With all the noise about Americans renouncing their citizenship and paying an exit tax just to be freed from what they consider an oppressive tax regime, it’s nice to know that it’s a two-way street.
More people by far are applying to come to the U.S. than are leaving the country. In the first half of 2013, slightly more than 1,800 people renounced their U.S. citizenship or permanent resident status, which is more than the 1,781 who renounced during the entire year in 2011. Still, last year more than 7,000 came here on the EB-5 visa alone, according to Ronald Fieldstone, a partner at the law firm Arnstein & Lehr.
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