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Originally Posted by OneHungLo
Thanks. What are the stipulations? Do you have to be a resident of the country? How safe is your money in these banks?
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Here in Bali you miust know someone local that calls the bank manager and than fill in papers. You must have the local banks that lent the money to local people, not the big international banks. Till now i haven't heard bad stories, while it is working for many years. But better google.
In Cambodia there is te Canadian bank (has nothing to do with Canada) and some other banks. Better google to find the latest news, i think on thaivisa.com there are some topics. There are special banks in cambodia that lent money to poor or have a 'good cause' that pay higher interest than normal banks. Less ecurity, but till now those banks never went bancrupt.
But also Brazil has high interest rates, once you have enough on your bank the manager will inform you a friend of mine said.
That is how the rich stay rich in those countries and poor people poor. Brazil also has a rule that dividends from outside (even from a tax heaven) pays 0% tax.. But they want to change that. Strange that the real socialist in charge never did anything about that... oh wait, they where rich also.