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Dual Citizenship
Dual Citizenship
Dual citizenship offers the ability to live, work in multiple countries, access to healthcare, social services, and property ownership. However, dual citizenship has challenges like dual taxation and potential military obligations.
I am currently researching this topic and the info below is rapidly changing given the present circumstances. Here's what I've learned so far based off government websites and expat forums.
Routes to Citizenship
Routes to Citizenship
Naturalization
Special Skills/Talent
Citizenship by Descent
Citizenship by Birth
Marriage
Adoption
Asylum/Refugee Status- giving up citizenship
Investment or Economic Citizenship
Immigration Lawyer
Immigration Lawyer
Recommended expedited way to immigrate
Ensure your forms are completed correctly and meet all requirements
Represent you for legal challenges or interviews
Provide peace of mind, especially for high-stakes or complex cases
Ranges from €1,000 to €3,000 based on complexity, country, expertise
Process for Citizenship by Descent
Process for Citizenship by Descent
Trace Your Ancestry - Official relative citizenship paperwork (NOT genetics or 23 & me)
Check Eligibility - Citizenship by descent offered and if you qualify (each country has different rules - Parents citizenship vs decent from 17th century)
Gather Documents - Collect paperwork to prove your lineage. i.e. official copies of Birth certificates, Marriage certificates, Death Certificates
Get copies of each certificates and get the 'Apostille certification' stamp on them
Apply for Citizenship - Follow the specific process for your chosen country, which may involve legal steps or language requirements.
HOT TIP 🔥
Everyone should get a copy of their birth certificate with the respective state's apostille certification stamp on it (seen above)
To Do
To Do
Before Moving To Do List
Before Moving To Do List
Documents attested by the state department- drivers license, birth, marriage, divorce, diploma, college transcripts, FBI background check etc.
Max out license/ passport validity
Renew before license expires (Replacement will have the same expiration date)
license 8 yrs and passport 10 yrs (Renew at US Embassy)
Apps - Change US number in accounts to new cell number & change country affiliation with Google Account
US phone number - Set up Google Voice to keep your number
VPN and dedicated IP - US accounts will still work with minimal friction
Permanent Address - Use a friend's or parent's address or a sometimes a virtual mailbox works
Investment taxes? - Establish residency in a state with no income tax
Banking
Get all three accounts to transfer your US money
Cash Accounts - Get a US based Charles Schwab account to transfer large amounts of money
Transfer Account - Change to Wise or local specific transferring account i.e. SpartanFX
Local Bank Account - Get once you've established residency
Freeze your credit with the three credit bureaus- unless you're using the Charles Schwab credit card
After Moving To Do List
After Moving To Do List
Documents verified and stamped by consulate of your destination country
Local bank account- Some countries make you wait before you can open a local bank account (Australia is 6 weeks), or banks make you wait for an appointment to open an account
Renouncing & Taxes
Renouncing & Taxes
Renouncing
Renouncing
Saying goodbye to your US citizenship?
Once you renounce, it's permanent unless you win a successful administrative or judicial appeal. It seems unnecessary in my opinion unless you run into naturalization problems having US Citizenship. Renouncing is usually brought on for U.S. citizens to avoid taxes on their "worldwide income" OR certain countries make you renounce your us citizenship to become a citizen.
In order to renounce your citizenship, you have to pay exit taxes, or what's officially called the 'Expatriation Tax'>>>>
Expatriation Tax
Expatriation Tax
To renounce US citizenship -one time tax on assets plus a fee to put through your renouncing paperwork
UNAVOIDABLE Renunciation Fee ~$2,350
Tax on US income - U.S. may continue to tax your U.S. sourced income, businesses or investments, but you would no longer be taxed on worldwide income.
Tax on Assets- Retirement accounts, investments, business interests, and real estate
Tax Exception- You won't be taxed if gains on the assets are under $700,000 in recent years
Reasons to Keep US Citizenship?
Reasons to Keep US Citizenship?
EXTREMELY hard to get back
Allows you to live and work in the US
Visit family in the states without Visa
Ease of Travel with visa-free or visa-on-arrival access to many countries
Keep inheritance rights
Run for US offices
Contact US embassies for assistance
Vote in elections (This might change)
Potential military obligations for Men
Reasons to Renounce?
Reasons to Renounce?
Avoid paying dual taxes & avoid taxes on "worldwide income" over ~$115,000
Certain countries make you renounce your us citizenship to become a citizen
Foreign Banks- some don't allow Americans to open accounts
Insurance Policy on Home- In some countries this is not given by banks if American
Potential military obligations i.e. Sweden mandatory "total defense duty"
Hear it from the Expats
Hear it from the Expats
Helpful Influencers
Helpful Influencers
General
Jen from Expatsi @expatsitest
Nidhi Nagori youtube Netherlands
Monae Youtube @Pro Adventures
Specific Countries
New Zealand @kiwi.froyo
Spain @WanderOnwards
Madrid, Spain Maddy in Madrid
Choosing a country?
Choosing a country?
EFTA countries grant freedom of movement in the EU:
Iceland
Liechtenstein
Norway
Switzerland
Subreddits
Subreddits
r/AmerExit
r/USAExit
r/americanexpats
r/AmericanExpatsSpain
r/AmericanExpatsUK
r/digitalnomad
r/ExpatFinance
r/ExpatFIRE
r/expat (most active subreddit)
r/expats
r/Genealogy
r/IWantOut
r/TillSverige (Sweden)
r/ukvisa
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