Reinhard von Hennigs explains President Trump's proposal to replace the EB 5 program with a new 'gold card' initiative aimed at high-net-worth individuals. The "Gold Card", requiring a $5 million investment, seeks to streamline the U.S. residency process for investors and excludes foreign income from U.S. taxation, unlike the current green card system. This initiative aligns with investment programs in countries like Singapore and New Zealand, intended to boost the local economy. However, the "Gold Card's" implementation would require congressional approval due to significant changes in immigration and tax laws, potentially leading to legal challenges.
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