Expat Finance
Expat banking, offshore banking, expat taxes and finance are all daunting issues for new expats. Our new Expat Finance guide is broken down into three sections: banking, tax & finance. Plus, our new Ask the Expert tool enables you to submit your finance questions.
Banking offshore and Expat banking are critical expat services. Moving overseas is not the same experience for every expatriate, and the articles below will help you evaluate what you need to successfully bank abroad.
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Expat Banking -- A Guide to Financial Services for Expats
By Lisa R. Mitchell
If possible, setup your financial services before you move overseas. Most international banks has a specialized expat banking service designed to meet the unique needs of expats. Mitchell's article includes answers to key questions about foreign exchange rates, ATM usage, opening an expat bank account and obtaining credit abroad.
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Expat tax is one of the most important aspects of managing one's finances after a move abroad. Do not neglect offshore tax issues or wait until the last minute to explore the financial implications of international living. The articles below will help you start your research into expat taxes.
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US Expat Tax -- 13 Common Expat Tax Traps
By Nick Hodges, CPA/PFS, MBA, CFP
While the expat experience can be an exciting an exhilarating adventure, there is no greater frustration and disappointment than having the IRS ruin your experience by auditing your tax return while away, calculating additional taxes due, penalizing and charging you interest during the process, and even perhaps suggesting jail time for your mistakes.
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Tax Havens -- G20 Summit
By Soho Properties
It seems likely that, with the tax havens capitulating into opening up their books, criminal elements will move their money out, and quickly. But where will they hole it up next: offshore real estate?
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Overseas Tax -- Nonresident Taxability
By Marc J. Strohl, CPA
Where on the expat tax return income is taxed and how it is taxed depends upon whether the income is effectively connected with a US trade or business. Strohl provides a helpful chart of income types and how to determine if they are taxed.
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Expat finance requires proper research while living overseas. Expats are often exposed to offshore investment opportunities not available at home. The articles in this section provides basic overseas finance information to consider while living abroad.
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Expat Finances -- Investment Advisors
By David Kuenzi
Choosing an investment advisor can be tricky for expats. Advisors abroad don't understand US taxation issues and advisors in the US don't understand the special issues of Americans abroad.
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If you're living overseas, please take a few minutes to answer a few questions in our Expat Finance Report. Your advice will help newcomers understand the challenges of managing their finances and doing their expat tax return.
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View all Expat Finance Reports
Recent Submissions:
> Taxes, Finances & Banking in Luanda, Angola
> Taxes, Finances & Banking in Kabul, Afghanistan
> Taxes, Finances & Banking in Moscow, Russia
> Taxes, Finances & Banking in South Africa General, South Africa
> Taxes, Finances & Banking in La Cruz de Huanacaxtle / Puerto Vallarta, Mexico
> Taxes, Finances & Banking in Tarnazsadany, Heves, Hungary
> Taxes, Finances & Banking in Dubai, UAE
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Ask the Expert
Have questions about expat finance, offshore banking, expat banking or taxes? Our partner HSBC Premier will be answering questions this month. Submit your question/s below. Select Q&A will appear online and in our newsletter.
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