U.S. Compliant Investment Accounts
It is essential that any investment made as a US citizen living abroad does not fall foul of reporting requirements. Most standard non US-based investments will have Passive Foreign Investment Company (PFIC) elements. When these are held in any portfolio belonging to a US-connected individual, the IRS imposes significant tax penalties. We help clients open compliant, non-PFIC general investment accounts with some of the largest U.S.-based brokerage and custodial services providers.
Benefits of a U.S. compliant General Investment Account
We understand that as an American living outside the U.S. it can be a challenging to invest. A U.S. based compliant General Investment Account gives US expats the option to invest in U.S. markets while living abroad, access U.S. dollar–based accounts, and provide reporting for U.S. tax filing. Whether you already have a GIA or are considering one, we ensure your portfolio is structured around your goals, risk profile, and cross-border needs.
Flexibility
No contribution limits or withdrawal restrictions. You can invest and access funds when you need them.
Diverse Options
From US equities to ETFs and bonds, GIAs offer broad market access in a single account.
Simple Structure
Straightforward account management with clear online reporting and a 1099 form to help IRS filing.
Adaptable
Easily adjust your portfolio as your residency, income, or objectives evolve.
Foreign U.S. compliant investment accounts
Since the implementation of FATCA legislation in July 2014, many foreign investment platforms have shut down or frozen accounts belonging to US Persons due to complex IRS reporting requirements. This can force affected investors to liquidate assets, risking financial losses and the loss of valuable tax-free allowances. An alternative is to utilize a compliant platform that accommodates US-connected individuals, ensuring uninterrupted investment management.
We understand that some clients may want a U.S. compliant investment account that isn't custodised (based) in the United States. Therefore we can open non-U.S.-based investments accounts that have U.S. Qualified Intermediary (QI) status with a dedicated US taxpayer service for full transparent tax reporting in accordance with the latest IRS requirements. These accounts can still fully invest in US domiciled assets so you can avoid investing in PFICs.