A record number of Americans want out—now the government is making it easier
If you’re looking to leave the United States for greener pastures, that process is about to get a whole lot cheaper. Starting next month, the cost of renouncing your U.S. citizenship will go down d...
Source: www.fastcompany.com
If you’re looking to leave the United States for greener pastures, that process is about to get a whole lot cheaper. Starting next month, the cost of renouncing your U.S. citizenship will go down dramatically – a boon for people already shouldering the burden of paying for a major overseas move. Anyone wishing to formally shed their American citizenship is required to obtain a form called a Certificate of Loss of Nationality, and right now it comes with a whopping $2,350 fee. In April, that fee will drop by 80% to $450, according to a final rule recently published to the federal register. The State Department says the change is designed to “help alleviate the cost burden for those individuals who decide to request CLN services,” and will bring the fee in line with what it was prior to a price hike in 2015. “A $450 fee is a significant decrease from the current fee that, when adjusted for inflation, represents less of a financial burden than the same fee did when it was first adop