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Can someone tell me what is the best way to pay for a property in Egypt if the money is in a bank account in the UK ?
(there is a limit of L.E.5,000 and $10,000 or equivalent, on the amount of cash allowed to be carried in or out of Egypt.)
Do I need to initially go out to Egypt (Sharm El Sheik), open a bank account in person, then return to UK and ask my UK bank to transfer the funds to the bank account number?
Or is it possible to go out to Sharm, set up the bank account and then simply phone my UK bank to tranfer the funds without having to come back to UK ?
Or is there another way ??
Thanks
(there is a limit of L.E.5,000 and $10,000 or equivalent, on the amount of cash allowed to be carried in or out of Egypt.)
Do I need to initially go out to Egypt (Sharm El Sheik), open a bank account in person, then return to UK and ask my UK bank to transfer the funds to the bank account number?
Or is it possible to go out to Sharm, set up the bank account and then simply phone my UK bank to tranfer the funds without having to come back to UK ?
Or is there another way ??
Thanks