I am moving to Doha in two weeks and I need to know how to send money back to my uk bank account without paying tax in the uk or paying large fees. can anyone give me some advice.
its gonna be GULF EXCHANGE COMPANY- YOU CAN CALL THIS NUMBERS: 4383-265/263/262/270/269.. ALL THese are counters. you can check out BEST RATES ...which part you are? i can give you more counter numbers if you want.. just tell me your location...to make it easy for you
from memory 12 GBP in britain and varying rate here
banks offer a lower exchange rate than money exchanges (except western union which is a person to person service)
HSBC offer a service where u can have 1 free transfer per month, other banks may do so as well but from experience the cost, even with a free transfer are about the same as an exchange transfer
You can send cash through Wester Union to avoid taxation.
or
You can transfer money to UK using various methods like online bank transfer or normal wire transfer or cashier cheques etc but end of the year you need to file tax return for these remmittance.
Bank-to-Bank transfers are very expensive, not in the transfer charges, but in the non-preferential exchange rate. Smaller exchange places offer better foreign exchange rates and they charge fixed tranfer fees of a max. of QR.50 (from my last 3yrs experience)
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its gonna be GULF EXCHANGE COMPANY- YOU CAN CALL THIS NUMBERS: 4383-265/263/262/270/269.. ALL THese are counters. you can check out BEST RATES ...which part you are? i can give you more counter numbers if you want.. just tell me your location...to make it easy for you
I send money back to the UK every month and my bank here (CBQ) charges QR70 but my UK account doesnt charge anything to receive it.
you will be charged at both ends of the chain
from memory 12 GBP in britain and varying rate here
banks offer a lower exchange rate than money exchanges (except western union which is a person to person service)
HSBC offer a service where u can have 1 free transfer per month, other banks may do so as well but from experience the cost, even with a free transfer are about the same as an exchange transfer
You can send cash through Wester Union to avoid taxation.
or
You can transfer money to UK using various methods like online bank transfer or normal wire transfer or cashier cheques etc but end of the year you need to file tax return for these remmittance.
Hope its cleared.
Hi baldrick2dogs
Mind me asking what bank you use?
I have only arrived here a week ago and will be setting all of this up
Cheers
By E-mail!!!!
I've never got a bad exchange rate from my bank and the charge is £10.
Western union
Branches in lulu hyper or any exchange place
MoneyGram® services
Branches in Gulf Exchange Company(behind Alfardan building) and Eastern Exchange Est.
Bank-to-Bank transfers are very expensive, not in the transfer charges, but in the non-preferential exchange rate. Smaller exchange places offer better foreign exchange rates and they charge fixed tranfer fees of a max. of QR.50 (from my last 3yrs experience)
keep your bank account and send a transfer via a bank here but you will pay ridiculous fees!
keep your bank account and send a transfer via a bank here but you will pay ridiculous fees!
Just a bank transfer should be fine..