Question by flipperr: What are the “Advantages” and “Disadvantages” to having dual citizenship (US…Philippines)?
What are the “Advantages” and “Disadvantages” to having dual citizenship (US…Philippines)?
Also, do you have to have to be a Philippine citizen to inherit land and a house? I’ve heard that only Philippine citizens can own property in the Philippines. But I’ve heard that if you’re retired then there are benefits to being a dual citizen.
Any opinions on dual citizenship?
Answer by Zyzzyx
The disadvantage is the obligations placed on you by each country. For example, US citizens are liable for income taxes even if they work outside the country. In the past male US citizens were liable for military service, and this may happen again. There is an inheritance issue in the US for foreigners: Non-citizens have to pay a large tax on inheritances over 0,000; so being a citizen would be beneficial in this situation. I don’t know about Philippine citizenship but I suppose there might be similar issues.
The advantage, obviously, is the ability to enter the country no matter what; and stay as long as you like; and be employed; etc.
I don’t know about the Philippines specifically, but usually a foreigner can own property. Lots of property in the US is owned by foreigners. ((In Mexico there is a restriction with respect to location — Foreigners are not allowed to own land near the coast.))
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