U.S.
President Donald Trump on Tuesday floated the concept of changing a visa program for foreign investors with a so-called gold card that might be bought for $5 million as a route to American citizenship.Trump told press reporters he will change the EB-5 immigrant financier visa program, which permits foreign financiers of large amounts of cash that produce or preserve U.S.
jobs to end up being irreversible citizens, with a so-called gold card.The EB-5 program grants permits to immigrants promising to invest in U.S.
businesses.We are going to be selling a gold card, Trump said.
We are going to be putting a rate on that card of about $5 million, he added.Its going to give you green card privileges plus its going to be a route to (American) citizenship, and rich people would be entering into our country by buying this card, Trump said, including that details about the scheme will come out in 2 weeks.Trump included it is possible Russian oligarchs could qualify for the gold cards, when asked by a journalist if those people would be qualified.
Yeah, potentially.
Hey.
I understand some Russian oligarchs that are very nice people, he said.The EB-5 Immigrant Investor Program, administered by the U.S.
Citizenship and Immigration Services, was produced by Congress in 1990 to stimulate the U.S.
economy through task creation and capital expense by foreign investors, according to the USCIS website.The EB-5 program ...
it had plenty of nonsense, pretend and fraud, and it was a way to get a green card that was low price.
The president said, rather than having this sort of absurd EB-5 program, were going to end the EB-5 program.
Were going to replace it with the Trump gold card, Commerce Secretary Howard Lutnick told reporters on Tuesday.Source: Reuters-- Agencies