Would a German citizen with a great deal of money in the United States, suffer any monitary penalty if they gave up their Green Card?.
Asked on 4/24/12, 2:37 pm
1 Answer from Attorneys
Sanford M. Martin
Sanford M. Martin, P.A.
No. Relinquishing a green card or changing INS status has no effect on the
right to own property or investments in this country. Of course, if there is a
Homeland Security issue involved, or if the kind of investment has specific
rules relating to property ownership, there could be an effect, but generally the
owner of such investments/property are aware of these restrictions.
Answered on 4/24/12, 3:16 pm
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