What Does It Mean to Become an Expatriate? An expatriate or expat is somebody who leaves their country of origin and settles abroad for an extended period of time, often permanently.
What is expat short for?
What is an expat? And who is an expat? According to Wikipedia, “an expatriate (often shortened to expat) is a person temporarily or permanently residing in a country other than that of the persons upbringing. The word comes from the Latin terms ex (out of) and patria (country, fatherland)”.
Is an expat still a US citizen?
Individual obtained both U.S. citizenship and citizenship of another country solely by reason of birth; At the time of expatriation, the individual remains both a citizen and an income tax resident of the other country; AND.
Do American expats pay taxes?
All American citizens are required to file and pay US taxes on their worldwide income, regardless of where they live or work. This means that expats often have to file and pay taxes in both the US and their country of residence.
Where do most American expats live?
Mexico is a popular choice with Americans due to its close proximity to the US and its climate. In fact, Mexico is home to more American expats than any other country in the world, with 1.5 million choosing it as their permanent home.