- April 10, 2024
- Posted by: legaleseblogger
- Category: Related News
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# Reacquiring Japanese Citizenship and Tax Implications
I made the decision to renounce my Japanese citizenship after establishing a life in the United States for over two decades. Now, considering a move back to Japan to pursue a career as a nurse, I am seeking information on obtaining a table 1 work visa.
## Length of Stay and Tax Laws
As I prepare to make this transition, one of my concerns is how the inheritance and gift tax laws in Japan will affect my overseas assets should I choose to return to the US within less than five years. Specifically, I am wondering if my children, who currently reside in the US, would be exempt from these tax obligations.
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The exemption would be 10 out of the last 15 years of living in Japan as long as you’re not on a table 2 visa. Exempted would be overseas property as long as heirs with Japanese citizenship or on a class 2 visa never become resident in Japan.
BTW, as ex-Japanese you are entitled to either reacquire citizenship which is more a formality when returning to live in Japan or alternatively get PR on the short route, but obviously solely for inheritance reasons you might explicitly want to avoid that.