On January 27, 2017, President Donald Trump issued an Executive Order (EO) entitled “Protecting the Nation from Foreign Terrorist Entry into the United States.” Do read the text in full here –
1. The order prohibits visa issuance and admission for a temporary period of 90 days for citizens or nationals from seven Islamic countries: Iraq, Iran, Syria, Libya, Yemen, Sudan and Somalia. It targets individuals of those countries regardless of which U.S. visa category they hold.
2. The order suspends the entry of any refugee who is waiting for resettlement in the U.S. for 120 days.
3. All Syrian refugees are barred indefinitely until further notice.
4. Individuals of the banned countries who hold dual citizenship with another country (not U.S.) are also affected by the order.
5. U.S. Legal Permanent Residents (LPR) from banned countries will not be restricted from entering the country but will be subject to additional screening and national security checks when entering the U.S.
6. Nationals of banned countries who are U.S. citizens – whether natural-born or naturalized – are not affected by the order.
7. Nationals of other Muslim countries, such as Saudi Arabia, Malaysia, Indonesia etc., are not affected by the travel ban.
8. The order suspends the Visa Interview Waiver Program (VIWP), which allows citizens of 38 countries to enter the U.S. on temporary visas without formal interviews with U.S. consular officers.
9. U.S. Residents/citizens are not restricted from visiting other (Muslim) countries.
10. Upon resumption of the U.S. Refugee Admissions Program, refugee admissions to the United States will be reduced from 110,000 to 50,000 for fiscal year 2017.
Unless a Lawful Permanent Resident (LPR) otherwise known as a Green Card Holder, surrenders their residency and (usually) signs an I-407, then there’re no apparent tax consequences to this Executive Order.
Derren is a part of an international tax team that works with 6, 7 and 8 figure International Entrepreneurs, Expats and Investors to legally minimize their global tax burden and protect their wealth. Strategies include second citizenships, second residencies, trusts, foundations, insurance wrappers and other offshore structures.
EXECUTIVE ORDER: PROTECTING THE NATION FROM FOREIGN TERRORIST ENTRY INTO THE UNITED STATES
On January 27, 2017, President Donald Trump issued an Executive Order (EO) entitled “Protecting the Nation from Foreign Terrorist Entry into the United States.” Do read the text in full here –
https://www.whitehouse.gov/the-press-office/2017/01/27/executive-order-protecting-nation-foreign-terrorist-entry-united-states
Otherwise, here are 10 key points to consider –
1. The order prohibits visa issuance and admission for a temporary period of 90 days for citizens or nationals from seven Islamic countries: Iraq, Iran, Syria, Libya, Yemen, Sudan and Somalia. It targets individuals of those countries regardless of which U.S. visa category they hold.
2. The order suspends the entry of any refugee who is waiting for resettlement in the U.S. for 120 days.
3. All Syrian refugees are barred indefinitely until further notice.
4. Individuals of the banned countries who hold dual citizenship with another country (not U.S.) are also affected by the order.
5. U.S. Legal Permanent Residents (LPR) from banned countries will not be restricted from entering the country but will be subject to additional screening and national security checks when entering the U.S.
6. Nationals of banned countries who are U.S. citizens – whether natural-born or naturalized – are not affected by the order.
7. Nationals of other Muslim countries, such as Saudi Arabia, Malaysia, Indonesia etc., are not affected by the travel ban.
8. The order suspends the Visa Interview Waiver Program (VIWP), which allows citizens of 38 countries to enter the U.S. on temporary visas without formal interviews with U.S. consular officers.
9. U.S. Residents/citizens are not restricted from visiting other (Muslim) countries.
10. Upon resumption of the U.S. Refugee Admissions Program, refugee admissions to the United States will be reduced from 110,000 to 50,000 for fiscal year 2017.
Unless a Lawful Permanent Resident (LPR) otherwise known as a Green Card Holder, surrenders their residency and (usually) signs an I-407, then there’re no apparent tax consequences to this Executive Order.
Do read the text in full here –
https://www.whitehouse.gov/the-press-office/2017/01/27/executive-order-protecting-nation-foreign-terrorist-entry-united-states
Table of Contents: EXECUTIVE ORDER: PROTECTING THE NATION FROM FOREIGN TERRORIST ENTRY INTO THE UNITED STATES
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