The proposal has similarities with European financial investment programs such as Paso in Spain, Greece, Portugal and Ireland among other parts of the world.
The new gold visa has a value of 5 million dollars.
Crh.hoy.com
The American president Donald Trump launched a “golden visa”a residence permit valued at five million dollarswith the aim of attracting great heritage to the United States. Aboard the Air Force One, the Republican leader On Thursday a model showed an image with his face and affirmed to the press that he will be available “In less than two weeks”.
Trump said this new visa, a Premium version of the traditional Green Card (Green Card)will be used to attract job generators and contribute to Reduce the country’s fiscal deficit. In February, he announced that his government estimated place “maybe one million” of visas of this type and did not rule out that even Russian oligarchs can access it.
This new policy is expected to replace the current Visas program for Immigrant Investors EB-5, which has been in force since 1990. The EB-5 visa program was designed to promote foreign investment in areas with economic difficulties. As part of the EB-5, applicants must invest at least 1.05 million dollars and create at least 10 full-time jobs for US workers.
The US president points to the “complete” construction of the wall and a visa system based on merit.
FIELD LIBRARY.
The functions of the Gold Visa
The program is being marketed as a way of attracting rich citizens and “world size” that will contribute to the US economy through investments, employment creation and tax payment. Trump declares that the program will be available for both individuals and companies that wish to invest in the US economy. The Gold Visa will eliminate the job creation requirement and allow wealthy people to directly acquire the residence and, ultimately, citizens.
Other gold visas
Several European countries have launched similar programs in the last decade, with different degrees of success and controversy. Spain, Portugal, Greece and Ireland implemented financial investment plans, normally in the real estate sector or in companies. These programs attracted billions of euros in foreign capital, but also caused unforeseen consequences, such as the increase in the price of housing and concern for money laundering.
Source: Ambito
