Prince Harry’s US green card could be a financial ‘dagger’ for royals: Why he…see more

Prince Harry’s residency status in the United States has sparked speculation, with one key theory suggesting a diplomatic visa may hold the answer. The choice could be tied to financial implications for the Royal Family, according to a Daily Mail report.

Speculation surrounds Prince Harry’s U.S. residency, with theories suggesting he holds a diplomatic visa

The Royal Family probably views a diplomatic visa as a win-win situation. By keeping Prince Harry on an A-1 visa, they can safeguard their economic interests and keep a certain degree of influence over his public image which is tied to their heritage.

Is Prince Harry’s permanent residency a threat to royals?
There has been much speculation about Prince Harry’s potential permanent U.S. residency since he moved to California with his wife Meghan Markle and their children. Yet, a tax specialist shared with Daily Mail that should the Duke of Sussex settle in the U.S. or secure a green card, it could pose a major financial ‘dagger in the heart’ for the royals.

This is due to the fact that the royals would be obligated to disclose any shared financial matters involving Harry, including “information on any British bank accounts or trusts,” to the U.S. Internal Revenue Service. Moreover, the Duke would have to provide a comprehensive account of his global earnings to the department.

Prince Harry may be on A-1 Head of State visa
Finance experts suggest that Prince Harry might be on an A-1 Head of State visa. The Department of Homeland Security has so far refused to disclose details about his visa status, leading to speculations and wild theories about the same. The Heritage Foundation, a conservative think tank, has filed a Freedom of Information Act lawsuit alleging that the U.S. government has shown favouritism towards the estranged royal, suggesting he may have received preferential treatment in his entry and stay. The case is currently pending despite a court ruling which asked the DHS to disclose the papers.

“The Royal Family wants him to stay on the A-1,” expert Clayton Cartwright told Mail. “I think they have common ground wanting him to stay on an A-1. If he’s consulted tax advisers then he will be staying on an A-1,” they added.