Expat Finance Services in Kuwait
The currency used in Kuwait since 1961 has been the Kuwaiti dinar. The dinar replaced the Gulf Rupee at that time. The Kuwaiti Dinar has the highest value of any currency in the world. One Kuwait dinar is worth about 3 United States dollars. Bank notes come in the denominations of a quarter dinar, a half dinar, 1, 5, 10 and 20 dinars.
There is no legal restriction on transferring money into or out of Kuwait. There are plenty of bank branches in the country, including both foreign and domestic banks. Banks in airports are open 24 hours and are specialized in converting currency. There are also Islamic banks only for Muslims that are prohibited from charging any type of interest.
Anyone living in Kuwait can open a bank account, but there is a lot of required paperwork, including a letter from an employer verifying one's salary to be paid directly into the bank account, and also proof of legal residency in Kuwait. Most businesses in Kuwait prefer to deal in cash and not checks. Writing a bounced check in Kuwait is a serious criminal offence. There are ATM machines in Kuwait where money can be withdrawn with a card.
See our guides
Currency Exchange in Kuwait
Need to transfer money or make a significant purchase abroad? Compare foreign exchange specialists and get the best exchange rate on the market.
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Current Account in Kuwait
Current accounts specifically created to address your needs as an expatriate. Multi currency, bill payments… find the solutions to your everyday banking needs.
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Offshore Savings in Kuwait
Compare offshore savings accounts and find the right solution that meets your saving requirements while living abroad.
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Expat Mortgages in Kuwait
Free and no obligation quotes to help you find the best overseas mortgage. Compare overseas mortgage advisors and make a free enquiry
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Financial Advice in Kuwait
Get information on investment portfolio building to achieve your investment objectives according to your risk profile.
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Expat Savings in Kuwait
Make an initial no-obligation enquiry about saving plans, school fees planning, retirement planning. Save money, plan ahead and discover all the attractive options available to you as an expat.
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QROPS in Kuwait
Learn more about Qualifying Recognised Overseas Pension Schemes. Make an initial no-obligation enquiry to get expert advice on transferring your pension overseas
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Online Broker in Kuwait
Compare online brokers for forex trading, cfd trading, internet share trading and more..
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US Expat Tax in Kuwait
American expatriates have the legal obligation to file US tax returns yearly on their income wherever sourced. Get free advice and US tax returns filling quote
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Tax Advisory in Kuwait
Make an initial no-obligation enquiry on tax planning, tax return or tax issues that you may face as an expatriate.
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