WASHINGTON, Feb 26 (Reuters): US President Donald Trump on Tuesday floated the idea of replacing a visa programme for foreign investors with a so-called "gold card" that could be bought for $5.0 million as a route to American citizenship.
Trump told reporters he will replace the "EB-5" immigrant investor visa programme, which allows foreign investors of large sums of money that create or preserve US jobs to become permanent residents, with a so-called "gold card."
The EB-5 programme grants "green cards" to foreigners promising to invest in US businesses. "We are going to be selling a gold card," Trump said. "We are going to be putting a price on that card of about $5 million," he added.
"It's going to give you green card privileges plus its going to be a route to (American) citizenship, and wealthy people would be coming into our country by buying this card," Trump said, adding that details about the scheme will come out in two weeks.
Meanwhile, the Trump administration is creating a registry for all people who are in the United States illegally, and those who don't self-report could face fines or prosecution, immigration officials announced Tuesday.
Everyone who is in the U.S. illegally must register, give fingerprints and provide an address, the Department of Homeland Security said in a statement.
© 2025 - All Rights with The Financial Express
