Go Back  British Expats > Living & Moving Abroad > Middle East
Reload this Page >

UAE Banking or Offshore??

UAE Banking or Offshore??

Old Nov 24th 2004, 5:26 pm
  #1  
Just Joined
Thread Starter
 
Joined: Nov 2004
Posts: 11
Radar35 is on a distinguished road
Question UAE Banking or Offshore??

Hi all,

Can anyone advise me whether to bank in UAE or to go off shore? I will have wages paid into UAE bank but have commitments in UK too so will need to transfer money monhtly.

What other outgoings can I expect in UAE apart from living expenses, when Accommodation is covered by employer?

Thanks all,

Cheers
Radar35 is offline  
Old Nov 25th 2004, 1:48 am
  #2  
Premium Member
 
Truth Speak's Avatar
 
Joined: Oct 2004
Location: Abu Dhabi soon
Posts: 4,123
Truth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond repute
Default Re: UAE Banking or Offshore??

Originally Posted by Radar35
Hi all,

Can anyone advise me whether to bank in UAE or to go off shore? I will have wages paid into UAE bank but have commitments in UK too so will need to transfer money monhtly.

What other outgoings can I expect in UAE apart from living expenses, when Accommodation is covered by employer?

Thanks all,

Cheers
Morning radar -

Its actually cheaper to have the money paid to the UK and transfer it back - but that buggers you if u want the clout for a mortgage as the bank here won't see ur full wages.

Wouldn't bother with offshore - theres no extradition treaty with UAE so the UK tax man shouldn't be able to get at anything.

Cots of living:

Municipality tax - 5% of yr rent
Water and electric can be horrific in the summer - Face can help u there - apartments with AC supplied and no garden are the cheapest.
Alcohol - not cheap and if u like a few they'll cost u.

Local phone is free by landline and mobile isn't too bad. Sat TV will set u back 20-50 quid a month and if u want internet broadband will cost 40 quid a month.

Medical insurance is a must - if your employers don't provide this it will cost a pretty packet

Schooling - up to 50K AED a year!! if u have kids that is

Cars and petrol are cheap.

Clothes r a bit upon the UK - not alot though and if u are strapped everything in karama is cheap - ask JC

Cheers
TS
Truth Speak is offline  
Old Nov 25th 2004, 2:23 am
  #3  
Up in the air
 
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Jammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond repute
Default Re: UAE Banking or Offshore??

Originally Posted by Truth Speak
Clothes r a bit upon the UK - not alot though and if u are strapped everything in karama is cheap - ask JC

Cheers
TS

Meeeeow!!!
Jammy_Dodgers is offline  
Old Nov 25th 2004, 2:24 am
  #4  
Premium Member
 
Truth Speak's Avatar
 
Joined: Oct 2004
Location: Abu Dhabi soon
Posts: 4,123
Truth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond repute
Default Re: UAE Banking or Offshore??

Originally Posted by Jammy_Dodgers
Meeeeow!!!
LOL - no - JC took Kristy handbag shopping - they are almost real - would pass muster with most!!
Truth Speak is offline  
Old Nov 25th 2004, 2:26 am
  #5  
Up in the air
 
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Jammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond reputeJammy_Dodgers has a reputation beyond repute
Default Re: UAE Banking or Offshore??

Originally Posted by Truth Speak
LOL - no - JC took Kristy handbag shopping - they are almost real - would pass muster with most!!
Cool, I could do with some more Louis Vitton !!!!!
Jammy_Dodgers is offline  
Old Nov 25th 2004, 2:28 am
  #6  
Premium Member
 
Truth Speak's Avatar
 
Joined: Oct 2004
Location: Abu Dhabi soon
Posts: 4,123
Truth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond repute
Default Re: UAE Banking or Offshore??

Originally Posted by Jammy_Dodgers
Cool, I could do with some more Louis Vitton !!!!!
Kristy could probably lend u one!!
Truth Speak is offline  
Old Nov 25th 2004, 10:06 am
  #7  
Troublemaker
 
kristy's Avatar
 
Joined: Aug 2004
Posts: 540
kristy is just really nicekristy is just really nicekristy is just really nicekristy is just really nicekristy is just really nicekristy is just really nicekristy is just really nicekristy is just really nice
Default Re: UAE Banking or Offshore??

Originally Posted by Truth Speak
Kristy could probably lend u one!!
Get your own! I'm very attached to my handbags.
kristy is offline  
Old Nov 25th 2004, 4:49 pm
  #8  
Premium Member
 
Truth Speak's Avatar
 
Joined: Oct 2004
Location: Abu Dhabi soon
Posts: 4,123
Truth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond reputeTruth Speak has a reputation beyond repute
Default Re: UAE Banking or Offshore??

Originally Posted by kristy
Get your own! I'm very attached to my handbags.
Hi K..... u'r very quiet these days...everything Ok?
Truth Speak is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.