Planning on Moving Abroad?
Financial planning and investment advice before you move abroad helps you avoid unexpected expenses and hassle.
When moving to a new country as a US citizen, your financial situation changes. Some of the issues expats can face include unanticipated taxation, burdensome US and foreign reporting, closure of US bank or brokerage accounts, and higher fees. Planning ahead makes for a smooth transition, avoiding unwanted surprises and saving you money.
As an expat, you are still subject to global US tax, investing and reporting rules as well as the regime in your new country. This affects taxes, investing, estate planning, banking, and real-estate considerations. Choosing the best residency visa is also paramount, as different visa programs have particular parameters, limitations and benefits.
At EuroAmerican Financial Advisors, we are expats ourselves, and we know the right questions to ask and how to optimize your financial transition.
US Brokerage Account
Know Your Client and anti-money laundering rules prevent most US brokers from having overseas clients. We know which ones can still work with you, depending on the country you move to, and we can help you change if necessary.
Investment portfolio optimization and minimizing currency risk
We can ensure that your investments are compliant and tax optimized for both US and EU tax and reporting rules and positioned to achieve your financial goals. We also help ensure that your investments are protected from adverse currency exchange fluctuations that could affect your current or future income.
Residency Visas
We can help you get on the best residency visa and optimal tax regime in your new country in partnership with expat-specialist local experts.
Real-estate considerations
When you sell or rent your US house can impact your local and US taxes. Mortgages and rental strategies should also be factored into your financial plan.
Banking and currency conversion
We can advise you on the best options for banking and international money transfer in the US and the EU.
Estate planning
Estate planning as a cross-border individual is more complex. As part of your financial plan, we partner with local specialists to ensure you and your heirs are protected.
Financial planning with a cross-border specialist as part of your move helps you have a smooth and financially optimized transition as you embark on the adventure of your new life abroad.