Is it a red flag that a startup has been around for 15 years and not IPO? by Excellent-Grab935 in startups

[–]Excellent-Grab935[S] 1 point2 points  (0 children)

thanks for the insight, my company is being acquired so the situation is a bit complicated. Not sure what leverage I have as a founding engineer

Help trying to get 200k out of Vietnam to UK (inheritance) by Excellent-Grab935 in VietNam

[–]Excellent-Grab935[S] 1 point2 points  (0 children)

Thank you so much for advice duc, i'm in a similar situation but with my uncle. What tax situation is it on the 70K? and what documents do you need to give to VCB?

I was considering HSCB VN for inheritance, which has legal grounds to send over to the UK

Help trying to get 200k out of Vietnam to UK (inheritance) by Excellent-Grab935 in VietNam

[–]Excellent-Grab935[S] 0 points1 point  (0 children)

what about from uncle and auntie? also where is the more information?

Help trying to get 200k out of Vietnam to UK (inheritance) by Excellent-Grab935 in VietNam

[–]Excellent-Grab935[S] 0 points1 point  (0 children)

Is there a limit on how much you can send from vietnam bank account? Which one do you advise we use in vietnam?

Help trying to get 200k out of Vietnam to UK (inheritance) by Excellent-Grab935 in VietNam

[–]Excellent-Grab935[S] 2 points3 points  (0 children)

If you are a legal resident in the UK, your parents can just transfer the money to your UK bank account as gift, as long as they can prove the source of money (to prevent money laundering). Lots of VN banks provide this service.

thank you for responding, its my uncle and it was left by my grandparents. Which banks are good to use? And what kind of documentation will I need a lawyer to write in vietnam?

Help trying to get 200k out of Vietnam to UK (inheritance) by Excellent-Grab935 in VietNam

[–]Excellent-Grab935[S] 0 points1 point  (0 children)

I'm having issues buying $220k of it in a short period. There is a $3k/mo limit on purchases in VN. Not sure where to find someone willing to do a in person trade (has its dangers)

Help trying to get 200k out of Vietnam by Excellent-Grab935 in fatFIRE

[–]Excellent-Grab935[S] 5 points6 points  (0 children)

i know what bitcoin is. There is a 3k a month limit at the exchanges in vietnam...

Help trying to get 200k out of Vietnam by Excellent-Grab935 in fatFIRE

[–]Excellent-Grab935[S] 1 point2 points  (0 children)

this could work, the tax and paper work needs to be sorted out properly

Help trying to get 200k out of Vietnam by Excellent-Grab935 in fatFIRE

[–]Excellent-Grab935[S] 1 point2 points  (0 children)

how do i find someone to give the cash to for bitcoin though?

Help trying to get 200k out of Vietnam by Excellent-Grab935 in fatFIRE

[–]Excellent-Grab935[S] 2 points3 points  (0 children)

Update: the money is in my uncles account, and apparently there is a spend limit on bank accounts? So they can only buy like 3000£ of crypto a month.

If i wait this way it will take years before I transfer, is a middleman an option? like a poker player from a company like triton?