EcaVRTDISK2005Multilanguage_Crack.rarTravelers to the United States should expect to pay $10,000 in return for renouncing their citizenship, according to a new report from the Migration Policy Institute.
A report released this week estimates that more than 50,000 Americans give up their citizenship each year in exchange for travel, investments, education or other incentives. The numbers fluctuate because most of the current disclosures are voluntary, and some may be incorrect.
The Institute’s report, titled “Travel to the United States: Estimates of Travel-Related Citizenship Renunciations for the U.S. and European Union,” was released ahead of a meeting in February between the State Department and foreign governments about the risks of dual citizenship.
In just four years, the number of travelers renouncing their citizenship has risen from 4,000 to more than 10,000, according to the Institute. This rapid growth was spurred by European countries that implemented stricter citizenship rules in 2013, a period of globalization that many Americans viewed as a threat to their immigration system. It was the “perfect storm” of rising citizenship renunciations that is creating the most ripples for travelers, according to Alexandre Kogan, a senior research economist with the Institute and the lead author of the report.
Reasons for renouncing citizenship vary widely, but many want to give up citizenship to become a U.S. green card holder, which facilitates their entry into the United States. The Institute’s report found that between 2002 and 2010, 3 percent of all renunciations were for the purpose of making it easier for a citizen of an EU member country to travel to the United States. Half of those who renounced were from either the United Kingdom or Ireland.
Another 15 percent of citizens who renounced were giving up their citizenship to travel outside of the United States.
“With Brexit, it’s not just that some Irish people are wanting to travel to the United States, but this way of thinking about citizenship has become widespread,” Kogan said. “That’s what’s driving this increase.”
According to an Office of Citizenship report, which is not included in the report, many citizens who renounce are motivated by concerns about their tax situation.
“In many cases, people are buying their
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