Non-resident Clients

Nationals and taxpayers of many jurisdictions may face specific domestic constraints when it comes to their investment and wealth management needs. Often the ideal services may not be offered by nationally oriented institutions. Offshore residents may therefore be interested in opening a foreign relationship to extend the variety of services within their reach:

  • Currency diversification
  • Geographic diversification
  • Access to a broader range of international investment opportunities and investment mandates
  • Jurisdiction diversification
  • Financial counterparty diversification
  • Financing for the purchase of real estate outside their territory of residency
  • Custody of declared physical assets

Important notice:  It is not unlawful for US taxpayers to have an interest in a foreign  financial account, but the Bank Secrecy Act may require all US Taxpayers that have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, to report the account yearly to the Internal Revenue Service by filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).

In responding to queries from US nationals and taxpayers, Adarama only advises to enter into relationships with offshore institutions that are SEC registered and that in accordance with Rule 204-3 of the Investment Advisers Act of 1940, can offer their disclosure brochure (Form ADV Part II & Schedule F) at least on a yearly basis, and that can provide IRS compliant tax reporting capabilities.

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