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.
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