TRUMP GOVERNMENT MAY REPLACE EB-5 PROGRAMME AND BRING GOLD CARD VISA, NEW IMMIGRATION, HOWEVER ACT OF PARLIAMENT TO TAKE EFFECT.

Trump Government is going to issue a route of citizenship, and the wealthy people would be coming in (American) by buying the Gold card and the details of the said scheme would come out in two weeks. It is a somewhat like green card and road to the Citizenship for people and essentially people of wealth and great talent, where people of wealth pay for those, people of talent to get in, and to have long term status in the country. They shall be wealthy and they shall be spending a lot of money and paying a lot of taxes and employing a lot of people. The gold card as such is a green card in the actual, would replace the 35 years old EB -5 programme within two weeks. Currently, over 100 countries including Spain, Greece, Malta, Australia, Canada and Italy, offer such golden visas to wealthy applicants and Trump's plan comes at a time when the European Union is putting pressure on its members to withdraw or tighten such residency-by- investment programmes, which are said to bring marginal benefits to GDP, while increasing the risk of tax evasion. The basic difference between two visa programmes seems to be on job creation, while EB-5 mandates ten local jobs to be created and application is approved only once that condition is fulfilled, the new programme is merely about the investment amount-- it is directly in terms of purchasing of property or acquisition for buying of shares. While the EB-5 is a complex process, a gold card would be a simple, direct process but the details are still awaited. In 2021 , a congressional Research service report had warned a fraud risks in the EB-5 programme, including concerns over verifying the source of investment funds. Consequently the programme was reformed in 2023 , with mandatory background checks on the source of funding.