What are the tax implications for me if I have businesses both in India and the U.S.?

Green card holders are taxable on worldwide income. In many similar situations, the nonworking spouse may be the principal applicant and then the business owner may immigrate later under a following to join provision.

If you become a U.S. permanent resident, your worldwide income is taxable by the U.S. government. However, due to the complexity of the tax matters, I would suggest you consult with a U.S. accountant. Many of my affluent clients prearrange their assets before they get their green cards.

Permanent residents are required to file and pay taxes on their worldwide income. You would need to check with Indian tax counsel to determine what your obligations to that country are. Some countries do have tax treaties with U.S. that could minimize any double taxation but best to consult with an international tax attorney.

If you have permanent residence in the US, you are taxed on global income.

You should work closely with an international tax attorney or accountant. As an immigration attorney, I can tell you how important it is to do some pre-immigration tax planning like this and generally one is taxed on their worldwide income as a permanent resident. But beyond that, the best advice I can give is to get with the right professional on this topic.

The United States taxes citizens on worldwide income. I recommend you consult with a CPA.