With the proposal, US president aims to replace investors visa within two weeks and attract ‘rich and very successful people’ to ‘pay a lot of taxes’
The president of the United States, revealed last Tuesday (26) a new program that introduces the “gold card” of residence, with a cost of $ 5 million. This card will allow buyers to have the possibility of becoming American citizens. Trump Gold Card will work similar to Green Card, replacing the EB-5 visa, which requires a minimum investment of $ 1 million in a company that hires at least 10 employees.
According to Trump, the initiative aims to attract rich and successful individuals who, when settling in the United States, will contribute to their spending, will generate jobs and pay taxes. Trade Secretary Howard Lutnick has announced that the program will start operating in two weeks and will no longer require investors to contribute to companies or create jobs.
The president also pointed out that his government could issue up to 10 million gold cards, which would help to reduce the country’s public debt. He described this new approach as a more sophisticated way of facilitating citizenship for people with resources and skills.
Trump also stated that the implementation of the project does not require the approval of Congress, even if the constitution of attribute to the Legislature the responsibility to regulate the conditions for citizenship. “It’s like a Green Card, but more sophisticated. It’s a path to citizenship for rich people, people with a lot of talent, ”said the president.
*Report produced with the aid of AI
Posted by Victor Oliveira
