Ways to give up the American green card

How to give up your American green card status

Talking about overseas 20 19-08-29

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For various reasons, American green card holders may consider giving up their American green cards because they frequently leave the United States to live or cannot maintain their permanent resident status in the United States.

Giving up the green card is an irreversible procedure. Once you give up, you can't take it back. Therefore, you must be cautious and think twice before you apply for giving up your green card.

From the perspective of immigration law, the procedure of giving up the green card is relatively uncomplicated. Applicants are required to submit an I-407 form (which is a record of renouncing legal permanent residence status in the United States) to the US Immigration Service, and the submission of this form is free.

After the application is accepted, the applicant will receive an I-407 form signed by the immigration officer as proof of giving up the green card.

After giving up the green card in the United States, the applicant's status will be changed from permanent residence in the United States to a foreigner without the right of abode in the United States.

Therefore, when you need to enter the United States in the future, you should apply for an American visa according to the actual situation, which meets the application conditions for non-immigrant visas or immigrant visas.

(1) The renunciation of legal permanent residence status in the United States is irrevocable.

(2) When applying for permanent residency in the United States again, you need to re-apply through the general application procedure.

(3) Abandoning the legal permanent residence status will generally not affect the applicant's future immigration application.

Applicants who give up their green cards living overseas can choose to go to the overseas offices of the US Immigration Service in person or submit their applications by mail.

In tax law, the IRS has the right to tax the global assets of green card holders, and many green card holders also choose to give up their green cards for this reason.

However, it should be noted that giving up the green card does not mean completely withdrawing from the tax jurisdiction of the United States on the same day.

Applicants need to clarify previous tax issues and even pay exit tax before they can resolve their relationship with the IRS.

The tax system in the United States is quite complicated, especially for high-net-worth people, and the tax settlement procedure is very important. Before giving up the green card, you should consult a tax accountant with professional qualifications and experience before going through the relevant procedures.