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Trump Offers $5 Million Visa for Foreign Investors
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US President Donald Trump plans to introduce a new "gold card" residency permit system for wealthy foreigners, which would replace an existing investor visa program. The proposed "gold card" would grant residency and is expected to be priced at $5 million, a significant increase from the existing program's $1 million fee.
We are going to be putting a price on that card of about $5 million.
Possibly. I know some Russian oligarchs that are very nice people. It's possible.
They're not as wealthy as they used to be. I think they can. I think they can afford $5 million.
We're going to be selling a gold card. You have a green card. This is a gold card.
They'll be wealthy and they'll be successful, and they'll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it's going to be extremely successful.
I get calls from companies wanting to hire the No. 1 student at Harvard, Wharton, or Yale, but then they're forced to leave because of our outdated immigration system.
The EB-5 program ... it was full of nonsense, make believe and fraud, and it was a way to get a green card that was low price. So the president said, rather than having this sort of ridiculous EB-5 program, we're going to end the EB-5 program. We're going to replace it with the Trump gold card.
sources
- 1.The Times of India
- 2.France 24
- 3.Le Monde
- 4.South China Morning Post
- 5.The Times
- 6.CNA News
- 7.Al Jazeera
- 8.The Washington Post
- 9.Agence France-Presse
- 10.Reuters
- 11.Times Of India
perspectives
countries
- 1.Antigua and Barbuda
- 2.Australia
- 3.Canada
- 4.China
- 5.Dominica
- 6.Egypt
- 7.Spain
- 8.France
- 9.Grenada
- 10.India
- 11.Jordan
- 12.Saint Kitts and Nevis
organizations
- 1.US Citizenship and Immigration Services
- 2.Republican Party
- 3.Harvard University
- 4.Wharton School
- 5.White House