INSUBCONTINENT EXCLUSIVE:
announced during a press briefing in the Oval Office, offers wealthy foreigners a direct path to U.S
permanent residency and eventual citizenship
The initiative aims to replace the EB-5 Immigrant Investor Program, which has been in place since 1990.The gold card visa dramatically
million directly to the U.S
government.Commerce Secretary Howard Lutnick emphasized that the new program would address fraud and inefficiencies associated with EB-5
(Photo InternetTrump claimed this initiative could help reduce the national debt, envisioning scenarios where millions of gold cards are
He suggested that selling one million cards could generate $5 trillion, with potential for even higher figures if demand grows.The funds
Trump also hinted at expanding eligibility to include talented individuals sponsored by companies, creating a system where wealthy
applicants subsidize skilled immigrants.A Controversial Golden Visa ProgramGolden visa programs like this are not new globally
Over 100 countries offer similar schemes, including Portugal and Greece, which require real estate investments or contributions to local
Critics argue that such initiatives prioritize wealth over merit and raise ethical concerns about selling residency rights.Questions also
linger about whether Russian oligarchs or other controversial figures could qualify under this program
Trump acknowledged this possibility but dismissed concerns by stating that applicants would undergo thorough vetting.While proponents tout
its economic potential, opponents warn of its social and ethical implications
Whether Congress will approve full citizenship rights for gold card holders remains uncertain
This sets the stage for heated debates over immigration policy and economic priorities in the coming weeks.
