The United States may soon launch a new Golden Visa Program which among others would help reduce the US national deficit.
The Golden Visa Program would offer residency in exchange for investments of $5 million each, VisaGuide.World reports.
Unfolding the new plan on February 25, the President of the US, Donald Trump said that the Russian oligarchs may also be permitted to benefit from this program.
According to Trump, the new visa, which offers residency in exchange for higher prices compared to the traditional green card, would bring in job creators.
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.
The US President said the new program 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. It’ll be people with money.
The US President said that the sale of such cards would begin in about two weeks, stressing that all applicants for the new gold cards would be carefully vetted.
We’ll be able to sell maybe a million of these cards. We have it all worked out from a legal standpoint.
US Golden Visa May Be Eligible to Russian Oligarchs
When asked if Russia would be able to benefit from this program, the President of the US said that it may be possible, according to Le Monde.
Possibly. I know some Russian oligarchs that are very nice people. It’s possible. They’re not as wealthy as they used to be. I think they can. I think they can afford $5 million.
Due to Russia’s invasion of Ukraine, EU countries imposed harsh sanctions on Russia, among them several European countries offering Golden Visa Programs, and banned Russians from applying.
In response to Russia’s invasion of Ukraine, European countries that run Residency-by-Investment schemes, such as Portugal, Spain, Greece, Malta and Cyprus banned Russians from applying for their Golden Visa Programs.
Recently President Trump talked about ongoing negotiations with Russia to end the war, without the participation of Ukraine.
The US President, Donald Trump, indicated that the new residence permit cards could be named after him.
Somebody said, ‘Can we call it the Trump gold card?’ I said, ‘If it helps, use the name Trump.
At present, several countries offer residency and citizenship programs to wealthy foreign nationals.