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A comment on Second Citizenships, Residencies, and/or Temporary Relocation. Parent comment

Re:Second Citizenships, Residencies, and/or Temporary Reloca... by cambalache on Sunday February 21, 2021 @12:35AM (#26211092)
> Being a us dual citizen has the disadvantage of continuing to owe income tax to the USA

I think it is for any income above 100k/year (the amount could have changed), if you are in that bracket is a nice problem to have

> Also many international banks cringe at opening accounts with “us persons”

I live in a country with many American expats, none of them have had any problem whatsoever to access to banking services, including opening accounts

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Re:Second Citizenships, Residencies, and/or Temporary Reloca... by culturestate on Sunday February 21, 2021 @12:52AM (#26211172)
> I live in a country with many American expats, none of them have had any problem whatsoever to access to banking services, including opening accounts

It depends on the bank. Any bank doing business internationally is usually fine because they probably already have a robust compliance mechanism in place, but a lot of local banks will just straight-up say no because they don't want to be subjected to FBAR / FATCA.

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Re:Second Citizenships, Residencies, and/or Temporary Reloca... by davchana on Sunday February 21, 2021 @01:05AM (#26211219)
True, in middle east, local banks were not happy to hear that I had SSN & US residency.
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Re:Second Citizenships, Residencies, and/or Temporary Reloca... by refurb on Sunday February 21, 2021 @12:38AM (#26211110)
That tends to be the deciding factor. If you live somewhere with many US expats, the banks are usually willing to jump through hoops to get you as a customer.

If you’re a one-off for them they may just say “no”.

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Re:Second Citizenships, Residencies, and/or Temporary Reloca... by Brajeshwar on Sunday February 21, 2021 @01:34AM (#26211352)
Recently, I read an article -- Why 'Accidental Americans' Are Desperate to Give Up Their U.S. Citizenship -- https://time.com/5922972/accidental-americans-fatca/
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