What do you lose when you give up Indian citizenship?
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What do you lose when you give up Indian citizenship?
If you give up your Indian citizenship, what happens? Giving up your Indian citizenship means you’ll no longer be entitled to support from the Indian Embassy if you’re abroad. The laws, rights and responsibilities of your new state will apply.
What are the consequences of renouncing citizenship?
Once you renounce your US citizenship, you will no longer have to pay US taxes. However, the US government does charge a fee of $2,350 to relinquish citizenship. You may also need to pay an exit tax if you qualify as a covered expatriate.
What happens when you leave Indian citizenship?
Indians who renounce their Indian citizenship cam still apply for an Overseas Citizen of India (OCI) card, which would enable them to enjoy the benefits of residing, working or running a business in India. According to MHA, a total of 191,609 foreigners registered as OCI cardholders in 2020.
Is it okay to give up Indian citizenship?
If a person has ever held an Indian passport and has obtained the passport of another country, they will be required to surrender their Indian passport immediately after gaining another country’s nationality. After Renunciation of Indian Citizenship, it is necessary to apply for Surrender or a Renunciation certificate.
What happens if I don’t surrender my Indian passport?
Those who fail to surrender their Indian passport after acquiring foreign citizenship may face the following penalties. $500 penalty for renewing Indian passport after acquiring foreign citizenship. $250 penalty if Indian passport is used for any consular defined miscellaneous services.
Can OCI and renunciation of Indian citizenship together?
Can I apply for OCI and Visa to together? A. No. The Renunciation or surrender certificate is only provided when the required documents are attached along with the application.