot: 305]     Reply [Subscribe]
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I agree with the opinion as well. If you go to the Central Ban's website and search for directives on foreign currency transfer (repatriation to International transferee) it is only allowed in very very specific circumstances. It is highly improbable that commercial banks would be able to do wire transfer, in say US Dollars, to remit outside of Nepal. Even if you had a USD bank account, it is not allowed.

So legally (and easily) No. But my friends have use infomal channels in the past. Like someone in need of repatriation here gives you USD and then you give Nepali Rupees to their relatives back in Nepal. All based on trust. Or use Hundi.
 
Posted on 02-28-17 8:52 AM     [Snapshot: 368]     Reply [Subscribe]
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Last edited: 28-Feb-17 08:54 AM
Last edited: 28-Feb-17 08:57 AM

 
Posted on 02-28-17 11:43 AM     [Snapshot: 524]     Reply [Subscribe]
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http://sajha.com/sajha/html/index.cfm?threadid=100284
 
Posted on 02-28-17 1:30 PM     [Snapshot: 602]     Reply [Subscribe]
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म अर्को हप्ता जादै छु. चाहिन्छ भने म लगिदिन्चू. DM me we can go from there.
 
Posted on 02-28-17 8:07 PM     [Snapshot: 843]     Reply [Subscribe]
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@bhetghat: My inquiry is related to "from Nepal to US" not the opposite.
@meraj: Huge sum= money from property sale= above $500,000.
@kalidasbhaisab: Agreed with what you stated. Nepalese bank/economy cannot afford to remit such huge $$$$ amount to overseas. Not sure about Hundi process. Any amount greater than $10K gets reported to IRS and multiple deposits will certainly draw attention.

If any permanent resident (GC Holder) has sold property and remitted money to US- please share your experience(s) or what the laws say.


 
Posted on 02-28-17 10:34 PM     [Snapshot: 932]     Reply [Subscribe]
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try to find out people who send money to their family. You can ask them here and give them back in Nepal. This is very easy way to get money from Nepal. I did it previously and many people are doing it in New York. I hope you will find out many people.
 
Posted on 02-28-17 11:26 PM     [Snapshot: 979]     Reply [Subscribe]
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Just curious.. if someone bring that kind of money, from different ways like people have said.. how you going to invest it.. 500k+ is a lot. If you got questioned how u going to prove that's ur money back in nepal... coz even the money is white, if we can't verify source it's considered black... and isn't it like government will seize it and put us in trouble..
 
Posted on 03-01-17 4:46 AM     [Snapshot: 1043]     Reply [Subscribe]
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@afanta - I am curious too...let's say even if I get that $500K from different channels and hundi...where and how do I shelve that amount of money here, haina? Banks will flag consolidated $10K movement through Transaction Monitoring System.

Any experts willing to share their experience.....please
 
Posted on 06-08-19 10:31 PM     [Snapshot: 2874]     Reply [Subscribe]
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Were you able to find an answer to this?
 
Posted on 06-12-19 11:10 PM     [Snapshot: 3248]     Reply [Subscribe]
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I would start with Standard Chartered bank and find out if they can wire money,since its a multinational bank with locations in both USA and Nepal. With that kind of money, move money legally, inform uncle SAM and pay some (20%)taxes. Risk is not worth. If money is inherited or legally earned , it should be no problem.

Another way would be breaking down into chunks of 50K or less and doing hundi. Basically, you are gambling and moving money under the table, if IRS figures it out, better find a very very good lawyer.

Its part of the game, government will tax you until your last breathe lol.
 
Posted on 06-13-19 9:19 AM     [Snapshot: 3389]     Reply [Subscribe]
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Once you get chunk of money ( cash) bank may / will inform IRS ( anti money laundry ), better get the money with proper channel.
 
Posted on 06-13-19 11:25 AM     [Snapshot: 3454]     Reply [Subscribe]
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How much can we carry when we come back from Nepal? If family of three is coming back from visit, how much can each person carry?
 
Posted on 06-13-19 1:28 PM     [Snapshot: 3503]     Reply [Subscribe]
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You can bring as much as you can I believe. But Nepali bank has some cap to issue dollar. Also if its over -10 K I think you will have to declare it at customs
 
Posted on 06-13-19 2:02 PM     [Snapshot: 3523]     Reply [Subscribe]
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मेरो नागरिकतमा मसि अलिकति पुछिए जस्तो मात्रै थियो पापड बेलाइमा पारीयो , ट्रंप को सासन कालमा हाम्रै सरकारी कर्मचारि झैँ आमदानीको स्रोत र सटहि सुबिधा प्रमाण मागिदिए के गर्नु हुन्छ ?
 


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