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K-VISA fixed term deposits
Posted: Thu Feb 16, 2017 2:58 pm
by dalin
Hey guys,
I was wondering if anyone has lived outside the country and deposited fixed term deposits stashed in one of the Cambodian Banks. Does having a K-Visa help in opening an account? Any suggestions on what banks can do this without hidden fees or agendas without me having to reside there?
Re: K-VISA fixed term deposits
Posted: Thu Feb 16, 2017 3:06 pm
by PSD-Kiwi
Banks usually require a physical address in Cambodia (lease, ownership docs) or local phone number to open an account, easily done, but you need to physically go into a branch to open an account.
Yes, you can open an account with a K-type visa.
Re: K-VISA fixed term deposits
Posted: Thu Feb 16, 2017 3:45 pm
by SinnSisamouth
u will pay 12% withholding tax
Re: K-VISA fixed term deposits
Posted: Thu Feb 16, 2017 3:47 pm
by Jamie_Lambo
yeah what PSD said
Re: K-VISA fixed term deposits
Posted: Thu Feb 16, 2017 4:54 pm
by PSD-Kiwi
SinnSisamouth wrote: ↑Thu Feb 16, 2017 3:45 pm
u will pay 12% withholding tax
I thought non-residents paid 14% tax on interest earned?
Re: K-VISA fixed term deposits
Posted: Thu Feb 16, 2017 4:58 pm
by SinnSisamouth
PSD-Kiwi wrote: ↑Thu Feb 16, 2017 4:54 pm
SinnSisamouth wrote: ↑Thu Feb 16, 2017 3:45 pm
u will pay 12% withholding tax
I thought non-residents paid 14% tax on interest earned?
ok
Re: K-VISA fixed term deposits
Posted: Thu Feb 16, 2017 9:10 pm
by bolueeleh
come deposit with my MFI, no tax, no need K visa
