FATCHA in Guatemala?

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Member since 22 May 2012

AntiguanianMember22 May 2012 05:25:16

Please tell me if my SA bank account here in Guatemala will be exposed to the US Powerz that be. I heard that FATCHA will be requiring Guatemala to send info on all bank accounts to the US.
I also heard that the SA will no longer be anonymous in a year. Is that true? How will they know, as it is a bearer corporation.

Thanks for any info,

BJ

Harmonie ViP

Member since 13 June 2011

HarmonieViP22 May 2012 09:05:22

19273

Hello Antiguanian and welcome to Expat.com!

Hope that you'll soon be enlightened.

Harmonie.

Traveler57 Active member

Member since 08 May 2012

Traveler57Active member24 May 2012 23:10:31

I have been under the impression that this has been the case for at least 2 years now, of course nothing official. You must assume that everything is being reported.

2drdon Member

Member since 24 April 2011

2drdonMember24 May 2012 23:41:04

If U you have the corporate set up you can stay away from the IRS reporting at this time. The govt. has yet to sign an agreement with th U can set up a trust agreement to go around any changes.... U need the correct structure an atty....e U.S. an has been placed on the gray list... It is probably a matter of time b 4 changes occur..

Good luck, I hope u r able to escape the fascists states of the USSA

Traveler57 Active member

Member since 08 May 2012

Traveler57Active member25 May 2012 15:43:00

Agreed, opening a Guatemalan bank account with a US passport might leave yourself wide open to privacy issues.

2drdon Member

Member since 24 April 2011

2drdonMember25 May 2012 15:50:43

Find an atty. to open biz account. U will need to set up a corporation. Easy as 1 2 3

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