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Ask HN: Good countries for American expats

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Re: Ask HN: Good countries for American expats

#71
post #46

German expat in the UK reporting in. > What has your experience been? Mixed. Do your research first. It was difficult to get a bank account and rent a flat without references or fixed address (I stayed in a hostel the first few weeks). I once got evicted from a flat (with 10 days notice) because of a legal loophole. The landlord was insolvent, bank repossessed, my tenancy agreement was declared void because landlord…

I can imagine the huge difference in rental culture from Germany to UK. I'm an American living in the UK (but actually have been most of my life) and for a while I was a double Expat by living in Hamburg for a year on ERASMUS exchange ;)

As you say, tennants in the UK have so few rights, unlike what you are afforded in Germany where it's almost as good as owning the place you live in.

Being an american expat to anywhere is getting increasingly difficult as the US GOV puts more and more requirements of other countries hosting US Citizens. For instance a requirement that all foreign banks with US account holders report to the IRS any American held bank account activity. many european banks are responding to this by not doing business with US nationals... And yes, getting UK bank accounts as an Fresh-Off-the-Boat expat seems like one massive chicken and egg situation involving residential addresses and job details. you generally need two of one to get the other. Job and bank account to get a flat, address and job to get bank account, bank account, address and work permit to get a job.

Re: Ask HN: Good countries for American expats

#72
Living in Puerto Rico is a good way to see if you'll like living outside of the USA. It feels like a different country, but uses US Dollar and no passport needed. Puerto Rico will give you a taste of what it's like living without a lot of the conveniences you get in the states.

Re: Ask HN: Good countries for American expats

#73

Part of this is your definition of "expat". For me "expat" = person who gets sent by company and set up by that company in a foreign country. Most of those types get a sweet deal. The company pays their rent and usually tries to give them something close to what they'd have in their native country which could easily cost way more than they could afford on their own. Plus, since the company is paying it means an insta…

Wikipedia: "An expatriate (sometimes shortened to expat) is a person temporarily or permanently residing in a country other than that of the person's upbringing."

Wiktionary: 1. One who lives outside one’s own country. 2. One who has been banished from one’s own country.

In other words, your personal definition is more restrictive than the dictionary, and continuing to use it might result in some confusion.

Re: Ask HN: Good countries for American expats

#74

Watch out for the whole double taxation issue. You will need to pay taxes to the US (there's a certain income threshold if I remember correctly, but you'd likely surpass it). If you wind up taking permanent residency, you may need to renounce your US citizenship to stop having to owe taxes Stateside. ( http://www.irs.gov/Individuals/International-Taxpayers/U.S.-... ) -- "Your worldwide income is subject to U.S. incom…

Even if you renounce your US citizenship you're still considered a US person for a few years, and still required to file. The most important thing to remember to do is file every year. The US is the only country in the World which requires it's non-resident citizens to file tax returns every year. Also, don't forget to do your FBAR, or face huge penalties like $10,000 fines. I'm an American who has lived in The Nethe…

The day you renounce your US citizenship, you are no longer a US person (unless the State Department has a valid reason to deny your renunciation).

It may take several months, or more than a year, for the State Department to issue you your Certificate of Loss of Nationality (CLN). However, the effective date of your loss of citizenship is the day you signed the papers and swore your oath of renunciation at the Embassy or Consulate.

You are only required to file taxes with the IRS for the year you renounced, and only for whatever you earned up to the date of your renunciation. Before the HEART Act of 2008, you may have been required to continue filing, and paying US taxes. However, that has now been replaced with a one-time exit tax on unrealized gains, for "covered expatriates" (http://en.wikipedia.org/wiki/Expatriation_tax).

Re: Ask HN: Good countries for American expats

#75
post #70

I've lived in 7 countries now and here's a quick review of them. Australia: This is a great country to live. Great education, good jobs and awesome climate. I lived in Brisbane, which is located on the Northeast on the country. The only problem is that it takes forever to go anywhere. If you have a young family, this is one of the best place to raise them. Housing is apparently expensive now there. Singapore: The liv…

Just wondered what you're doing in Cairo? I lived there for three months and liked it, but agree that it's also frustrating.

Re: Ask HN: Good countries for American expats

#77

Watch out for the whole double taxation issue. You will need to pay taxes to the US (there's a certain income threshold if I remember correctly, but you'd likely surpass it). If you wind up taking permanent residency, you may need to renounce your US citizenship to stop having to owe taxes Stateside. ( http://www.irs.gov/Individuals/International-Taxpayers/U.S.-... ) -- "Your worldwide income is subject to U.S. incom…

A point: you can't renounce US citizenship if all you have is permanent residency. You have to have citizenship elsewhere before the US will recognize you having renounced its citizenship.

Actually, you can renounce with only permanent residency.

I personally know someone here in Paraguay who has done it. He's now stateless. The Embassy highly suggests that you have another citizenship. However, they will accept a renunciation if you don't have one.

Re: Ask HN: Good countries for American expats

#78

In case you're unaware, there's also r/IWantOut on Reddit, which is all about this kind of stuff. I'm 'out' (currently Lisbon, previously both Rio long-term and short-term in Medellin) but since I've always tried to get away from native English speakers, in order to have a more 'authentic' experience, I can't say what's good for Americans. Key to me has been language. Get at least intermediate in the one that's spoke…

I've had a couple of wonderful experiences vacationing in the Algarve. What's it like to actually live in Portugal? I'm a Canadian, with a combined admiration and disdain for U.S. society. Actually, that was redundant :). Also, I have dual-Canadian German citizenship and am running a largely telework-friendly business.

I've spent a few 5 month winters down in the Algarve, mostly to escape the cold in SW France while still being able to grab some waves (surfer).

Weather's generally sunny, landscape (as you, the OP know) is surreal, and the people, both locals and expats, are generally friendly.

A bit insular compared to Lisbon area, not a whole lot going on (expect for summer when it's apparently a complete holiday zoo).

The language is next to impossible to grok (can get by well enough in Brazilian Portuguese but the dialect down here is just something else, they seem to swallow their words). Fortunately the Portuguese as a people generally speak decent English.

Dirt cheap in the off-season (was renting a massive modern apartment with 20 foot ceilings for 500 euros per month) and internet is decent for being out in the sticks, had @8mbs/2mbs near Sagres.

Can definitely reccomend the Algarve, just not sure about long-term, it's truly another world ;-)

Re: Ask HN: Good countries for American expats

#79

Watch out for the whole double taxation issue. You will need to pay taxes to the US (there's a certain income threshold if I remember correctly, but you'd likely surpass it). If you wind up taking permanent residency, you may need to renounce your US citizenship to stop having to owe taxes Stateside. ( http://www.irs.gov/Individuals/International-Taxpayers/U.S.-... ) -- "Your worldwide income is subject to U.S. incom…

A point: you can't renounce US citizenship if all you have is permanent residency. You have to have citizenship elsewhere before the US will recognize you having renounced its citizenship.

You can indeed renounce your U.S. citizenship and become a stateless person. See the State Department's Foreign Affairs Manual at http://www.state.gov/documents/organization/115645.pdf

I've seen it happen.

Not that I would recommend it, however.

Source: I'm an international tax lawyer and have 18 expatriation projects open in my office right now.

Re: Ask HN: Good countries for American expats

#80

You are asking a lot of questions but it would help people to understand what you are looking for (or what you are moving away from). If you are looking for almost USA that is not USA, then Canada. If you are looking for a good climate outside of USA then Australia. Or France, or Italy, but then you will need to learn the language. If you are looking for low expenses, then India, Thailand, or Vietnam. If you are look…

I'm always surprised to see Thailand on a list of cheap places to live. I live in Bangkok in the CBD just behind the Four Seasons. While that's admittedly one of the pricier neighborhoods to live in, I've also lived in some of the "artier" lower cost neighborhoods here. Overall, this is what I've found, compared to my place of origin: 1. Rent -- 0.5 - 1.0 what you'll pay in a top-tier US city. 2. Groceries -- anythin…

I'm not as dogmatic as this could sound, but there's some truth to the position that if you're in Asia buying groceries resembling what you'd get in the US, you're doing it wrong. :)

(Seriously, native-style meals are part of the experience, and much more budget-friendly. In many countries you could even hire a cook and still come out ahead, depending on how many family members you're buying for.)

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