Form 4 and 11

Brians says on Aug 6, 2008, 08:17:

If you want it as a Foreign direct Investment then yes. If you do not register the money and create the money trail you will have significant penalties when you want to remove the money from the country.

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calipro says on Aug 6, 2008, 09:04:

I'm going to wire the money to my colombian bank account to buy a new apartment.
I was wondering if the fact that I have a Temporal visa made any difference.
Do colombian residents have to file forms form 4 and 11?

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guacharaca says on Aug 6, 2008, 13:09:

It is in your interest to file them. They have nothing to do with residency. It is to do with avoiding an unfair tax on repatriating your original investment. Now, should your investment exceed 100k, then you would likely be good to go with the investment visa.

Colombianos: Las armas os han dado independencia, las leyes os daran libertad. (Santander)

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fecherklyn says on Aug 6, 2008, 13:48:

Calipro, do not forget forms 4 & 11 are UNIQUELY for NON-RESIDENTS. If you have resided for more than 6 months in Colombia you cannot register the incoming funds as a "Foreign Direct Investment".

Brians, you and others have referred to significant penalties if you want to remove the money (repatriate) from Colombia without having registered the original incoming funds via the forms 4 & 11 process. Unfortunately nobody seems to have any specific information on this subject and I wonder to what extent this maybe unsubstantiated hearsay. In view of its importance I have formally ask my bankers to give me an authorative answer on the matter. I will post their reply when (and if !!) I get it.

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gringoloid says on Aug 6, 2008, 15:48:

Your bank is going to give you an ´´ authoritative answer´´, ........jaja, thats a real knee slapper.

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fecherklyn says on Aug 6, 2008, 16:19:

Gringoloid,

Glad to have got you into a good mood BUT isn't that the real pity of the matter; the fact that experience shows us NOT to have any expectations of efficiency and good service from Colombian institutions?

So I will leave you to laugh and I hope you will not mind if I persist in trying to get a straight answer to a straight question.

But I know where you are coming from. When I 1st asked this question of my local bank manager she said...."No problem, you tell me how much you want to transfer (out of the country) and where and I will do it".

I then said "so it would be ok even if I wanted to transfer COP 500 million?"

She blanched a little and said "I think I can transfer up to COP 50 million without any trouble but above that I am not sure".

I have now asked her "to get sure about the matter" and quote me the precise law and articles that set out today's legislation. She advised me today the matter was being reviewed by their legal dept and agreed it had become a topical issue now there were so many foreigners entering the country.

This could be the usual "flannel" but just maybe they are stepping up to the plate?

P.S. Who do you think assasinated JFK?

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gringoloid says on Aug 6, 2008, 16:35:

fetch, please don´t take any of my comments seriously...........or as insults. i´m just kidding around here, ALL of the time.

but you want to know why i´m pissed off with banks right now?

i want to buy a car and my bank, Colmena, where i´ve had an account for 18 months will not allow me to wire in dollars for another 5 months. They told me the account will be frozen permanently if i do that.

It´s not that they´re dishonest, it´s that they just don´t know the correct answer. I bet in the next few weeks that i will find a colmena employee that will know how i can get the money into my account.

All you need is someone who is experienced with international wires and colombian paper work and you should be alright. And then verify that they did in fact file the correct paperwork after the fact. A lot of bank employees and fiduciaries as well as accountants and lawyers have no clue as to filing the correct paperwork.

{there were 6-9 shooters, spotters, cleanups, in 2 or 3 groups that shot JFK}

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fecherklyn says on Aug 6, 2008, 17:43:

Gringo,

Thats ok...I knew you were kidding but I was in that mood most of us know when I wanted to shout out "is there anyone there?". As you say , "too many just don't know the correct answer , and I will add, "So they make it up".

Colmena are SO WRONG. I bet someone "up there" would not be too happy to know some clerk in Colmena is doing his best to stop (non speculative) foreign money flows into the country.

Completely off-topic I know but I also am a JFK assasination plot enthusiast. I have recently finished "Someone would have talked"(Larry Hancock) and "The Hidden History of the Kennedy Years" (David Talbot). Worth reading...do you know them?

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gringoloid says on Aug 6, 2008, 18:00:

yes, the larry hancock book is basically one of the best. but i´m not familiar with the other one.............i´m going to look it up now. believe it or not, i´ve only read about 40 of the 750 JFK books.......the rest of my research was gathering info out of the freedom of information act.

Bugliosi s book was nothing but a rehash of the Warren Commission.

i´ve been involved with this website for many years and there is an enormous amount of information here.

http://www.jfklancerforum.com/dc/dcboard.php?az=show_topics&forum=3

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gringoloid says on Aug 6, 2008, 18:23:

really, there is only one book to read on JFK. this book is very difficult to come by as no mainstream house will sell it or distribute so that is why it is so expensive. it tells you exactly who and why.

this book will eventually be worth hundreds of dollars like the first edition was. i offered hundreds to just RENT the first edition from my friends............no takers.

you can see amazon has only 6 used copies an no new ones. in fact i´m surprised amazon will sell the used ones. when it first came out you had to get it through the underground. a friend gave me a phone number of god knows who and i bought it not knowing anything about the salesperson or company.

http://www.amazon.com/Final-Judgment-Missing-Assassination-Conspiracy/...

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calipro says on Aug 7, 2008, 02:22:

"Calipro, do not forget forms 4 & 11 are UNIQUELY for NON-RESIDENTS. If you have resided for more than 6 months in Colombia you cannot register the incoming funds as a "Foreign Direct Investment"."

Thanks fecherklyn

That was what I was wondering about....I'm a resident but I haven't spent 6 months in Colombia yet.

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Saltador says on Aug 7, 2008, 08:05:

gringoloid,
You can get the book from the publisher for 25 bucks:
http://www.americanfreepress.net/Final_Judgment.pdf

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pobrecito says on Aug 7, 2008, 09:01:

This book seems funny: "the secret nuclear alliance between Israel and Red China".

Jajaja.

De que vale la vida si cuando la tenemos parece muerta. La vida es para sentirla, para vibrar, para luchar, para combatir. Eso justifica nuestro paso por la tierra........Jaime Pardo Leal

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gringoloid says on Aug 7, 2008, 09:21:

salt........it is now available from AFP, but not when the book first came out as it was privately published.

it's painstakingly documented, but to Fox News watchers, like the comment above, it will not be taken seriously.................

but i have one question.............why is the mainstream media and publishing houses so afraid of this book?

even in that jfklancer site i mention above...........and it is one of the foremost jfk assassination sites that there is...........you can see that they refuse to discuss the book also for fear of recriminations.......and believe me, they are not fox news watchers. you can see where i've argued with them there and am the only one...........most of my comments were deleted.........too hot to handle i guess.

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