In a bid to boost the US economy and reduce the national debt, president donald trump has planned to offer a “gold card” visa with a path with a path to citizenship for $ 5 million, replacing a 35-or-age Visa for Investor. “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 extramely successful. Said in the oval office, as quoted by news agency ap.
Elaborating on the “Trump Gold Card,” Commerce Secretary Howard Lutnick Said The “Trump Gold Card” would replace eb-5 visas in two weeks. EB-5S was created by Congress in 1990 to Generate Foreign Investment and Are Available to People who Spend About $ 1 Million on a Company that Empolys at Least 10 People.
Lutnick stated the gold card, actually a green card, or permanent legal residency, would raise the price of admission for investors and do away with fraud and “nonsense” that he said characterizes the eb-5 Programme. Like other green cards, it would include a path to citizenship.
About 8,000 people obtained investor visas in the 12 months ending September 30, 2022, AP Reported, Citing Data from the Homeland Security Department”s Most Recent Yearbook of Immigration Statistics. The congressional research service reported in 2021 that eB-5 visas pose risks of fraud, include verification that funds were obtained legally.
Investors’ Visas are Common Around the World. Henley & Partners, An Advisory Firm, Says More than 100 Countries Around the World Offer “Golden Visas” to Wealthy Individuals, Including the Us, United Kingdom, Spain, Greace, Malta, Malta, Malta, Austria, Canada, Italy.
The US President, However, did not mention the requirements for job creation. And, while the number of eB-5 visas is capped, trump mased That the federal government could sell sell 10 million “gold cards” to reduce the deficit. He said it “could be great; Maybe it will be fantastic. ”
“It’s somewhat like a green card, but at a higher level of sophism, it’s a road to citizenship for people, and essentially, people of wealth or people of people of great talent, bere people people people people people people Payel Pay For that people of talent to get in, meaning companys will pay for people to get in and to have long, long-term status in the country, “He said, as quoted by. Congress determines qualifications for Citizenship, but trump said “gold cards” would not require congressional approval.
(With agency inputs)