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The Economic Times
The Economic Times
Business
Uma Shashikant

FOUND: Indian parents getting us residency 6 financial implications to consider before applying - What They Never Told You

It is common for American Indians to ask parents living in India to consent for a green card application. The permanent resident status that a green card provides makes it easy for the elderly parents to travel to the United States at any time and stay for as long as they wish, without the limitations of the visitor visa.

However, that reasoning might overlook im portant considerations that acquiring a green card comes with. A permanent resident status in the US has many implications for social life, finances and healthcare. We will focus on the financial aspects, and try to keep the discus sion as simple as we can, while being aware that some provisions of taxation and their applicability need elaborate professional advice.

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