Donald Trump announced a new visa program called the 'gold card' that would allow wealthy foreigners to obtain U.S. residency by paying approximately $5 million. This initiative is set to replace the existing EB-5 immigrant investor visa program, aiming to attract affluent individuals and their investments to boost the economy. Trump suggested that the program could also include Russian oligarchs, which raised questions about eligibility and scrutiny. While the new program promises extensive vetting of applicants, it faces potential challenges from the U.S. tax system being unique to citizens.
The proposed gold card would be among the most expensive visa programs in the world, aiming to attract wealthy individuals through a $5 million investment.
Trump stated, 'They'll be wealthy, and they'll be successful, and they'll be spending a lot of money and paying a lot of taxes,' highlighting the economic benefits of the program.
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