TAX & MILITARY OBLIGATIONS
Persons who wish to take the oath of renunciation under INA 349(a)(5) or who are requesting a Certificate of Loss of Nationality under INA 349(a)(1)-(4) should be aware that if the Department issues of a Certificate of Loss of Nationality in the person’s name (reflecting the official determination of loss of U.S. nationality) the former U.S. citizen’s U.S. tax or military service obligations may remain unchanged (contact the Internal Revenue Service or U.S. Selective Service for more information).
I'm pretty sure that's supposed to mean that they don't assess any new liabilities or obligations, but you can't get out of anything they've already assessed by relinquishing citizenship.
This is unironically something I would consider. I would sell me and my family’s citizenship for 20 mil and go live either in Mexico or Spain. I have family in both of those so it would be nice to see them more often.
Fuck yeah. 2 million is the amount I need to live a comfortable life off the interest. 20 million gives me 800k a year in distributions to safely maintain the fund. We'd live like damn hell ass kings!
The UK will give you free citizenship if you're considered very useful. A friend of mine is an epidemiologist, and they almost literally threw British citizenship at her. She said that nobody at the group ceremony spoke English.
With $5 million dollars I assume I'd be able to get a visa and then citizenship almost anywhere. Can't find a job within 90 days? Damn, maybe just start a business. What do you do? For me I'd go IT consultant company, and put my annual pay as the minimum wage required to maintain a citizenship. I could buy an office, a house, pay myself $50,000 a year for 20 years and still have 3 million left likely. Not to mention if you actually make any money. Could be anything really. Marketing, bakery, street food vendor. I'm sure you can make it work with 5m.
You can stick the 3 million in a 5% interest savings and make $150,000 a year to live off of. Living off 200k a year and never touching your principle I would hopefully be able to make work in most of the world.
I'm just some pleb with depression. No EU country would want me. The best I could hope for is maybe political asylum, but the US is still considered a democracy so they aren't gonna take my application seriously.
When I was a kid, I was somewhat envious of Tom Hanks' character in The Terminal. Rewatching it as an adult hits different after spending a lot more time in airports since then.
If this was plausible, you would never receive real money, and likely a dogshit Trump crypto coin that no rational ledger or bank would honor.
They would pay you "$5 million" Trump-Bucks and in reality it would be worth a pathetically impossibly impotent microscopic amount of real legal tender.
And then they would tell you to fuck off in the most publicly rude method possible to dog whistle to their racist bigoted MAGA base.
How long does it take to become a US citizen? That determines how often you can sell your citizenship and restart the process. Imagine getting 5 million every year or two.
Naturalized citizen here originally from Poland. It took 6 years waiting to be eligible to apply for green card, another 2 to actually get a green card, then another 5 years of living in the states to be able to apply for citizenship. So total of 13 years. Granted Poland was in a different political climate 25 years ago and it was difficult to ever get into the US so it really depends on “country of origin”.
If you run the citizenship cycle every 13 years, and you get paid 5 million every time, that's still about 32 k$ per month, which is not bad. It takes a very long time, but it should be worth it.
My wife and I wondered why they just don't offer people a million per household member to leave the country. Maybe help with citizenship paperwork to other countries.