Taxes in Tunisia and bank accounts

Hi,

Consider a slow approach which is what I did coming from the U.S.

I first opened a foreign currency account in USD$ at BIAT before residency. I was then able to draw converted cash from an ATM at a good exchange rate and no ATM fees. Note however that this ATM card CANNOT be used for purchases in Tunisia because it is considered a foreign account. This was not a problem as I simply purchased things with cash. Also, most merchants do not accept credit/debit cards anyway.

I next opened a Borderless Account with TransferWise and chose USD$. I believe they offer 5 currencies and GBP is one. When I need funds in Tunisia, I simply transfer from them to BIAT and the fee is low. However, you will pay for a separate SWIFT transfer fee because Tunisia has a closed currency system.

Obtaining a true Tunisian currency account is only possible after you obtain a Carte de Jour which is a 1 year renewable residency. One of the residency requirements is that you must have some form of Tunisian bank account, even if with foreign currency, before your application can be submitted.

I'm not yet versed in the taxation issues, but that is my next issue.

Please contact me via email if you have further questions. [email protected]

Thanks and good luck!

Hello Gary, thank you for your detailed response!

I live in Gammart. My WhatsApp is ***. Perhaps we could chat there?

Hi,

I don't use WhatsApp as my account was hacked, but will call your cell tomorrow.

Thanks, Gary

Hi,

You can see in your text that your phone number was removed by site security. Is there another method by which I can reach you? I am not sure what personal details can or cannot be indicated here.