Breaking news

Trump Proposes $5 Million ‘Gold Card’ To Fast-Track U.S. Citizenship

by THEFUTURE.TEAM

February 26, 2025

In a provocative twist on traditional immigration policies, President Donald Trump unveiled plans to replace the existing EB-5 investor visa program with a streamlined “gold card” system, priced at around $5 million. The proposal, aimed squarely at high-net-worth individuals, promises a direct route to American citizenship while injecting fresh capital into the U.S. economy.

A Radical Reboot Of The EB-5 Program

Under the current EB-5 framework, foreign investors who commit significant funds to U.S. businesses that create or preserve jobs can secure a green card. However, Trump dismisses the existing system as “full of nonsense, make-believe, and fraud.” Instead, his administration envisions a simplified process: by purchasing a gold card for $5 million, investors would immediately gain green card privileges with a pathway to citizenship. Commerce Secretary Howard Lutnick emphasized the urgency of this overhaul, arguing that the outdated EB-5 program no longer meets the needs of a dynamic global market.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Targeting The Global Elite

Trump’s proposal is designed to lure affluent individuals into the U.S. market. “We’re going to be selling a gold card,” he declared, highlighting the program’s potential to attract wealthy investors looking for a hassle-free means of obtaining U.S. citizenship. When questioned about eligibility, Trump even suggested that certain Russian oligarchs might qualify, adding a touch of his characteristic candor to the discussion.

Implications For U.S. Economic Policy

The gold card initiative is more than just a change in immigration policy; it represents a strategic pivot toward attracting foreign capital through direct investment. By offering a clear and efficient pathway to citizenship, the administration hopes to foster a business-friendly environment that not only bolsters job creation but also reinforces America’s competitive edge on the global stage.

As details of the proposal are expected to emerge over the coming weeks, the nation watches closely. Whether this bold experiment will redefine American immigration policy or spark further debate remains to be seen. One thing is certain: Trump’s gold card plan is set to shake up the conventional wisdom of how foreign investment and citizenship converge in the United States.

The Future Forbes Realty Global Properties

Electric Vehicle Subsidies in Cyprus: Urgent Calls for Government Action

by News Editor

May 9, 2025

The Motor Vehicle Importers and Electric Vehicle Association (Semio) has urgently called upon the Transport Ministry for immediate action concerning the ongoing hurdles with electric vehicle (EV) subsidies in Cyprus.

Semio expresses its concern, warning that any further delays could exacerbate financial strain on its members and heighten consumer dissatisfaction. A formal meeting with the Transport Minister is on the agenda to clarify the government’s position on the subsidy program.

Uncertainties and Impacts

The sudden stop of the EV grant scheme has stirred worry among car importers and potential buyers, leaving stockpiles of electric vehicles in limbo. This unexpected pause in government-backed support has echoed across the industry, with numerous consumer complaints surfacing.

Amid these events, there’s also the broader backdrop of the Cyprus government’s decision to reallocate funds within the national Recovery and Resilience Plan (RRP), aiming to stay aligned with EU financing requirements.

A Call for Dialogue

Despite the ministry’s assurances of pursuing additional funding and maintaining alignment with national energy objectives, Semio criticizes the lack of communication and urges consultation before implementing changes.

On a related note, Cyprus faces challenges in achieving its ambitious EU-mandated goal of registering 80,000 electric vehicles by 2030. The road ahead appears daunting unless a cohesive strategy is adopted.