On Tuesday, US President Donald Trump has the thought of replacing a visa program for foreign investors with a so-called “gold card”, which might be bought for $ 5 million as a approach to American citizenship.
Trump said reporters that he would replace the “EB-5” migrant investor visa program, which enables foreign investors with large sums of cash that create or preserve the US jobs to grow to be constant residents with a so-called “gold card”.
The EB-5 program grants foreigners “green cards” that promise to speculate in US firms.
“We will sell a gold card,” said Trump. “We will set a price for this card of around 5 million US dollars,” he added.
“There will be Green Card privileges and it will be a way to (American) citizenship, and wealthy people would come to our country by buying this card”.
Trump added that Russian oligarchs could qualify for the gold cards in the event that they asked a journalist whether these people were justified. “Yes, possibly. Hey. I know some Russian oligarchs who are very nice people,” he said.
The EB-5 immigrant investor program, managed by the US citizenship and immigration services, was created in 1990 by the Congress to “promote the US economy through jobs and capital investments of foreign investors,” said the USCIS website.
“The EB-5 program … it was stuffed with nonsense, faith and fraud, and it was a approach to get a green card that was a low price. So the president said as a substitute of this sort of ridiculous EB-5 To have this system, we’ll end the EB-5 program.
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