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What to Consider Before Renouncing Citizenship
Global Immigrate consultants · Published
Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director
Summary
Statelessness risk, tax exit, property and return rights.
Short answer: before renouncing, assess other valid nationalities (avoid statelessness), tax exit, property/inheritance and visa needs to re-enter the former country. The US and others add tax and reporting consequences. Use both legal and tax counsel.
FAQ
Must I renounce the first after a second passport?
