If you are an American expat in Europe, you will know how difficult it is to manage your finances and stay on track with your goals.
We know what it is like and we specialise in helping Americans all over Europe to be able to manage their assets and investments to help them to achieve their goals.
To help Americans in Europe, Black Swan Capital has released its latest essential guide: The Essential Guide for Americans & their Families in Europe. You can get your copy here.
We divide this guide into four sections:
1. Understand The Difficulties
Knowing why it is so hard for Americans is the first step in understanding what you can and cannot do. We explain everything from what FATCA is- what is stands for- to how it works and impacts your ability to manage your money.
2. Understand What You Should Do
We present a practical list of actions you need to consider to ensure you are up to date, compliant and appropriately structured. We also outline how you can tell if you might fall under the broad US FATCA net or not, and what that might mean for you.
3. Understand Our Solutions
We present the range of strategies, options, and solutions for Americans in Europe. The action you take must be specific to your goals and situation. We present our core underlying philosophy including: compliance, flexibility, liquidity, volatility, cost and returns.
The good news is there are several US-compliant investment solutions that you can access in Europe, but you need to make sure they are right for you. You don’t have to leave your money in cash and watch it go backwards, being eaten up by bank fees, earning zero interest and withering due to inflation. You also don’t have to lock your hard-earned investments away in a convoluted pension or long-term contract.
We are very aware that life for an international can change suddenly and you may need to change that investment or move it to another jurisdiction. We always make sure you have that flexibility should you need it.
4. Understand Your Investments
In this section we explain in plain language how to look out for investments that are compliant from a US tax office perspective so you know the difference between a PFIC and a QEF.
As an American living in Europe, if you have an existing investment, it is important to check that the investment is compliant and won’t incur punitive tax rates or worse, penalty charges. Contact us and we can arrange a time for a meeting or a video call. We can conduct a review of your situation and ensure your investments will help you get to your goals, whilst being compliant with all the US FATCA regulations. Getting it wrong can be expensive so this can be a worthwhile exercise.
Most importantly, we present how to get started. Having the confidence to get started, knowing you are doing it right, is the most important step in hitting your goals.
It is difficult to invest as a US person living in Europe, but you don’t have to waste this time and miss out on growth in your portfolio. Investing in a compliant way whilst living in Europe can help you to get closer to your goals. Download our Essential Guide here and speak with the team at Black Swan Capital, we can help navigate the complexities for you.