How to send money to UAE from Spain with the best EUR-AED rate

A comparison of providers offering services between Spain and the United Arab Emirates is the easiest way to ensure the best deal.

We've compared 15 providers that offer services for sending Euro to the United Arab Emirates.

This ensures you will get the best options for your transfer to the United Arab Emirates from Spain.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Spain to the United Arab Emirates.

An exchange rate determines the price you will pay when buying UAE Dirham. A better exchange rate means more money reaching the recipient in United Arab Emirates.

The current rate between the Euro and UAE Dirham is 4.1795.

With the EUR-AED exchange rate changing almost constantly, it pays to know the averages to get a better deal.

Waiting a day or two can help you get more AED for the same amount of Euros.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between Spain and the United Arab Emirates.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from Spain to the United Arab Emirates.

Key Currency is the company offering the best rates on bank transfer.

Using Key Currency for a bank transfer to the United Arab Emirates from Spain is 0.01% cheaper than the second-best option in the market.

Spain and United Arab Emirates have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Spain and United Arab Emirates.

Companies offering money transfers between Spain and the United Arab Emirates have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare EUR-AED rates for your specific transfer amount.

For regular transfers from Spain to the United Arab Emirates, shopping around each time can make a huge difference.

We’ve recommended Wise for sending EUR to United Arab Emirates, because of their combination of rates and fees when sending from Spain to the United Arab Emirates that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering the United Arab Emirates from Spain.

There are different ways to receive UAE Dirham in the United Arab Emirates. The most popular options are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

All providers work differently and not all offering transfers from Spain to the United Arab Emirates support every method for receiving UAE Dirham so it’s best to check ahead of time.

Sending directly to a bank account in the United Arab Emirates is one of the most common ways to receive money from Spain. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between Spain and the United Arab Emirates.

Cash pickup is popular in the United Arab Emirates, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Wise, and are recommended for domestic payments only.

When sending UAE Dirham to the United Arab Emirates, you will need to verify your ID with your chosen money transfer company.

The documents you need will vary and in some cases you might need more than one.

For the most part, accepted IDs in Spain include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in the United Arab Emirates, the options are similar.

Large transactions between Spain and United Arab Emirates can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

One of the reasons Wise has scored so highly for transfers to the United Arab Emirates is their easy sign up process in Spain.

When sending money between Spain and the United Arab Emirates there will be tax declarations to consider.

Some transfers into UAE Dirham may need to be reported to tax authorities in the United Arab Emirates and Spain, depending on size and particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in the United Arab Emirates based on age, income and a few other elements - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in Spain or the United Arab Emirates to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.