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Tax Implications Of Securing US Citizenship By Investment
Obtaining US citizenship through investment under the EB-5 Immigrant Investor Program can have significant tax implications for investors. While the United States offers various tax benefits and incentives for residents and citizens, it also imposes certain tax obligations that investors should be aware of before pursuing USA citizenship by investment. Worldwide income taxation: US citizens are subject to taxation on their worldwide income, regardless of where the income is earned or where the individual resides. This means that EB-5 investors who become US citizens are required to report and pay taxes on all income earned globally, including wages, salaries, business profits, rental income, capital gains, and foreign investments. Foreign income…