Americans in Singapore - how to invest - Singapore forum

Americans in Singapore - how to invest

5POSTS

13 years ago

Does anyone know how someone with a US Citizenship can invest in Singapore/Asia? I met with a lot of financial advisors who are not willing to take on American clients because they are afraid to get audited by the US govt.

Any advice from people who experienced this as well? Please PM me.

Thx!
Felicia

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beppi Germany/Singapore Expert

15644POSTS

13 years ago

If you are resident in Singapore, you can just open a brokerage account with any local bank and start investing.

Codyfam88 Active member

38POSTS

12 years ago

First, you should open a bank account in Singapore. Either local or foreign bank is fine.聽 Then use that to fund your investments, presumably equities, in Singapore.

Andrewoca Guest

0POSTS

10 years ago

Moderated by Christine 10 years ago
Reason : promoting your services on the forum is not allowed.
We invite you to read the forum code of conduct

mitsmaak Active member

97POSTS

10 years ago

Yes the USA tax vultures have decided to hold the entire planet responsible for their tax collection efforts. You will now find it impossible to open almost any type of account w/ USA credentials in any country that values client privacy. The agreement that was savaged upon any countries that need USA relations or protections(pretty much everyone), is called FATCA. I would assert that the acronym was intentionally set one "T" short! Although the implication for USA IRS officials and everyone else is in opposition.
It is necessary to consult an investment advisor and maybe an attorney(In both the USA & SG) not random responses from an online forum. Depending on the type of investment; you could find yourself in serious jeopardy from the USA government if you fail to account for all that you might be susceptible to. There are USA based businesses that operate in SG and if you are talking about going into business there maybe someone willing to give you some friendly advice or recommend some services that could help you鈥ust an idea.

Canman53 New member

9POSTS

10 years ago

FATCA forces foreign businesses to report any earnings by an American citizen back to the IRS. Not suprisingly America does not reciprocate, it is a one way deal.

mitsmaak Active member

97POSTS

10 years ago

Sadly I am not surprised but was unaware of that.I was only aware of the banking issue. Funny under George W. Bush the liberals use international anti-US sentiment to shape political and even socio-political discourse. Now it seems the liberals are financially bullying the world with impunity. They are blood suckers that live to fund heaps of useless federal programs.
My former girlfriend was stationed at a military supply base in USA but she was RCAF(Canadian). She was filing legitimate tax returns w/ Canada and US tax returns showing no income in USA as she was a "resident".聽 The USA income form allowed her to claim an earned income credit!! She got money for free because she had a dependent child!!