Second Citizenship For U.S. Citizens: What No One Is Talking About
A second passport is no longer just for the super-rich of this world. Today, many people can benefit from owning two passports.
Second citizenship for US citizens allows people to have another country to legally travel to, work in, live in, and stay in as long as they wish.
Many people aren’t aware of the wide possibilities of gaining dual citizenship – including US citizens. American citizens don’t have to wave goodbye to US citizenship if they obtain citizenship in another country.
There’s plenty more to discover about second citizenship for US citizens, which many of us don’t know. Keep reading to learn more.
You Won’t Lose US Citizenship After Obtaining a Second Citizenship
The US allows dual citizenship. Americans can obtain citizenship in both the US and another nation. Likewise, people from another country who gain US citizenship can keep their previous citizenship.
In the past, USA citizens could lose their residency if they naturalized in another country. The great news is that these laws have changed and it’s now almost impossible to lose US citizenship unless you decide to renounce here.
The US State Department announces that citizens from the United States may naturalize in a foreign country without any risk to their US citizenship. However, people who obtain a foreign nationality after age 18 by applying for it may surrender their United States citizenship if they wish to do so.
That means if you acquire a second citizenship, you won’t lose your US citizenship unless you intentionally renounce it. The US State Department assumes that you would like to keep dual citizenship with the United States when you apply for foreign citizenship.
The only way you could lose your US citizenship involuntarily is if you commit treason against America. Apart from that, it’s almost impossible.
It’s essential to note that not all countries permit dual citizenship, however. Some nations require you to renounce your United States citizenship if you want to gain citizenship.
But in the USA, you can obtain multiple passports and become citizens of various countries, all legally. If you own a US passport, you must use it to enter and leave America, even if you’re a dual citizen.
The only way you could lose your US citizenship involuntarily is if you commit treason against America
Consular Protection From Both Countries
Another benefit of dual nationality that not everyone is aware of is being able to claim consular protection from both your countries. Plus, if you obtain citizenship from a European country, you’ll have even more protection. Many European nations have partnerships with each other, and members of one European country can claim consular protection with another.
This protection can be valuable if something goes wrong during traveling. If there’s a war, natural disaster, or another problem, you can visit the closest consulate to gain the help required.
Dual Nationality Protects You From a Revoked Passport
Not many people know this, but your passport is the property of the United States government. Inside the document, it cites the law.
While extremely rare, the US government can revoke your passport at their discretion. It’s now an IRS policy to withdraw, or not renew, passports of citizens they believe owe them a specific amount of taxes. It doesn’t take any conviction, charges, or evidence for the government to do this; they have complete discretion.
If you only own one passport, then the US government has complete control over where you travel, live, and do business. Putting this much trust into a single government is daunting and isn’t a wise idea.
To ensure the protection of your passport, it’s a wise idea to obtain a second citizenship. That way if one passport is revoked, you always have a second document to rely on.
Dual Nationality Could Reduce Your Taxes
Second citizenship for US citizens, or even foreign residency, allows individuals to move abroad and potentially reduce their tax fees substantially. US citizens who gain residency abroad can opt for the ‘Foreign Earned Income Exclusion.’ As of 2020, this allows individuals to save $107,600 of income each year, tax-free.
Depending on where you reside, you could even pay zero taxes. Many nations around the world have significantly lighter tax burdens than most of the Western World, including the United States.
You Cannot Be Denied at Your Home Countries
Under most circumstances, you cannot be denied entry to countries where you’re a citizen. That’s even if your country of residence isn’t permitted in the country.
For example, an Australian dual-citizen living in the United States can travel home to Australia, even if it is closed to visitors from the United States. However, it’s essential to keep in mind that you may be required to quarantine on arrival or other restrictions.
Arranging Second Citizenship for US Citizens
Second citizenship for US citizens is beneficial. A second nationality opens more visa-free access to countries and allows you to live in another country if you’d like to.
When you’re a dual citizen, remember that you’re subject to the laws of both countries. If you break the law in one of the countries in which you’re a citizen, the other cannot help you. For example, the United States wouldn’t be able to help you if you broke the law in England.
If you’re interested in gaining second citizenship, contact us for a free private consultation. We’ll provide feedback and will assess your suitability for second citizenship.