One of the biggest concerns that expats have when moving to a new country is sorting out banking essentials. Every country has slightly varying procedures, here’s what you need to know to be familiar with Qatar’s rules.
You will be given a check book as soon as your current account is opened. This will come in handy while you’re dealing with house rentals.
Credit cards
Credit cards are easily obtained these days with a credit limit decided as per your salary. Make sure you are aware of all the fees related to credit cards and make all the payments on time.
Taxes
Qatar is a tax-free country. However, you should be aware of all the laws of the land and even your own home country to be certain of everything.
Money transfers
There are many options available for money transfer. You can do it via your bank or use the services of agencies enabling money transfer. Be aware of all the exchange rates and fees involved in the process to make informed decisions.
Credit: Qatar day
URL:http://www.qatarday.com/blog/information/banking-essentials-in-qatar/28845