The United States’ $5 million Gold Card, which offers a residency permit and simplifies the citizenship process, will be rolled out within a week and a half.

US Commerce Secretary Howard Lutnick indicated yesterday at the White House during a cabinet meeting chaired by President Donald Trump.

The Gold Card, which the Trump administration says will boost job creation and reduce the deficit, offers wealthy investors a fast-track pathway to becoming U.S. citizens.

Priced at $5 million, the programme is set to replace the EB-5 immigrant investor visa scheme, which was created in 1990 as a route for immigrants to obtain green cards.

Under the EB-5, an individual must invest at least $1 million in a company – or $800,000 in a low-income area – employing a minimum of 10 people.

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