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Home » Trump launches a “Gold Card” visa that grants residency for $5 million
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Trump launches a “Gold Card” visa that grants residency for $5 million

adminBy adminFebruary 26, 2025No Comments3 Mins Read0 Views
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The new visa gives you the path to green card privileges and citizenship. “Wealthy people will come to our country,” the president said.

President Donald Trump has announced that his administration will sell so-called gold card visas for $5 million each over the next two weeks.

“It will give you the privilege of a green card, and it will be a path to citizenship, and the wealthy people will come to our country by purchasing this card,” Trump said. He spoke on February 25th.

“They are wealthy, they will be successful, they will spend a lot of money, pay a lot of taxes and hire a lot of people, and we think it will be very successful, And it was done before this thing that never succeeded.”

The president was joined by Secretary of Commerce Howard Lutnick, who explained that the gold card would replace the EB-5 investor visa. According to the US Citizens and Immigration Services, EB-5 provides plans for foreigners to make sufficiently high investments in US commercial businesses and create or store at least 10 full-time jobs. You are allowed to get the following: Qualified US workers.

Lutnick described the EB-5 as “full of nonsense, makeup, fraud and fraud” and got a green card at a very low price.

“Of course they’ll have to go through the screening,” Rutnick said. “We make sure they are great, world class, global citizens. They can come to America, the president can give them green cards, they can invest in America. We can use that money to reduce our deficit.”

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Trump noted that the US has $35 trillion in debt, and that if the country sells 10 million gold cards, that means a total of $50 trillion.

In addition to viewing this as an opportunity to attract wealthy immigrants to countries looking to create jobs, the president said $5 million to allow American companies like Apple to work for certain people. I expect to pay.

“They aren’t citizens, but if they create jobs in the US, they have to pay. They’ll pay full tax just like everyone else,” Trump said, saying he would become a gold card holder. I stated. “So you have big taxpayers, big employment producers, so you can probably sell one million of these cards.

Trump assured members of the press that the gold cards were “completely legal.” He didn’t say whether the administration would limit the number of immigrants that could be admitted by purchasing gold cards, but suggested that the number of cards sold could be millions.

When asked by a reporter whether Russian oligarchs could qualify for the gold card, Trump said that it was possible and said he knew he was “a very nice guy.”

“They may not be as wealthy as they used to be,” he said with a laugh. “I think they can do it. I think they can afford $5 million. ”

Both Trump and Lutnick criticized the idea of ​​a green card lottery, saying this form of access to the country would bring economic benefits.

“Why do we give you a green card lottery?” asked Rutnik. “Why am I giving an EB-5 for my green card? The President (Trump) understands why the correct answer is not to rule out the US deficit instead. ”



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