I know about OIC (and have one). But can we get full fledged Indian Citizenship with voting rights? Has anyone attempted that?
The laws are pretty fuzzy on this.
Full Fledged Indian Citizenship
Full Fledged Indian Citizenship
VWbuggy78;22844I know about OIC (and have one). But can we get full fledged Indian Citizenship with voting rights? Has anyone attempted that?
The laws are pretty fuzzy on this.
I doubt anybody tried that since OCIs are required to wait 5 years, and OCI has been granted for the past 18 months. BTW, what part is fuzzy?
Full Fledged Indian Citizenship
Nothing fuzzy about the laws. You have to give up your overseas citizenship to claim a full fledged Indian citizenship.
Full Fledged Indian Citizenship
R2HYD666;22872Nothing fuzzy about the laws. You have to give up your overseas citizenship to claim a full fledged Indian citizenship.[/quote]
I guess that is quite obvious. If you need Indian citizenship, you have to give up the Foreign one and consequently the OCI. This is because India DOES NOT support Dual Citizenshp!
OCI (Overseas CITIZEN of India) is a mis-nomer. It should have been Overseas NRI (or something like that). It has no citizenship equivalent rights. All the rights are PARITY with NRI!!!
Full Fledged Indian Citizenship
[INDENT]One of the friends I know (OCI & USC) is thinking in this direction, because of increasingly draconian US Tax Laws which are complicated and easy to miss, and little benefits of retaining USC except Social Security, which in any case might be available to all now, due to near closure of Totalization Agreement between US and India. In his case his only income is interest from his savings that he transfered to Indian banks into NRO and NRE accounts. With the requirements of FBAR and FACTA and fear of life-changing penalties in case of non-compliance (voluntary or accidental) his point is either he loses substantial amounts of money in back taxes and penalties and invites scrutity of all accounts or risks life-changing penalties...his children can always retain their USC status if it helps them..What do the gurus on this forum think ? Also any idea how the exit tax works ? [/INDENT]