Trump no longer does investment immigration! He directly sells US citizenship gold cards to wealthy people with cash capability

Attention to those who want to immigrate to the United States! The former EB-5 investment immigration program will be abolished by Trump. Now, as long as you have the financial ability, you can directly buy a American citizen gold card to achieve the American dream. President Trump said on Tuesday that he will adopt a new program to replace the controversial EB-5 investment immigration visa program, and the new program will directly sell a $5 million gold card to wealthy individuals who wish to obtain U.S. citizenship.

Trump and Secretary of Commerce Howard Lutnick said that the new plan will be implemented in two weeks, reducing the federal deficit. In addition to allegedly being able to buy a citizen card for 5 million US dollars as an American, he did not reveal more specific details, but those who purchase the gold card will have the rights of green card holders and a "pathway" to citizenship.

Immigration experts doubt whether the Trump administration can implement this reform without congressional approval, but the President insists he can do so unilaterally because the new policy 'does not fulfill civic obligations.' The existing policy allows U.S. green card holders to apply for U.S. citizenship after residing in the U.S. for at least five years, and generally, marrying a U.S. citizen allows one to begin applying for naturalization as a U.S. citizen after three years.

Muzaffar Chishti, a senior fellow at the Immigration Policy Institute, believes that only Congress can end the EB-5 immigrant investor program that Trump and Howard Lutnick want to replace. Trump has cracked down illegal immigration, and now, with his return to the White House, he is more inclined to policies that favor the wealthy.

The US EB-5 investment immigration program has become a way for scam groups to defraud.

The EB-5 Program has been in place since 1990 and has been in existence for more than twenty years. Foreign investors qualify for a green card if they invest $1 million in a new enterprise in the United States or $500,000 in a economically disadvantaged area and create at least ten full-time jobs.

Due to the fact that many Chinese people like to obtain U.S. citizenship through investment, over the years, many investment projects under the guise of EB-5 visa agencies have scammed many Chinese people who want to immigrate to the United States, especially targeting Chinese individuals. Chinese people like to invest in real estate, and there are numerous EB-5 real estate investment immigration projects targeting them. Under the pretext of developing real estate and constructing new buildings, they attract Chinese investors. In the end, not only do the projects fail to materialize as promised, but many turn out to be empty projects. Professional fraud teams use various flashy real estate proposals to lure investors. Since the majority of the victims are Chinese speakers, they often find themselves helpless.

In addition to the common real estate investment projects, EB-5 is also commonly used by some small businesses, the most common being nail salons or Chinese restaurants. As long as they are set up in rural areas in the United States, investing 500,000 can apply for immigration, which is also very popular among Chinese people. Because most of these types of investment immigration require finding "middlemen" across the sea to handle, there are many twists and turns, but many still want to try their luck in the United States.

There are also cases in Taiwan where many doctors complained that they invested 500,000 US dollars in the Flytech Company certified by the Taiwan Immigration Department, thinking they could get a green card and shares of Universal Studios. However, they not only did not get their status, but the investment amount also disappeared. It seems that such intermediary agencies can claim that the funds did not enter their accounts, leading to disputes with investors.

EB-5 will be abolished by Trump. Instead, wealthy individuals can directly buy a U.S. citizenship through a gold card, which seems to immediately cut off the chaos of false investment and real profiteering. However, it appears that the threshold for the average middle class to immigrate to the United States has become higher.

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