Trump announces $5 million ‘gold card’ visa to attract rich immigrants

Trump announces $5 million ‘gold card’ visa to attract rich immigrants

 US President Donald Trump unveiled plans Tuesday to sell new
“gold card” residency permits for a price of $5 million each — and said Russian
oligarchs may be eligible.

 

Trump said sales of the new visa, a high-price version of
the traditional green card, would bring in job creators and could be used to
reduce the US national deficit.

 

“We’re going to be selling a gold card. You have a green
card, this is a gold card. We’re going to be putting a price on that card of
about $5 million,” Trump told reporters in the Oval Office.

 

The Republican president, who has made the deportation of
millions of undocumented migrants a priority of his second term, said the new
card would be a route to highly prized US citizenship.

 

“A lot of people are going to want to be in this country,
and they’ll be able to work and provide jobs and build companies,” Trump said.
“It’ll be people with money.”

 

Sales of the cards would start in about two weeks, Trump
added.

 

“We’ll be able to sell maybe a million of these cards. We
have it all worked out from a legal standpoint,” Trump added.

 

The billionaire former real estate tycoon said that all
applicants for the new gold cards would be carefully vetted.

 

But asked if wealthy Russians would also be able to apply,
Trump said it was a possibility.

 

“Possibly. I know some Russian oligarchs that are very nice
people. It’s possible,” Trump said. “They’re not as wealthy as they used to be.
I think they can. I think they can afford $5 million.”

 

A number of Russian oligarchs have been hit by western
sanctions since Moscow’s invasion of Ukraine three years ago.

 

Trump has caused shock in European capitals by suddenly
opening negotiations with Russia to end the war, amid fears that he could be
willing to sell Ukraine short.

 

The US president told reporters that lifting sanctions on
Russia was possible “at some point” but was not currently on the table.

 

US Commerce Secretary Howard Lutnick, standing at Trump’s
side in the Oval Office, said of the gold cards that “we can use that money to
reduce our deficit.”

 

Trump, who has branded a series of hotels and casinos in a
long business career, even suggested the new cards could also be named after
him.

 

“Somebody said, ‘Can we call it the Trump gold card?’ I
said, ‘If it helps, use the name Trump,'” he said.

 

AFP

Source: Trump announces $5 million ‘gold card’ visa to attract rich immigrants

 - NigerianEye
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