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How do you invest as an expat if you do not know where you will eventually settle?
April 30, 2022
While it is true that investing as a U.S. expat is quite challenging with all the FATCA and PFIC regulations, there is light at the end of the tunnel. Your first option should be to deal with a U.S. based brokerage custodians (i.e., Interactive Brokers) that deal with U.S. expats. This helps you avoid compliance issues on the U.S. side. However, you should also check tax laws in your current country of residence as some countries may charge you capital gains on the growth of your investments outside their jurisdiction. If you are saving for retirement, you may still participate in IRAs depending on your income and tax situation. Then again, other countries don’t recognize the tax benefits of a U.S. based retirement account like IRAs, so check with your local CPA and cross-border professionals first.
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