Binu

I am currently a citizen of India, but I am in the process of becoming
a naturalized US citizen soon. Currently I own some property in my name
back in India, but after I become a US citizen, and if I have to
renounce my Indian Passport, can I still maintain the property in my
name? Would I face problems when I try to sell the property ?

Any comments would be highly appreciated.

thanx,
--binu.

Kevin Keane

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There are very few things in US law that affect foreign property ownership.
If it was in an embargoed country such as Cuba, there certainly would be a
problem. If this property was somehow related to the Indian military, there
could also be a problem because of the Nuclear Non-Proliferation Treaty.
Short of that, I can't really think of anything.

There may be tax issues if you made a profit on the property.

Of course, I do not know how India handles property ownership by non-Indian
citizens.

Binu wrote:

    > I am currently a citizen of India, but I am in the process of becoming
    > a naturalized US citizen soon. Currently I own some property in my name
    > back in India, but after I become a US citizen, and if I have to
    > renounce my Indian Passport, can I still maintain the property in my
    > name? Would I face problems when I try to sell the property ?
    >
    > Any comments would be highly appreciated.
    >
    > thanx,
    > --binu.

- --
Please visit my FAQ at http://www.kkeane.com before asking a question here.
It may answer your question. Remember, I am strictly a layperson without
any legal training. I encourage the reader to seek competent legal counsel
rather than relying on usenet newsgroups.
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