CAIXA Bank in Brazil - A Rant

Bob in Spain · Tennis legend

RE: CAIXA Bank in Brazil - A Rant

Helen40 · Grand Slam Champion

Bob in Spain wrote:
Helen40 wrote:
Oh, Bob, I read through your thread, and felt your pain.

I spent about six months working with the Brazilians (six weeks in Brazil) this year, and I have to say I can relate to the story. Mine is not so dramatic, but I can relate to them being inept and two faced, and then trying to shift the blame onto you! It's a shame as a few people were kind to me in my social life there, unfortunately this didn't seem too stretch to the office where they were generally a bunch of two faced blame merchants.

I wish you all the best with the rest of your endeavours out there. I find that these are the things that still separate 1st from 3rd world. Both all have big cars and houses, but we deal with each other with a higher and level of competency, honesty and integrity.
Perhaps the saddest part of this whole affair, is that while people back in the UK and Spain have been saying things like "that's terrible" or "that's disgusting", people in Brazil (or like yourself, people who have worked there), just say, "that's normal".

This is indeed very sad, and common in the 1st/3rd world divide (don't get me started on my banking issues in Asia!).

I hope that they will catch up soon, but I suspect that with their current attitudes and pride, that it won't be less than 50 years.

Bob in Spain · Tennis legend

As many of you know, I spend a lot of time working here in Brazil. If you read through this thread, you will see some of the problems we have had with the banks here, and it just got even more stupid.

I am in the process of applying for a work visa. The easiest form is called an "investor visa". The requirements are simple.

1) Be a shareholder in a Brazilian Company
2) Invest a minimum stipulated sum into that company as Share Capital
3) Funds must come from your personal account directly into the company account.

Simple, or so it seems.

The problem now, is that under new rules, what was previously the internal policy of certain banks, has now become the rule for all banks. The rule is that a company cannot open a bank account UNLESS ALL SHAREHOLDERS ALREADY HAVE A VISA.

It is the typical chicken and egg, catch 22 situation. You can't get a visa unless you have a bank account and you can't get a bank account unless you have a visa.

This is not a complete disaster for me as my funds arrived a while ago and we already have a bank account. The wheels of beaurocracy are turning albeit very slowly, but at least they are turning.

But here is our problem now. Today, we have tried to open a bank account for the company today with CAIXA in the branch of the town where we are now building. CAIXA will not allow us to open an account there because myself and two other partners don't yet have our visas. This is despite the fact that our company has already had an account with CAIXA bank for over 3 years in another branch. So now we can't even open a bank account, in a bank where we already have a bank account. Work that one out.

I love it here

-- Edited by Bob in Spain on Wednesday 21st of September 2016 10:59:29 PM