Renounce US Citizenship with a C Permit questions

Finance, Taxes, Banking, Insurance and Retirement
1

Hello, I have a C permit, originally from Norway but also have US citizenship from a period I lived and worked in the US for quite a while.

I have no intention of ever returning to the US and would hope to live in Switzerland for the long term so am planning on renouncing it. Wondered if people on here with similar experiences could knowledge-share with me please?

  • How efficient was the process at the embassy in Bern?
  • Did the renoncification notably change your interactions here with banks, mortgage lending etc.?
  • Did you feel like the process was worth it?
  • Any good tax advisors you’d recommend?
  • Did you move all your 401k, investments etc, out of the US and make a clean break?

Many thanks!

2

It went fine for me some years ago. Think it only took an hour/hour and a half max to do it at the embassy when I got my appointment.

Of course the bank was happy and so was I as it meant we could interact with our local bank manager instead of the specialist “nasty Americans” branch that dealt with stuff.

Was for me.

For the tax side I used US Tax Services, their Geneva office. Don’t know if it’s still there, but they have an office in Zurich as well. Not cheap, but that wasn’t my main concern; wanted all the paperwork to be correct.

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