I've read many posts about being 125% above the official US poverty line and things such as the need to have a minimum of $14,000 in your bank account.
I presume and understand (and know of) that most DV selectees with say perhaps approximately $20,000 carry their cash on them when moving to America.
The question is what about DV selectees who have no issues with finances i.e. have over $150,000 in savings and fixed assets (land/real estate) at their disposal which they can liquidate for a substantial sum of money (over $2m) to make the move to the US?
Also what about the tax implications or rather are there any tax implications to take a large amount of savings or proceeds to the US?
I think it isn't too inconspicuous to waltz out of your home country with over $100,000 cash in your cabin luggage without raising eyebrows lol
Any ideas or feedback or knowledge on the matter my friends?
I presume and understand (and know of) that most DV selectees with say perhaps approximately $20,000 carry their cash on them when moving to America.
The question is what about DV selectees who have no issues with finances i.e. have over $150,000 in savings and fixed assets (land/real estate) at their disposal which they can liquidate for a substantial sum of money (over $2m) to make the move to the US?
Also what about the tax implications or rather are there any tax implications to take a large amount of savings or proceeds to the US?
I think it isn't too inconspicuous to waltz out of your home country with over $100,000 cash in your cabin luggage without raising eyebrows lol
Any ideas or feedback or knowledge on the matter my friends?