TheGent
Hi there,Does anyone know about expat investing on here? I'm from the U.K. and considering moving to Bali this Summer (when I can escape). I will have a portfolio worth approx 400,000 and I'm wanting to know which broker platform / offshore account (?) is best to use to mitigate against charges, taxes and currency conversion fees. I would look to take 10,000 in cash to initially tide me over. Is it best to use Transferwise to access this money from my U.K. bank account, or best to open one as well in Bali? What interest rate could I get? I'm not sure how it all works and don't know where to start, so any help would be much appreciated. Thanks in advance.
gtrken
** Sits back with popcorn..**But a quick recommendation is to use the search function and spend a lot of time rereading old posts.
spicyayam
Transferwise works well sending money to an account here. Usually you get the money in the same day. Personally I would keep most of your savings in your home country.While the law is you need to be a permanent resident in Indonesia to open a bank account, it seems like some banks don't have a problem with your visa status. A local bank account is useful for paying bills and so forth, you could live without one though.Unfortunately there are many dodgy brokers and financial advisors who prey on expats living in Asia, so be careful with that.
TheGent
Reading about the visa situation is confusing. Being not of retirement age - 47 - am I right in thinking the social visa would be best for me, if I'm looking to stay indefinitely?
