Very good point. In Switzerland, if you have a US passport, it is pretty difficult to open a bank account and/or get financial advice. Apparently bank/advisors can get into trouble for reasons I am not well up to date.
Yup. People with dual citizenship ("American" and "Swiss") living and working in Switzerland, have a hard time opening a bank account due to their American citizenship.
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The tax reporting implications and liabilities of becoming US citizen are a clear turnoff for many people. Cash is king.
Yep.. it's becoming increasingly hard to do any business with overseas banks if you have US Citizenship. Foreign banks don't want the liability.
Very good point. In Switzerland, if you have a US passport, it is pretty difficult to open a bank account and/or get financial advice. Apparently bank/advisors can get into trouble for reasons I am not well up to date.
Yup. People with dual citizenship ("American" and "Swiss") living and working in Switzerland, have a hard time opening a bank account due to their American citizenship.