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Khobar, Saudi Arabia | Where should I setup a bank account in Khobar? | Expat Exchange
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Where should I setup a bank account in Khobar?

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We asked expats in Khobar what banks they use and there advice about banking. They advised...

"Expats planning to retire in Khobar, should be aware of the country's strict Islamic laws and customs, which can be very different from Western norms. They should respect the local culture and traditions, including dress codes, especially for women who are expected to wear an abaya in public. Expats should also be aware that the cost of living in Khobar can be high, particularly for housing and education. However, healthcare in Saudi Arabia is generally of a high standard and is free for all residents. It's important to note that the official language is Arabic, although English is widely spoken in business and by many locals. Expats may want to learn some basic Arabic phrases to help with daily life. Saudi Arabia has a hot desert climate, with high temperatures throughout the year, which can be a significant adjustment for those from cooler climates. Expats should also be aware that alcohol is strictly prohibited in Saudi Arabia, and penalties for breaking this law can be severe. Finally, it's important to note that Saudi Arabia has strict laws on freedom of speech and expression, and criticism of the government, religion, or individuals can lead to severe penalties. Expats should also be aware that they will need a visa to retire in Saudi Arabia, and the process can be complex and time-consuming. It's also worth noting that the country has a sponsorship system, meaning that expats need a local sponsor to live and work in the country. Lastly, expats should be aware that the country has strict laws on homosexuality and public displays of affection, which can lead to severe penalties," said a member in Khobar, Saudi Arabia.

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Where should I setup a bank account in Khobar?

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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