Can I make an international transfer of over €300,000 to Germany?
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Well, first of all, this is the problem of the sender. You said Sri Lanka and invested capital, so the sender must first fulfill the commission of his country. If there are no obstacles, he must seek a bank that has access to the International Payment Systems. The settlement then takes place as a foreign payment, for example via Swift/ Tipanet or what is in Sri Lanka and usually comes to the account here via the central banks. You should talk to your bank once you choose the sender, a Z1 message should be given to international payment transactions. In addition, the sender needs account details, you cannot come with your IBAN. That would be my advice: go to the bank and let you say how such a payment would take place on the German side and what you would have to consider. Greeting
Good Morning.
Of course, more. Only one has to provide proof of where the money comes from.
You can. You need proof of origin and need to consider taxes in Germany. So report to the tax office or do it automatically to this sum.
You can do it anytime. But you should set up on embarrassing questions from the banks involved.
https://www.bafin.de/DE/Government/Focus Risks/Focus Risks_2024/RIF_6_Risks/RIF_6_Risks_node.html
In principle, virtually any sum can be moved back and forth within the EU
Only with proof of the source.
This has nothing to do with the possibility of transferring. You can also bring €300,000 in the suitcase via the motorway to the Czech Republic as long as you can prove the origin.
Free movement of capital within the European Union is just as guaranteed as freedom of movement,
Thank you, but how is it with third countries?
In principle, money can also be transferred from third countries, but this may be more complicated. For example, a sum of €300,000 could come from a house sale, which always runs through a notary in Germany. One should know exactly which country the money is transferred for what purpose. Basically this is possible, the importers must pay their salad deliveries from Egypt somewhere
A very special question. As far as I know, the Sri Lankan rupee is not unrestrictedly tradeable
If you want to build a business here, you need a tax advisor and a house bank. They know someone who knows someone
The money comes from a bank from Sry Lanka and has been invested.