The U.S. citizenship comes with all the arduous requirements and liabilities, hence why more people than ever started to question whether the benefits outweigh the costs. Thought of renouncing a U.S. citizenship may pass through your mind if you are already a dual citizen, have no ties with the U.S. and don’t want to carry the U.S. tax burden anymore. Some people fall into the category of “Accidental Americans” and they have never even considered themselves being Americans, so it’s the only way to free themselves from the IRS and stop playing their tax game.
It became more complicated and expensive procedure to renounce U.S. citizenship, but it can be done. We prepared this easy infographic, where we gathered few facts about renouncing U.S. citizenship and if you have any questions, feel free to contact us.
It is not a decision, which should be taken lightly and it will affect how easily you can return to the United States or how you will be treated in other countries around the world. As well as if you don’t have another citizenship before you renounce, you will end up stateless and might find yourself struggling to prove your identity and move freely.
P.S. We also have a blog post here explaining the Difference Between Renouncing and Relinquishing Your US Citizenship.
Have a question? Contact Olivier Wagner. Your comments are always welcome!
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