PPRuNe Forums - View Single Post - Financial advice for the money earned in ME.
Old 28th Feb 2014, 16:20
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falconeasydriver
 
Join Date: Apr 2009
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Phoenix,

Its a simple concept, but it requires time effort and most of all a good degree of research.
First of all, yes get your money out of the ME, as a "guest" if anything goes wrong it will go wrong quickly with part of it being your accounts will very likely get frozen. I keep a limited local bank balance where I am for day to day expenses but the rest goes 20 minutes after my pay goes in.
Secondly make sure you have access to funds from outside the region that give you access whilst you are inside the region…a ccard that works is good with a decent limit is a must.
Thirdly you need to understand your tax position in your home country with respect to funds earned overseas..and then you need to work out the best way to avoid as much tax as you can.
From there the rest starts to fall into place
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