Trump Unveils Gold, Platinum Visas to Cost Up to $5 Million [View all]
President Donald Trump announced a new visa program for the world’s wealthy, a much-anticipated effort to encourage them to immigrate to the US by offering residency permits for a hefty price tag.
“They’re going to spend a lot of money to come in,” Trump told reporters Friday in the Oval Office as he signed the order to create the visa program. “It’s going to raise billions of dollars, billions and billions of dollars, which is going to go to reduce taxes, pay off debt and for other good things.”
Individuals can pay $1 million to receive US residency with the “Trump Gold Card,” following a processing fee and vetting, according to a website announcing the program. A “Platinum Card” will soon be available for $5 million, and allow recipients to “spend up to 270 days in the United States without being subject to U.S. taxes on non-U.S. income.”
Businesses that pay a $2 million fee per employee can receive US residency for an unspecified number of workers, according to the website.
https://finance.yahoo.com/news/trump-unveils-gold-platinum-visas-220205229.html
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