Short answer: once you hold a green card, you are generally a US tax resident taxed on worldwide income. The time before that is the best moment to review your assets — some arrangements cost far more to handle after you become a tax resident.
What to review before the green card
| Item | Why it matters |
|---|---|
| Highly appreciated assets | Sold after you become US tax resident, the gain is generally taxable in the US |
| Foreign funds | The US has special rules for non-US funds, with heavier reporting and tax |
| Foreign companies | Shareholdings can trigger extra reporting and tax rules |
| Trusts | Existing or planned trusts need reviewing |
| Large gifts | Green card holders generally report large gifts from abroad |
| Bank accounts | Foreign accounts generally must be reported |
Timing matters
- When tax residence starts: generally from the day you enter with the green card, and days present can also matter.
- Timeline: start planning about a year ahead, following your EB-5 progress.
- Family: your spouse and children become tax residents too.
Our advice
Between I-526E approval and the green card, have a US tax adviser review your assets. GI Group’s tax team can help coordinate. Read more: worldwide income reporting and tax planning before emigrating.
General information only, not tax advice; consult a qualified US tax adviser.