US President, Donald Trump has set the US Citizenship Gold Card Visa at $5m for rich foreigners.
StartSmart Nigeria reports that President Donald Trump has made known his plan to submit a $5 million visa to seduce rich foreigners to America, which he called a “Gold Card.”
This Nigeria news platform understands that foreigners with $5 million can apply to become lawful permanent residents with the gold card and secure their citizenship with it.
Trump said the program would be rolled out in two weeks and would bring in “very high-level people” into the United States.
According to him, the proceeds from the program could help pay down the national deficit.
“It’s going to be a route to citizenship, and wealthy people will be coming into our country by buying this 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,” Trump told reporters at an unrelated event in the Oval Office on Tuesday.
Trump’s Commerce Secretary Howard Lutnick called it the “Trump Gold Card” and said it would effectively replace the current EB-5 immigrant investor visa.
The EB-5 immigrant investor visa program offers US residency to foreigners who invest at least $1.05 million in a new business that creates jobs, or $800,000 if the business is in a rural area, high unemployment area, or an infrastructure project.
Lutnick told reporters the EB-5 program was “full of nonsense, make-believe and fraud.”
He underlined that applicants for the “gold card” would be vetted.
Asked by a reporter whether Russian oligarchs could apply for “gold cards,” Trump said, “Yeah, possibly. Hey, I know some Russian oligarchs that are very nice people.”
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