Professional Deep Dives17 min read
A US Expat's Guide to Investing in UCITS ETFs to Avoid PFIC Issues
The conflict is simple: your tax home and your investment market do not follow the same rules. As a U.S. citizen abroad, you are still taxed by the IRS on worldwide income. At the same time, your local broker may treat you as a retail investor and only offer products with a PRIIPs Key Information Document (KID), unless you qualify as a professional client under Annex II criteria. That cross-border access problem sits behind most questions about UCITS ETFs for U.S. expats.
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