US President Donald Trump has proposed introducing a new “gold card” visa that would allow wealthy investors to buy their way to American citizenship for $5 million. The proposal, which replaces the existing EB-5 Immigrant Investor Program, aims to attract high-net-worth individuals from around the world.
Under the plan, foreign investors who invest in US businesses and create at least 10 full-time jobs for qualified workers would be eligible for a “gold card” visa. This would grant them permanent residence status and eventually lead to American citizenship.
The proposal has been met with support from Commerce Secretary Howard Lutnick, who described the EB-5 program as “full of nonsense.” Trump also hinted that Russian oligarchs could obtain the new visa, saying he knows some “very nice people” in Russia.
Source: https://www.foxbusiness.com/politics/trump-introduce-gold-card-visa-wealthy-investors-5-million-price-tag-route-citizenship