Trump rolls out $5 million gold card with his face on it
The card is an upgraded version of the EB-5 visa program, which aims to enable wealthy individuals to gain green card privileges and potential US citizenship
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Bengaluru, 4 April
US President Donald Trump has unveiled his $5
million 'gold card', which offers foreigners a path to US citizenship. Trump
introduced the card while speaking to reporters on Air Force One. The gold-colored card features a photo of Trump
himself taken at the Atlanta courthouse during his election campaign. It has
'Trump Card' written on it.
Trump introduced the concept of the high-end gold
card in February as an upgrade to the existing EB-5 visa scheme. The EB-5
program currently allows foreign nationals to apply for the special visa by
investing more than a million dollars or $800,000 in sectors facing economic
challenges.
"We're going to sell a gold card," Trump
announced at the time. "We're going to put a price tag of about $5 million
on that card and that will give you green card privileges, as well as a path to
citizenship. And rich people will buy this card and come to our country,"
he added.
The proposed visa is intended to close loopholes and prevent fraud, which Trump has claimed is rampant in the EB-5 system. Like other green cards, the gold card would serve as a step toward obtaining US citizenship.
Trump said the visa would attract wealthy individuals who would likely prosper when they arrive, invest heavily, pay substantial taxes and help create jobs across the country.
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