Expat Advice: Financial Issues in Luanda, Angola

What is the name of the city or town that you are reporting on?

Luanda

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

My salary had to be paid in Angola,because I had local contract. My working place choose the bank and it should be the best. They offer everything what you get in europe. So it should work with out any problem...but after 2 years here I still dont have my internebank.

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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
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What advice would you offer others about banking as an expat in your country? What do you wish you had known about banking when you first arrived?

Do everything you need to do to receive salary at your home country. It will be a big relief.

What sort of challenges or frustrations have you encountered as an investor living overseas? Please describe.

You can not invest in Angola if you are not Angolan.For.ex.to buy a house.

What advice was particularly helpful to you in managing your finances? What advice would you give? Any other thoughts?

If you heve to have salary account in Angola,then mine advize is to take $5000 with you every time you travel back home. Or transfer every month the same amount to your bancaccount in your home country. Because that is ammount they will not ask you for declaration,explanation,receipts ....

Do you do your own taxes, use a local firm, an expat-oriented firm or does your employer handle this for you (i.e. via an corporate tax firm)?

My company do my taxis localy and I do my own in home country.

What advice could you offer others about doing your taxes as an expat?

The best solution is your company ti fix this.