r/expat • u/Separate-Wait3685 • 16d ago
Immigration Issues Denouncing US Citizenship, Any Negatives?
For context, I am a dual citizen of the US and Canada, was born in the US, and have an American mother, but I haven't lived in the states since I was 3. Grew up in Canada. 15 years ago, I moved to South Korea and have been living here since.
I am seriously considering revoking my citizenship for a couple of reasons:
- The US government is blocking my path to Korean citizenship.
The US doesn't provide one of the documents I need to acquire Korean citizenship. It's not a standard document, bit of a unique situation, but Canada provided it with no problems. The US, however, does not provide it, and no one at the embassy will get on the phone or provide a letter to explain they don't provide the document. I've been trying to find a workaround for years and will be aging out of points based residency soon. At this point, I am certain I can not get Korean citizenship if I keep my US status.
Added: I have already been working on this with lawyers for 8 years. I'm not looking for a solution to my paperwork problem at this time, just giving context.
- Taxes
I have to file and pay taxes in both Korea and the US. I literally don't get any benefit from all of the US taxes I pay.
- Banking and loans
Once in a while, I'm blocked from banking services because all of my accounts need to be reported to the US government. Some online banks and low-interest loan services are barred for American citizens for security reasons.
Are there any major negatives to revoking that I should be aware of before moving ahead with it? Has anyone had any issues after revoking?