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Post by kennyshtia on Jul 16, 2022 0:39:23 GMT
Hi, I supposed to get my salary on US dollar, and I have two questions:
1- Can I open USD account in Saudi and eceive my salary to this account? and how will I spend money inside saudi using debit and credit card if currency in USD?
2- when it comes to paying tax on salary to my home country, is Aramco reimburse me for the tax paid every year?
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Post by scaustan on Jul 16, 2022 0:49:38 GMT
1) You will have option to get your Pay in USD or SAR or in both ( certain % in SAR and certain in % USD). You can open up multiple currency accounts.
2) I have read it somewhere that if you are coming on bachelor status, you may be eligible for reimbursement of excess state/provincial and federal/national income taxes derived on COMPANY-source income excluding bonus payments and end-of-service benefits
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Post by kennyshtia on Aug 9, 2022 3:06:10 GMT
I just would like anyone to confirm that I can open account in USD in saudi banks so that at the end of my service I can transfeer my money easily from saudi to my offshore account (I don't want to deposit in my offshore account from now)
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Post by Deleted on Aug 9, 2022 8:17:13 GMT
I just would like anyone to confirm that I can open account in USD in saudi banks so that at the end of my service I can transfeer my money easily from saudi to my offshore account (I don't want to deposit in my offshore account from now) Your best to get it offshore asap, keeping it in kingdom increases your operational risk. There are stories of bank accounts being wrongly frozen for this and that. The government can quite easily cut your access to kingdom bank accounts, keep this in mind. Aramco will pay directly offshore, you can choose to have a small amount go into SAR if you choose as well. |
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Post by kennyshtia on Aug 10, 2022 1:33:56 GMT
Thanks for that, and can I change my offshore bank after while of working in Aramco (change my bank details for salary to be deposit in it)?
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Post by goingworldwide on Aug 10, 2022 13:01:21 GMT
Does anyone have any recommendations for an offshore USD account? Does anyone know if the RBC US account will report back to Canada CRA?
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Post by Deleted on Aug 11, 2022 6:59:21 GMT
Does anyone have any recommendations for an offshore USD account? Does anyone know if the RBC US account will report back to Canada CRA? It’s use HSBC in the Channel Islands, works ok for me. They have a decent general investment account too. |
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Post by goingworldwide on Aug 13, 2022 15:52:40 GMT
Does anyone have any recommendations for an offshore USD account? Does anyone know if the RBC US account will report back to Canada CRA? It’s use HSBC in the Channel Islands, works ok for me. They have a decent general investment account too. Thanks McShane, how long have you used them for? |
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Post by StarboyX on Aug 16, 2022 11:47:47 GMT
It’s use HSBC in the Channel Islands, works ok for me. They have a decent general investment account too. Thanks McShane, how long have you used them for? Go HSBC worldwide, you'll see the benefits |
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Post by atm on Apr 21, 2023 20:48:36 GMT
o, everyone! I’m from Brazil and quite confused to assigned my salary to receive 50% directly in my local bank in Brazil. One USD dollar in KSA is equal 3.75 but in Brazil it’s about 5.10. If they deposit directly in my bank in Brazil that might use the exchange rate 3.75. I’m wondering if I do my own transfer throughout any western union/wise if it would better, since I would buy usd dollar and transfer from usd to usd? I appreciate your advice!
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