Trump plans Gold Card: Reich will buy a new right of residence!
Trump plans Gold Card: Reich will buy a new right of residence!
USA - President Donald Trump plans the introduction of a "Gold Card" visum option, which should offer foreigners, including richer Russians, an unlimited right of residence in the United States. The cost of this new regulation is a whopping $ five million. Trump explained that this would replace the existing investor visa (EB-5) that have existed for 35 years. He is convinced that wealthy investors not only spend a lot of money, but would also create numerous jobs and pay taxes. "Rich people will come to our country by buying this card," says Trump, who described this initiative as "fantastic".
The "Gold Card" is de facto a permanent residence permit, similar to a green card, and could allow companies to bring important workers into the country more easily. Commerce Secretary Howard Lutnick announced that the new program should start in two weeks. The President emphasized that investing in the United States is a safe source of income and that public debt could reduce. Trump plans to sell up to ten million of these cards, which is intended to support the efforts to combat fraud in the existing EB-5 programs that are repeatedly suspected.
Important details of the Gold Card
In contrast to the previous EB-5-VISA, which are associated with various requirements for the creation of jobs, Trump explained that no such conditions are required for the Gold Card-at least not specified accordingly. While in the past only about 8,000 people used the possibility of the EB-5 visa in one year, the new concept could have far more effects. According to the Congressional Research Service, the previous visa programs contain fraud risks that Trump wants to combat with its new measure. And while other countries already offer similar “golden visa” programs, the USA could set a new standard with the Gold Card.as reported by Krone and AP News Could promote stability of the United States.
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