Hi, apologies in advance for the question not entirely consulting related.
I got consulting offers in the UAE and one in Qatar. I worked in Europe all my life. Obviously, the salary is extremely appealing even considering the higher cost of living. I see my self in the ME (Middle East) short term 2-4 years maximum. I got told that transferring your money from the ME to Europe could be challenging for legal limitations and costly because high fixed and variable fees apply exchange rates.
I wanted to learn from someone who had this experience:
- How easy is it to move your savings from UAE / Qatar to a European Bank (€) from a legal perspective? - How costly is it (conversion fees)? Is there a trick to exchange in a cheaper way to €? (e.g. pass it to $ a then € maybe..)
- Any other untold challenge or story regarding this matter you would like to share with me?
Thanks in advance for your advice,