How to send money home and make it work

Every month, hundreds of thousands of Tajikistani workers abroad send money back home. Typically, it looks like this: a line at the transfer point, a 2-5% fee, and waiting. The money just leaves—and doesn't bring anything additional.

Today, there's a tool that changes this logic.

What has changed

A licensed Tajik broker has launched a product for compatriots abroad—a investment account with transfer function.

The essence is simple: while you are deciding when to send money to your family, it's not sitting idly by. It can be in an investment account working in real assets—stocks and ETFs on American exchanges. And when needed, you press a button, and the family receives funds in Tajikistan.

How it works

Step 1. You top up the investment account conveniently—via SPFS from any Russian bank, by card or transfer.

Step 2. The money can work in securities: stocks of large companies, ETFs on indices, bonds. You choose what to invest in.

Step 3. At any moment you press 'Send Home'—and the family receives funds in Tajikistan through a licensed payment partner.

The transfer is carried out through a separate payment infrastructure, not directly through a brokerage account. This ensures speed and compliance with regulatory requirements.

Difference from a regular transfer

With a regular transfer, money simply moves from point A to point B. You lose time and pay a fee, but gain no additional value.

With an investment account, the money can work while you plan the transfer. For example:

• You receive your salary on the 1st, but plan to send it home on the 15th.
• For two weeks, the money sits in an investment account.
• You can place it in short-term instruments.
• On the 15th, you lock in the result and send the final amount home.

Important to understand

An investment account is not a bank deposit. There are no fixed interest rates on the balance. Returns are formed due to changes in the market value of securities and currency revaluation.

The value of assets can rise and fall. Past results do not guarantee the future. Therefore, it is important:

• Not to invest in stocks money needed by the family in a few days.
• To use conservative instruments (ETFs on government bonds, money market funds) for short-term placement.
• To leave part of the amount in cash (uninvested) for urgent transfers.

Who can benefit

The product is designed for citizens of the Republic of Tajikistan temporarily staying abroad—in Russia, Kazakhstan, Turkey, UAE, and other countries.

Upon registration, there is a standard identity check: RT passport, citizenship confirmation. This is a requirement of the licensed broker and part of AML procedures.

Important: the product is not intended for tax residents of other countries (for example, residents of the Russian Federation with a Russian TIN). This is due to currency control and sanctions compliance.

Topping up via SPFS

For those in Russia, topping up through the System for Quick Payments (SPFS) from any Russian bank is available: Sber, Tinkoff, Alfa, VTB, and others.

It's convenient:

• No need to go to the transfer point.
• The fee is usually lower than traditional systems.
• Topping up happens in seconds.

Example of use

Imagine a situation:

1. A migrant receives a salary of 50,000 rubles.
2. Plans to send 30,000 rubles home in 2 weeks.
3. Tops up the investment account by 30,000 ₽ via SPFS.
4. Places funds in a conservative ETF.
5. After 2 weeks, locks in the result (considering the market value).
6. Presses 'Send Home'—the family receives somoni in Tajikistan.

Unlike a simple transfer, the money could work during those two weeks.

Risks and how to mitigate them

Market risk. The price of securities may fall. Mitigation: use conservative instruments (bonds, ETFs on government bonds) for short-term placement.

Currency risk. The ruble/dollar/somoni rate changes. Mitigation: consider volatility when choosing a horizon.

Liquidity. Selling securities takes 1-2 trading days. Mitigation: do not invest money needed by the family 'tomorrow'.

Taxes

Investment income may be subject to taxation in the country of your tax residency. For RT citizens temporarily in the RF, tax issues are governed by RT legislation and international agreements.

It is recommended to consult with a tax specialist before starting work.

What to do next

If you work abroad and regularly send money to your family:

1. Download the broker's app or log in via the website.
2. Complete registration (RT passport required).
3. Top up the account conveniently.
4. Decide on a strategy: conservative (ETFs on bonds) or more active (stocks).
5. When needed—send money home with one button.

---

💡 If you want to start investing—opening an account with a licensed broker can be done in a few minutes. Top up from 100 somoni, no office visit required.

Advertisement. JSC "Exchange Broker", Ministry of Finance RT licenses No. 007/25, No. 008/25, No. 009/25, No. 010/25 from 25.06.2025. Financial instruments are associated with risk. Returns depend on the market value of assets. Not an individual investment recommendation. Material is for informational purposes only.