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The Patriot Act.



While this reply is short it is right. The Patriot Act is the reason why these nice things generally aren't available to non US citizens. Patriot Act Section 312: http://ithandbook.ffiec.gov/media/resources/3356/con-usa_pat...

As you can see if you want to provide this service to a foreigner then you need to do checks on this person and his bank. This costs such much that most will decide that it is not cost effective to do so.

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This costs such much that most will decide that it is not cost effective to do so.

Well, why do their representatives insist it's a "top priority" then?

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Presumably they will set up a company in Europe instead of handling it from the US company, but this takes extra time and effort so most companies start in the US (and empirically they stay that way until they become very big).

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