dimk
Senior Member
Posts: 114
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Post by dimk on Sept 4, 2014 5:30:47 GMT
Good morning,
1.I`ve been told that as soon as you get your iqama, you will be eligible to open a bank account in KSA, which means that you will be paid via cheques from Aramco.
In that case, will i still be able to make some deposits from Arabia to a bank account in Europe even if i will not have opened a bank account yet in Arabia?
2.How difficult is for someone to opean an offshore bank account in the UK? Does it depend on actually which company you will be working for, or on nationality, or on any other criteria?
3.What is the procedure a relative must follow (in terms of application forms, etc) before comes in KSA for a visit? Are medical tests obligatory for someone to do on his country of origin before flies for KSA? How long a visa normally takes for a relative?
thank you
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Maursh
Senior Member
Posts: 169
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Post by Maursh on Sept 4, 2014 11:56:06 GMT
1) You can always make a transfer from an overseas to a European account. I am not sure that I have understood the question
2) It is very easy, assuming you already have a UK current account and are opening it with the same insution. However, we have reverted back to our UK (onshore) account because the offshore fees were so high (versus free in the UK ) and the only real benefit was no basic tax on the interest. I think that you can fill in a form to reclaim tax on interest and this is less of a concern with interest rates being so low.
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dimk
Senior Member
Posts: 114
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Post by dimk on Sept 4, 2014 14:34:45 GMT
Maursh,
well, provided for the first 3 months i will be paid in cheque until i open my own bank account, can i simply go to any bank in ksa and make a deposit in a bank account in europe? i mean, is it mandatory for me to open first a bank account and then start making some deposits to another account in Europe?
Regarding offshore accounts, i dont currently have either a uk onshore account. so the main advantage of an offshore is basically there is no tax on interests,right?.
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Post by goatlast on Sept 4, 2014 15:08:02 GMT
Dimk, I sent you pm, check please
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Post by UmmRiyam on Sept 4, 2014 16:54:27 GMT
You can check the Saudi Embassy website for your country or the nearest Saudi Embassy that your family member would apply to. The forms should all be there. From Saudi Arabia, you would start the family visit visa process through Aramco. They will help you get the permission from the Saudi government. Once you get that, then your family member would send their application per the instructions on the website. It takes at least a month to be safe, but I would start the visa process a couple of months before the departure date.
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Post by firefighter on Sept 5, 2014 3:23:59 GMT
goatlast, Can you please send me any information about offshore banking to my email address edmpat1@gmail.comThanks in advance for sharing information. |
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dimk
Senior Member
Posts: 114
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Post by dimk on Sept 5, 2014 6:20:12 GMT
goatlast, o, i havent received anything yet. where did you sent it?  |
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Nemo
Member
Posts: 41
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Post by Nemo on Sept 5, 2014 7:22:27 GMT
Dimk,
you will be able to request your salary to be deposited in an account in your home country for the first months (make sure you bring all the bank account info including IBAN) and then change it to split a portion to the local bank account and other portion to your home bank account if you want, you can make changes whenever you need to.
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Post by goatlast on Sept 5, 2014 9:45:46 GMT
dimk I sent a PM to you asking you to forward the cash in lieu matrix to me can you? My email is tarek_amin@hotmail.com |
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Post by MissingSki on Sept 5, 2014 13:15:30 GMT
Hi Nemo, my bank BMO (Canadian) doesn't have a IBAN number but a SWIFT code, do you think it will work? thanks.
MS
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Post by fsaeed81 on Sept 5, 2014 18:03:17 GMT
MissingSki,
Ive been wondering this myself. I have an account in US with HSBC and they've provided me a SWIFT code but said in US, IBAN codes are not used. So in other words, I have a SWIFT code, routing number and my bank account number. Will this be enough information for payroll to process transfers to US account. (Sorry MissingSki - didn't mean to intrude into your question.)
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Nemo
Member
Posts: 41
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Post by Nemo on Sept 5, 2014 20:31:54 GMT
IBAN in ost caes is for European and ME bank accounts, for US and Canada, ABA and swift will suffice. Make sure you bring a void cheque so they can verify all the bank info they need.
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dimk
Senior Member
Posts: 114
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Post by dimk on Sept 22, 2014 17:07:31 GMT
Nemo,
i`ve made a research and i have decided to open an offshore bank account with Lloyds Bank in order to make some transfers from my local saudi bank to lloyds.
Do you believe is a reputable and trustworthy bank? What should i be aware of? Any hidden things or tips for international transfers? am i going to be charged for any money transfers from saudi bank to lloyds?
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