Category: Expatriate
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Are Baby Boomers Forgetting Something Essential When Planning Retirement?
Many Don’t Realize It Until They Stop Working Most people have some kind of lifestyle vision for retirement. Unfortunately, without proper planning their dreams won’t always become a reality as they enter the encore time of their lives, says Michael Bivona, a certified public accountant who retired almost 20 years ago. “I had a simple…
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American’s Living Abroad and FATCA
An American’s Living Abroad, or an Expat as they’re commonly known, now faces radical changes in how they file annual income tax reports because of the new FATCA (foreign account tax compliance) regulations. Amongst the more common questions and concerns relates to owning offshore mutual funds (held but not sold). This brings us to the…
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Expat Stage Left as Americans give up citizenship
As the Fourth of July weekend looms and Americans prep their grills and ready their fireworks, some citizens are packing their bags. A recent online poll of more than 2,000 adults by TransferWise, a peer-to-peer money transfer service based in the United Kingdom, revealed that 35 percent of American-born residents and emigrants would consider leaving…
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Relinquishing Permanent Residency or U.S. Citizenship
The expatriation rules apply to U.S. citizens or long term residents that have a Green Card in eight of the last fifteen years preceding the application for expatriation. The expatriation rules are applicable if the taxpayer meets one of two test. A “covered expatriate” is a taxpayer that meets the Net Worth Test of IRC…
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EB What? Considering Other Alternatives to the EB-5 Visa
The EB-5 Visa program The EB-5 Visa program has been widely promoted as a legal basis for foreign business owners to gain conditional residency followed by permanent residency in the United States. The program is a great solution to the proposition “Ï want to live in America.” Unlike other countries, the decision to become a…
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Export a UK Pension
HMRC cannot restrict transfer of UK pension funds HMRC rules specifically states that you do not need to leave the U.K. to transfer your pension funds. Which means the HMRC cannot restrict transfer of pension funds. A transfer payment may be made either to the scheme administrator including persons responsible for administration of the QROPS,…
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Expats and Retirement Overseas
Surveys have shown that more and more multinationals want to exercise control over their worldwide benefits programs at the Home Office level. The principal objectives are to manage costs and ensure compliance and competitiveness of their local benefits plans in each country. For most companies, this is easier said than done. For multinational companies, growing…
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Seeking PRC Strategic Alliance
From Hong Kong with Love to the PRC We seek business partners with connections within the PRC to provide asset protection (tax deferred) solutions explained in our 226 page book and soon to be an MBA course at a major PRC University! Last year there were over 8,600 www.eb5immigration.com from the Peoples Republic of China to…