The removal of national barriers to the free movement of goods within the EU is one of the principles enshrined in the EU Treaties.
No limits apply to assets acquired and transported between countries of the European Union (EU), provided that such goods are intended for personal use and not for commercial purposes. Taxes (value added tax – VAT, and excise duties – IEC) are included in the price you pay. However, certain goods (eg. weapons, ammunition, animal and plant species protected under the Washington Convention, tobacco and alcohol), are subject to constraints provided for in specific legislation.
For specific information about importing personal goods to Portugal, please contact: email@example.com
Free movement of capital is another essential condition for the functioning of the EU internal market. With the liberalisation of capital markets and the establishment of the European Economic and Monetary Union (EMU) through the Euro, individuals can manage and invest their money in any EU Member State. EU citizens can perform a large number of financial transactions in the EU without major restrictions, for instance: open a bank account, buy shares, purchase real state in another Member State or simply invest. EU companies can also invest, own and manage other European enterprises.
There are however some exceptions to the principle of free movement of capital both within the Member States and with third countries.
Any citizen may enter or leave the EU with up to €10 000 in cash (or its equivalent in other currencies or assets) without declaring it. If you are carrying €10 000 or more, it must be declared to the customs authorities. These cash controls are aimed at combating money laundering and other criminal activities.