Expat Financial and Banking Advice for France
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Cannes
Lyon
Normandy
Paris and provinces
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Expat Advice: Financial Issues in
Lyon
What is the name of the city or town that you are reporting on?
Lyon
Did you switch to a new expat-focused bank when you moved abroad? What types of special services do they offer?
To be quite honest I never even opened up a French Bank Account until I was forced to when we purchased our house. This is because I'm still paid in US dollars into my bank account in the U.S. I used my ATM card for everything. In fact I still do but my French bank (Credit Agricole) has a international mobility section. My experience has been great with them.
Services
* English speaking loan officers
* Knowledge of property purchases in the U.S. and the differences.
What advice would you offer others about banking abroad?
None of the French banks that I've worked with in my business are worth anything. No service level at all. Bureaucratic, no interest bearing accounts, ect...
What sort of challenges or frustrations have you encountered as an investor?
French property law
Do you do your own taxes, use a local firm, an expat-oriented firm or does your employer handle this for you (i.e. via an corporate tax firm)?
My taxes are done by our legal firm.
What advice could you offer others about doing your taxes as an expat?
Make sure your employer will adopt an equalization policy in your package.
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