Thinking of renouncing your U.S citizenship? Since the 1960’s, U.S citizenship laws have changed – simply voting in a foreign election would automatically revoke a person’s status. While certain laws have made revoking status a bit complicated, this has not impeded people to expatriate.
There are many reasons why you may choose to do so. One of the most common reasons we have found is that there has been a change in the Citizenship Based Taxation laws. These laws are starting to push expatriates out the door at an unprecedented rate, leaving them no choice but to give up their US citizenship. A record number of Americans have renounced their citizenship last quarter, according to the US Government’s report.
Fortunately, it’s completely possible for American-born people who have lived abroad long enough to dispute their citizenship at the time they left the country. However, many events disqualify them from an ‘easy exit’. There are certain measures we can take to ensure that individuals aren’t inconsistent with their claim that they lost nationality when they became an expat.
Regardless, as an American citizen, you have the right to renounce your U.S citizenship. As stated in Section 349 (a)(5) of the Immigration and Nationality Act (INA):
“(5) making a formal renunciation of nationality before a diplomatic or consular officer of the United States in a foreign state, in such form as may be prescribed by the Secretary of State”
Although it may seem like a complicated process, waiving your US citizenship is definitely achievable. Feel free to contact us for more details!
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