FAQs

In this Frequently Asked Questions video series, we answer common questions on the investor immigration industry to provide all you need to know about citizenship by investment and residence by investment programmes.

FAQ - 6

Does obtaining second citizenship alter my tax status?

Generally not. Tax status is almost always dependent on physical presence in a country. An exception to this is the United States where citizens pay tax even when they spend no time in the country.

Citizenship-based taxation

Known as citizenship-based taxation, the US is one of two countries in the world that taxes its citizens no matter where they live. Those that hold an American citizenship are thus required to file yearly federal tax returns even if they are a resident of another nation. This has led many Americans with dual citizenship to renounce their US citizenship to avoid the double tax.

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