President Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.

President Donald Trump said he is starting a program which would offer residency and a path to citizenship for investors who commit at least $5 million to projects in the US.

Trump said the program, dubbed the “gold card,” would launch in two weeks, adding that he did not believe his administration needed to secure approval from Congress.

“We’re going to be selling a gold card,” Trump said Tuesday in the Oval Office as he signed executive orders alongside Commerce Secretary Howard Lutnick.

“We’re going to be putting a price on that card of about $5 million, and that’s going to give you green card privileges,” he added, referencing the permits currently issued to US permanent residents.

MBFC
Archive

  • AllNewTypeFace@leminal.space
    10·
    11 hours ago

    Do the super-rich have a hard time moving to the US as is? Given how many multimillionaires end up becoming US citizens, I’d have thought that it was doable if expensive, with most of the hassle easily outsourced to highly-paid specialist lawyers.

    • adarzaEnglish
      7·
      10 hours ago

      this is for those with the cash but not the background history to get in otherwise.

    • Snot Flickerman@lemmy.blahaj.zoneEnglish
      4·
      11 hours ago

      Yeah, that’s my takeaway, too. This almost seems more like a threat to the wealthy who want to come here that they better pony up some dough.