(Login Bluster2000) Forum Owner Posted Aug 14, 2007 7:06 PM
Hello Kevin,
I am not sure if I can help with this situation, but I most certainly do not mind trying.
If you have registered funds that came into the country and have been applied for the property purchase, you should have no problem wiring the principal and the proceeds out of the country. Of course, the capital gains will have to be paid and all the required paperwork (mindboggling) has to be complied with.
As far as opening a bank account is concerned, all depends on whether you have permanent visa or not. You might want to try opening and CC5 account (a lawyer can help you with that, I recommedn Jose Santiago who is a frequent poster on this board), but banks are usually more then reluctant to open this type of account for non-resident foreigners.