Moving from U.A.E. to U.S.A. I am advised to close my U.A.E. bank account before setting one up in the U.S. What is the best way to transfer my funds in this instance?

Hi all,

I have been transferred for work to the U.S. as a U.K. Citizen, however I have never had a U.K. Bank account.

I currently have about $150k in a U.A.E. savings account (in local currency) and will need to close the account before moving to the U.S. and before I have the opportunity to open a checking/savings account in the U.S.

I can transfer the money to my father's account U.A.E. bank account before I move, and have him bank transfer my savings to my U.S. Bank account once I have set one up.

Does anyone know of the legality/tax repercussions for handling the account this way?

Are there any other options that can be considered?

Thanks

Submitted May 01, 2017 at 09:27AM by InternetDegenerate http://ift.tt/2qoVPjA