Thanks
rudestuff for a quick reply. I am not planning to let my EASA IR or theory lapse more than 7 years as i worked too hard for them and i know of their important value as you described, but right now i wish to get another ICAO license as well because i am planning to get some flight experience in North America and later i will renew my EASA ratings.
Now regardless to where i am planning to convert i want to make sure that i can use my EASA ATPL theory even with lapsed medical and IR to be exempt from attending theoretical courses in the country i wish to convert to.(Other than FAA )
I can renew my EASA medical, but it requires expenses and time i cannot afford right now since i want to use my money towards conversion first.