The proposal faces dubious legal prospects but could bring substantial wealth into the country, even if not on the scale the administration envisions.

President Donald Trump has proposed a $5 million “Gold Card” visa to replace the EB-5 program, sparking debate over its prioritization of wealth over merit. The plan offers wealthy individuals expedited residency and citizenship.

A $5M ticket to U.S. citizenship will lure the same kind of shady individuals who pounced on the chance for EU citizenship.

The post Trump Plans To Welcome Oligarchs With $5 Million Gold Card Visas—Here's Where They Could Live Among Other Millionaire Migrants appeared first on Real Estate News & Insights | realtor.com®.

In two weeks, President Trump plans to start selling an American citizenship “gold card” for “about $5 million.” A magician never shares his secrets, but this offers a chance to peel back the curtain on a classic trick where any outcome is a win — in this case, on his signature issue of immigration.

President Trump touted his new gold card—for wealthy foreigners who want U.S. resident status in exchange for $5 million. “It’s like a green card but better, more sophisticated,” he said. Trump played salesman-in-chief saying the new immigration program “goes on sale very,

President Donald Trump has said he does not need Congress to create so-called gold cards to offer foreign nationals a path to citizenship at the price of $5 million, but immigration policy experts and some Republican lawmakers cast doubt that a president could implement such a plan alone.