The United Arab Emirates (UAE) has recently implemented a new process requiring travelers to declare the amount of currency they are carrying when entering or leaving the country. This new regulation aims to enhance financial transparency and prevent illicit activities related to money laundering or illegal transactions.
New Declaration Requirement for Cash or Financial Instruments Exceeding AED 60,000
As part of the UAE’s continued efforts to strengthen security and ensure compliance with international standards, travelers carrying cash or financial instruments valued over AED 60,000 (or an equivalent in other currencies) must now declare these amounts to the relevant customs authorities. This regulation applies to all passengers arriving or departing from the UAE.
How to Declare Your Currency
To comply with the new rule, passengers can declare the cash or financial instruments they are carrying to the Federal Authority for Identity, Citizenship, Customs & Ports Security (ICP). The process can be completed in two ways:
- Online Declaration: Travelers can visit the official UAE customs website to submit their declaration.
- Afseh App: The government has also launched the Afseh app, available for download on both Google Play and the App Store, allowing passengers to declare their cash on the go.
Special Provisions for Travelers Under 18
For minors under the age of 18, the amount of cash or financial instruments they carry will be added to the permitted limit of their parent, guardian, or accompanying adult. This ensures that the total amount does not exceed the declared limit, simplifying the process for families traveling together.
Why is the Currency Declaration Necessary?
The UAE’s move to implement this currency declaration requirement aligns with international practices for financial transparency. It helps authorities track large sums of money and ensures that no one is using the country as a route for illicit financial activity. Given the UAE’s status as a global economic and tourism hub, this step is designed to further secure its borders and maintain trust in its financial system.
Travelers to the UAE are advised to be aware of this new rule to avoid any delays or complications during their journey.
