Immigration lawyers have warned clients that the Trump administration’s efforts to create a bizarre $5 million “Gold Card” visa for wealthy foreigners may well be illegal and would face significant hurdles if forced into law.
“There’s no lawful basis to do this, and if they do it anyway, they’re going to get sued, and they’re almost certainly going to lose,” Doug Rand, a former Citizenship and Immigration Services adviser under President Joe Biden, told the Washington Post Monday.
Resident-by-investment programs, otherwise known as “Golden Visas,” aren’t uncommon among other nations around the world, typically granting the right to live and work in exchange for a significant injection of capital into a country’s real estate or business sectors, or the purchase of government bonds.
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https://www.yahoo.com/news/lawyers-warn-wealthy-clients-not-135349658.html
