On February 26, US President Donald Trump said that he would open up a new path for foreigners who invest at least US $5 million in projects in the country to obtain residency and eventually become naturalized. Trump said that the so-called ‘gold card’ project will be launched in about two weeks. He also stated that he does not believe the administration needs to obtain approval from Congress regarding this matter. We will start selling gold cards, “Trump said on Tuesday as he signed the executive order accompanied by Commerce Secretary Howard Lutnik. We will price this card at around $5 million and it will have the same treatment as a green card, “he said. Lutnik said that this move may replace the existing EB-5 visa, and he belittled the project as “completely groundless”.
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