The number of Americans giving up their citizenship and hightailing it for other countries looks to be on the rise again — maybe because offices processing the requests are getting to their pandemic backlogs and maybe for more serious reasons. Around 1,473 Americans gave up their U.S. citizenship in the second three months of the year, “the most since the second quarter of 2020,” The American Expat Financial News Journal says.
Numbers have been up for years, up to 5,344 in 2016, says Bambridge Accountants, a company specializing in preparing taxes for expats. The figure was only 1,534 a decade ago, when a Foreign Account Tax Compliance Act went into effect.
But relocating with a resident visa to another country is not as easy for some Americans as for others. Those over the age of 50 might find themselves shut out of residency in some of the world's most popular countries, such as Australia (unless of course you can meet strict criteria). Here are some countries still happy to become new homes to relocating people over 50.
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