NoPistons -Mazda Rx7 & Rx8 Rotary Forum

NoPistons -Mazda Rx7 & Rx8 Rotary Forum (https://www.nopistons.com/)
-   Insert BS here (https://www.nopistons.com/insert-bs-here-12/)
-   -   offshore banking (https://www.nopistons.com/insert-bs-here-12/offshore-banking-58545/)

phinsup 04-11-2006 05:11 PM

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.

l8t apex 04-11-2006 08:03 PM

you fly down with cash. If you sending it then its reportable.

phinsup 04-11-2006 08:06 PM


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

Rob x-7 04-11-2006 09:05 PM

give it to me, Ill hold on to it since you dont need it

phinsup 04-11-2006 09:09 PM


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....

Rob x-7 04-11-2006 09:10 PM

Im not quite following, you want to send them all your money and the local bank does not want to do that?

phinsup 04-11-2006 09:16 PM


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.

Rob x-7 04-11-2006 09:17 PM

it seems that they are doing it for your own good doesnt it?

phinsup 04-11-2006 09:21 PM


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.

Rob x-7 04-11-2006 09:31 PM

you cant just go there with $60000 in cashiers checks or something like that?

or mail a check a month to the other bank?


All times are GMT -5. The time now is 03:22 PM.


© 2024 MH Sub I, LLC dba Internet Brands