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Retiring Abroad: Tax Considerations, Expatriation From the U.S., Immigration, Golden Visas, CFC Considerations

Puerto Rico, Portugal, Israel, Singapore, Cost Rica

A live 110-minute CPE webinar with interactive Q&A

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Monday, February 10, 2025 (in 5 days)

1:00pm-2:50pm EST, 10:00am-11:50am PST

or call 1-800-926-7926
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This webinar will take a detailed look at the most significant concerns of taxpayers considering retiring abroad. Our panel of international tax attorneys will explain U.S. expatriation requirements, the benefits and caveats of Golden Visa programs, and immigration considerations for moves to Puerto Rico, Portugal, Israel, and other popular destinations for advisers to taxpayers considering moving overseas.

Description

Leaving the U.S. has consequences. U.S. citizens are obligated to pay tax on their income regardless of where it is earned. As a resident of a foreign country, a retiree could be subject to tax in two countries. A taxpayer can relinquish their citizenship by filing Form 8854, Initial and Annual Expatriation Statement, and paying an exit tax if required.

In addition to U.S. considerations, there are immigration considerations abroad. Many countries offer Golden Visa programs. These offer accelerated residency in a new country, often speeding up the foreign citizenship process and offering perks for relocating. Some require a capital infusion, job creation, or other investment in the country. If offered, each country's immigration policies and Golden VISA programs differ.

Portugal has one of the most popular Golden Visa programs. Depending on the particular option selected, it requires an investment of as little as 250,000 Euros, allows the investor to apply for citizenship after five years, and allows VISA-free travel in Europe's Schengen Area.

There are non-tax considerations of moving abroad as well. Language barriers can be a primary concern. Once a citizen of Portugal, for example, a resident is eligible for national health and education services.

Listen as our panel of experts reviews the chief immigration, income tax, and non-tax considerations of retiring abroad.

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Outline

  1. Moving Abroad-Considerations
  2. Immigration Considerations
    1. Expatriation from the US
    2. Destination Country Requirements in General
    3. Golden Visas
  3. Income Tax Considerations
    1. Expatriation Tax
    2. Controlled Foreign Corporation Considerations
  4. Retirement Considerations
    1. Traditional IRAs
    2. Roth IRAs
    3. 401(k)
    4. Social Security Payments
  5. Destinations
    1. Immigration
    2. Non-Tax Considerations
    3. Tax Considerations

Benefits

The panel will cover these and other critical issues:

  • Immigration considerations of moving to specific countries
  • Golden VISA opportunities and caveats of moving to Portugal and Israel
  • Who is required to pay an exit tax
  • Strategies available to abate multinational taxation

Faculty

Anolik, Stuart
Stuart Anolik
Partner
FisherBroyles

Mr. Anolik has handled client matters involving international investment and finance, intellectual property migration,...  |  Read More

Cory, Jennifer
Jennifer Cory
Partner
FisherBroyles

Ms. Cory is the leader of FisherBroyles’s Immigration practice group. She navigates the complexities of US...  |  Read More

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