Golden Visa Programs Attract High-Net-Worth Individuals with Lucrative Investment Offers
The U.S. government is considering a drastic overhaul of its "golden visa" program for high-net-worth individuals, replacing the existing EB-5 program with a $5 million "gold card" that could grant American citizenship. This new proposal aims to attract more foreign investors to the country. The golden visa programs in European Union countries and the Middle East offer residency or citizenship in exchange for significant investments.
- These lucrative investment offers pose a significant risk of corruption, as wealthy individuals with powerful connections may use their resources to manipulate the system.
- Will the U.S. government be able to implement effective measures to prevent the misuse of golden visa programs and ensure that investments are used for the country's benefit?