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I am US citizen and Live in california

1 Answers. Asked on Aug 13th, 2017 on Business Law - California
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I want to open a legal offshore account so I can trade with borkers across the world . I am not trying to hide or play games just want legitimate process to do this with a good bank offshore . Thanks
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Answered on Sep 06th, 2017 at 3:06 PM

US cirizens and permanent residents are permitted to open offshore accounts so long as the y disclose them on their tax returns and pay US tax on their worldwide income (less any tax treaty benefits. PS I am not a tax lawyer.) Then it is up to the brokerage company as to whether they accept "Americans". 

The preceding is legal analysis, not legal "advice" and no attorney client relationship is created by posting of an answer.

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