Opening non-US acc as US resident and having dual citizenship?
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Thread: Opening non-US acc as US resident and having dual citizenship?

  1. #1
    I'm a native European who has Bulgarian and US citizenships. I reside in the US however I have my residential address in Bulgaria and valid legal documentation. Will it be a problem to open an account with any European broker?

  2. #2
    Quote Originally Posted by ;
    no issue simply use your Bulgarian citizenship
    He can do this of course, but as an American citizen he's still subject to the regulations and rules of the US.

  3. #3
    Quote Originally Posted by ;
    quotenot true if his resident is in another country you merely need to prove it to your broker
    Even if he resides in Antarctica he is still bound to pay US taxes on any income that he receives from his own trading activity.

    And then what do you believe will happen if the IRS (US taxman) finds he is getting his earnings from an international FX broker...?

    See the Issue here?

  4. #4
    Quote Originally Posted by ;
    I am a native European with Bulgarian and US citizenships. I have my home address in Bulgaria and legitimate documentation although I live in the US. Will it be a problem to open an account with any European broker?
    No problem just use your Bulgarian citizenships and address also ensure your bank account is set up there to get your money, if you ship your profit to a u.s. bank the broker will drop you.

  5. #5
    Quote Originally Posted by ;
    quoteno issue just use your Bulgarian citizenships and address also make sure your bank account is put up there to get your cash, if you send your profit to a u.s. bank the broker will fall you.
    Oh and you can not say you live in the u.s.a. since the dodd frank law applays to all u.s. resident No Matter your citizenships

  6. #6
    Quote Originally Posted by ;
    quoteno problem just use your Bulgarian citizenships and speech also ensure your bank account is put up there to receive your cash, if you send your profit to some u.s. bank the broker will drop you.
    His FX broker will observe that this IP is in the united states and probably deny his appliion.

  7. #7
    I really don't have a bank account there but I have. Can I use a bank account not under my name?

  8. #8
    Quote Originally Posted by ;
    Could I use a bank account not under my name?
    No, the title on your own Forex account and the one on your bank account has to be exactly the same, which includes your street address as well.

  9. #9
    Quote Originally Posted by ;
    quote He can do this of course, but as an American citizen he's still subject to the rules and regulations of the usa.
    Not true if his newcomer is in a different country you just have to prove it into your broker

  10. #10
    Fucking US man lol. I guess I'll be stuck with something like Oanda for today. . .fml

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