The proposed golden visa, intended to replace the EB-5 investor visa, is set at $5 million, aimed at addressing national debt but may deter global investors due to taxation. Historically, similar programs in the U.K. and Australia saw limited responses, which raises questions about future interest. Experts suggest Americans are as keen to secure international mobility as non-Americans, with many seeking alternative residency options amidst global uncertainties.
"If it's a donation, the interest will be in the very low thousands per year," Surak told Axios.
"People are looking to secure access to the U.S., but U.S. citizens are also looking to hedge their bets and secure a Plan B elsewhere."
"It’s a donation-based model where the money would go straight to the government, potentially helping to reduce the national debt."
"U.S. tax residence significantly less attractive to the global ultra-rich than most other jurisdictions."
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