Salestorrs
Salestorrs
February 27, 2025 at 12:21 PM
*_Salestorrs_*, US citizenship may soon carry a $5 million price tag if Trump administration's gold card plans receive Congress and Senate approval. The EB-5 visa introduced by the Congress in 1990, allows foreigners to invest $800,000-1 million in incorporating a company in the US and employing at least 10 people. However, the EB-5 visas carry the risk of fraud and difficulty in verifying the source of funds. The Trump administration plans to introduce the ‘gold card’ to replace EB-5 within two weeks. It is a green card offering permanent legal residency, or US citizenship, and cancels any taxes on foreign income earned outside the US. But why the $5 million price tag? Find out in today's *SalestorrsNews150* _News in 150 words._ https://www.salestors.com/news/trump%E2%80%99s-%245-million-gold-card-may-replace-eb-5-visa-
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