Sale of a Solar

petereilly

New member
Apr 27, 2021
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Panama
I purchased a solar last year in Cap Cana and am selling it now...any issue with having the buyers wire transfer the monies to my bank account in the USA. I don't have any DR bank accounts.
 

La Profe_1

Moderator: Daily Headline News, Travel & Tourism
Oct 15, 2003
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From experience, I can tell you that it is totally possible to have US dollars wired from a Dominican bank to a US one. However, I would suspect that if the amount wired exceeds $10,000 US, you will have to prove the source of funds.
 
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La Profe_1

Moderator: Daily Headline News, Travel & Tourism
Oct 15, 2003
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In the case of my own experience, funds were wired from a US dollar account. Most likely the buyer would have a similar account if you are selling in US dollars.
 

Buffness

Self-imposed banned🫢
Oct 9, 2014
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…….funds were wired from a US dollar account. Most likely the buyer would have a similar account if you are selling in US dollars.

That part! Its usually best ( and cheaper) for both parties to have USD bank accounts especially for transactions over $5K IME.