Anyone know anything about it?
I am having a lot of issues getting a letter signed for the costa rican gov't, i was going to put the cash in y costa rican account, but it works out that they dish it out to me on a monthly basis and don't want to withdrawel the money at all. Anyone used something like a cayman islands bank? Swiss bank? it's nothing illegal it's just that US banks don't want to sign ANYTHING, they flat told me at b of a that they will only give a letter saying that I have an account at their bank NOTHING ELSE. |
you fly down with cash. If you sending it then its reportable.
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Originally Posted by l8t apex' post='813342' date='Apr 11 2006, 09:03 PM
you fly down with cash. If you sending it then its reportable. I am not worried about reportability, the deal is I have to have 60,000 in an an account which will be dished out and 1,000 a month. US based banks will not do this, they will not sign anything to that effect or really any effect. The costa rican banks are insured, so that doesn't bother me, I just dont need the money, so every month I get 1,000 and every month have to re-deposit it LOL |
give it to me, Ill hold on to it since you dont need it
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Originally Posted by Rob x-7' post='813351' date='Apr 11 2006, 10:05 PM
give it to me, Ill hold on to it since you dont need it yer not a banking institution and that's not exactly wut i said.... |
Im not quite following, you want to send them all your money and the local bank does not want to do that?
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Originally Posted by Rob x-7' post='813355' date='Apr 11 2006, 10:10 PM
Im not quite following, you want to send them all your money and the local bank does not want to do that? thats as slow as i can type. |
it seems that they are doing it for your own good doesnt it?
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Originally Posted by Rob x-7' post='813357' date='Apr 11 2006, 10:17 PM
it seems that they are doing it for your own good doesnt it? Uhh, well here is the deal, to establish residency I need to have the money to live there... as far as gov't is concerned. This is done my either having a US bank agree to dish out 1,000 per month over 5 years (60,000) or having a costa rica bank dish out the 60k at 1k per month over the next 5 years........ i however do not want to use the 60k as living money, I want to use other sources of income for my expense, in 5 years throw the 60k into other investments. At this rate i will get the 1,000 then have to re-deposit it back into another bank, that equals poo. |
you cant just go there with $60000 in cashiers checks or something like that?
or mail a check a month to the other bank? |
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