Azerbaijan: transfers abroad up to USD 20,000 need no documents, property payments do
Under Central Bank Rules No. 45/1 an individual may transfer up to USD 20,000 abroad without supporting documents (per calendar month in the rules, per day in a 2023 press release); payments for property abroad require documents. Cash taken out: up to USD 10,000 oral declaration, USD 10,000 to 50,000 written declaration with proof of import, above that only by bank transfer.
What this changes in the calculation
No change to the rates; an apartment in Georgia is paid for by transfer with the contract.
- Status
- verified
- Published