Q: I need to set up a personal bank account abroad -- what are any issues I need to be aware of?
A:
There are surely an infinite number of issues you might need to consider, but which issues and whether they apply to your situation depends on your situation. I haven't a clue how to answer this. Ask more questions if your objective is to avoid taxation in the US. Ask more questions if your account will be in a currency restricted country. Ask more questions if your account will be in a country subject to sanctions by the US, the UN, or the EU. Ask more questions if the reason for the account is something questionable. Ask more questions if you have any other facts that require you to ask more questions.
Bottom line is that if the amount you are putting into this account is money that you need or care enough about, you should probably pay a lawyer to review the situation for your own protection. If it doesn't matter, it doesn't matter. What you should not do is describe the specific details in a public forum unless you are okay with anybody reading it and attributing it to you.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
