The Fundamentals of Residency, Citizenship and Tax. Residency is the act of staying in a given place. Residency is defined in terms of a village, a town, a city or a country. Major cities and countries play host to citizens of other countries. There are certain factors that influence the residency. Citizenship is the act […]
The Fundamentals of Residency, Citizenship and Tax.
Residency is the act of staying in a given place. Residency is defined in terms of a village, a town, a city or a country. Major cities and countries play host to citizens of other countries. There are certain factors that influence the residency. Citizenship is the act of being a member of a given state. Being a citizen of a given state means that you are a legally recognized member of that country.
There are ways that guarantee a person citizenship of a country. Birth is a direct qualification of citizenship to a state. The citizenship of a country can be acquired through adoption. The third way by which one can become a citizen of another country is through a process known as naturalization. Naturalization is when you become the citizen of another country upon a request. The fourth ways to acquire a citizenship of another country is through international treaties. This is however rare in the modern world. Some countries allow their citizens to become citizens of other countries at the same time.
People move from one place to another for various reasons. The across border movements are also included. A person may choose to stay in a particular area for a number of reasons. There are people who become residents of a place because of the employment opportunities in that area or country. Perhaps this is the most common reason why people become residence of a place. Job transfers is another cause of change of residence.
The desire to further your studies can be the reason why you move to another place and therefore becoming a resident there. A person might be forced to live in a foreign country in pursuit of knowledge. For example there are very many students from around the world that end up staying in the United States after completing their studies. These students may even end up acquiring the citizenship of the country via naturalization. Some people run away from their homes and become residents of other places because of war and insecurity. Running away from the war zone is another widespread reasons for many people changing their residence. The major factors affecting residency are work, education, and insecurity.
The money paid to the government is what is referred to as a tax. This money is usually not for the acquisition of goods and services. All the citizens of a country are subjected to pay the taxes. The working noncitizens also are supposed to pay special taxes to the government. The tax paid by the citizens is different from that paid to the other residents. This is one of the benefits of being a citizen. The government will then use the collected money for governance. Various services are provided by governments using these funds.