Remittance Limits

Last activity 12 August 2012 by pkmusd

10244 Views

2 replies

Post new topic

texas_toastMember12 August 2012 03:29:27

I read some articles saying that KSA was going to limit the amount of money you can send back to your home country. Does anyone know more about this?

All of the articles I read were from last year. Have there been any updates since?

pkmusdSerial expat12 August 2012 10:39:40

827

That depends on how you are going to remit. They have the monitoring mechanism however, I havent heard of anyone not being allowed to send money.
As per govt rules, they try matching your remitances against your salary range. For instance if you are sending 100,000 SAR each month with salary of 50,000 SAR a month definitely and eventually somebody will come back to you asking for the additional source. The MOL in KSA is already working to define measures whereby they have your salary info electronically stored for comparision with your remittances, however this initiative is not yet implemented.

Let me know if you hear some thing else.

pkmusdSerial expat12 August 2012 18:33:46

827

Yes they have plans but not implemented.
So dont worry as far as u t within your salary limits thr is no restriction.
Also if u want to carry cash 60k sar is the limit defined by saudi customs

Articles to help you in your expat project in Saudi Arabia

Opening a bank account in Saudi Arabia
One of the first and most important tasks for expats in Saudi Arabia is to get their bank accounts open and ...
Banking in KSA
My personal experience recommends that the foreign banks are far better and easier to deal with in terms of ...
Everything you need to know as an expat woman in Saudi Arabia
Saudi Arabia can be a challenging destination for women. As a strict Islamic country, Saudi Arabia imposes a lot ...
Dating in Saudi Arabia
If there was one adjective that could describe dating in Saudi Arabia, it would be the word 'discreet'. ...
Getting married in Saudi Arabia
Saudi Arabia is a country that holds marriage and family as one of its core values. It is a privilege to get ...
Driving in Saudi Arabia
Driving in Saudi Arabia is the easiest and most convenient way to get around. That being said, expats in Saudi ...
Moving to Saudi Arabia with your pet
Saudi Arabia is governed by the Shari'a, which is the Islamic Law. According to Wahhabism, animals, and dogs, ...
Accommodation in Dammam
Dammam is the capital city of the Eastern Province, which is made up of smaller cities that, together, form the ...