Sentinel Digital Desk
Former U.S. President Donald Trump is planning to introduce a "gold card" program that would allow wealthy immigrants to buy U.S. residency and citizenship for $5 million.
The proposed "gold card" would replace the current EB-5 Immigrant Investor Program, which grants green cards to foreigners who invest in U.S. businesses that create jobs.
Trump predicts that selling one million "gold cards" could help reduce the U.S. national debt, making it a significant economic initiative.
When asked if Russian oligarchs could be eligible, Trump said it was possible. More details about the program are expected in two weeks.
What is the EB-5 Program?
The EB-5 program, created in 1990, allows foreign investors to get green cards by investing in U.S. businesses that generate jobs, as per the U.S. Citizenship and Immigration Services (USCIS).