President Trump has introduced a gold card visa program potentially offering permanent residency to those who invest approximately $5 million. This new initiative intends to replace the controversial EB-5 visa, which is designed to stimulate investment in economically distressed areas but has faced scrutiny over associated fraud risks and national security concerns. The eligibility criteria remain unspecified, with speculation that it might attract wealthy individuals, including Russian oligarchs. This proposal mirrors European golden visa systems, which permit residency in exchange for investment yet are increasingly facing local backlash due to perceived criminal exploitation.
President Trump has proposed a new visa program called the gold card, which may lead to permanent residency for those who pay a $5 million fee.
The proposed gold card visa would replace the EB-5 visa aimed at encouraging foreign investment, but some lawmakers criticize the EB-5 for potential national security risks.
European golden visas allow wealthy individuals residency in exchange for investments, but backlash and criminal misuse has led some countries to reconsider their policies.
Dominic Volek highlights that European golden visas are often appealing because residency in the country is not a requirement.
Collection
[
|
...
]