In recent years, there has been a spike in the number of people giving up their US citizenship. If you are planning to renounce your US citizenship in favor of an Indian citizenship, you have come to the right place for information. Here, you will be taken through all the relevant information to you like the renounce US citizenship consequences, how long does it take to renounce US citizenship, what is the renounce US citizenship fee etc. In addition, you should also find information on the renounce US citizenship form as well as renounce US citizenship taxes you might be required to pay. If you have been confused regarding the procedure on how to renounce US citizenship, we are here to help you out. Here are nine simple steps that will help you renounce your US citizenship.
Consider The Consequences Of Renouncing Your Citizenship
The first thing you should get clarity about are the exact consequences of renouncing your US citizenship. Some of the disadvantages of giving up your US citizenship could include, but is not limited to:
- You will not be able to freely work in the United States of America.
- You will not be able to travel freely to and from the United States of America. If you are applying for an Indian citizenship, you will require a visa to travel to the United States every time. Some other passport holders, like UK, are allowed a visa-free entry into the United States of America for a period of 90 days. Make sure you are aware of how long you will be allowed to stay in USA with your new passport.
- You will no longer be under the protection of the United States government when you travel abroad.
- If you renounce your citizenship before obtaining a citizenship in another country, you may be rendered stateless. Thus, you will not be under the protection of any government, making it nearly impossible for you to obtain legal housing, legal health care, and other life essentials. To ensure that you get a passport from another country before renouncing your US citizenship.
Obtain Citizenship Of Another Country
As soon as you have decided to renounce your US citizenship, make sure you begin the procedure to obtain citizenship of another country of your choice. This process could take many months or years to be completed. You could obtain dual citizenship as well before you decide to completely renounce your US citizenship.
Go the IRS and Ensure That you Have Cleared Your Tax Obligations
Renouncing your citizenship means that you will still have to clear the taxes that are due to you before leaving the country. Fleeing the country will not stop US officials from arresting you if you have unpaid taxes.
Move To Your New Country Of Residence
You should know that you cannot renounce your US citizenship from within the USA. Hence, you must move to the country of your residence and do this procedure.
Gather Your Renunciation Fee
There has been a large number of Americans renouncing their citizenship. Thus, the government has increased the renunciation fee recently. It is currently at US$ 2,350. Make sure you have the money before completing the procedure.
Find the Nearest US Embassy in Your New Country of Residence
You will need to find the US embassy nearest to you, in your new country. You can fix an appointment in advance.
Appear in Person Before a Diplomatic Officer
You will have to appear in person before a diplomatic officer. You will have to verbally state your decision to leave US citizenship before a diplomatic officer.
Sign The Oath Of Renunciation
You will be given a written oath of renunciation. Make sure you read it carefully Once you sign it, it is permanent and cannot be taken back.
Give Up Your US Passport
Once you sign the oath, you will have to give in your US passport to the embassy as you will no longer be allowed to use it. Once this is done, you are no longer a US citizen and the renunciation is complete.
Now that you have a clear idea on how to renounce US citizenship, you should be able to fill out the renounce US citizenship form, as well as pay the renounce US citizenship fee. In addition, you will also have a clear understanding now of how long does it take to renounce US citizenship. You must be aware of your renounce US citizenship taxes and have a clear idea about renouncing US citizenship consequences. Once you are sure of all the consequences and expenses, you are well on your way already to renouncing your US citizenship. This process should be a little simpler for you, now that you have a clear understanding of what to do when to do it and where to do it. We hope that this article has made your transition from being a US citizen to become an Indian citizen far, far easier.