5 hours ago
9
February 27, 2025 | 01:46 pm
TEMPO.CO, Jakarta - U.S. President Donald Trump on Tuesday suggested the possibility of substituting a current visa program for foreign investors with a "gold card" that could be purchased for $5 million, offering a pathway to American citizenship.
Trump intends to replace the current "EB-5" immigrant investor program, which mandates a minimum investment of $800,000 for obtaining permanent residency in the U.S.
Often referred to as "residence by investment" or a "golden visa," such programs enable high net-worth individuals to acquire temporary or permanent residency in a foreign country.
Here is a list of major countries that offer golden visas to attract investments from wealthy individuals:
EUROPEAN UNION
1. Greece - Introduced a program in 2013 that allows foreign individuals to obtain permanent residence permits in Greece.
These permits require a minimum real estate investment of some 250,000 euros ($262,800) and must be renewed every five years.
2. Malta - Grants citizenship to foreign individuals who contribute to the country’s economic development. Requires individuals to contribute at least 600,000 euros for a minimum residence period of 36 months.
3. Italy - The scheme is designed for foreign investors committed to making a significant contribution to the economy, granting them Italian residence and visa-free access to Europe's open-border Schengen Area. Requires a minimum investment ranging from 250,000 to 2 million euros, depending on the risk associated with the investment.
4. Cyprus - Offers golden visas to foreign nationals who have invested a minimum of 300,000 euros.
MIDDLE EAST:
1. United Arab Emirates - Allows foreign nationals to make a minimum investment of 2 million dirhams ($544,602) into the Gulf country and apply for a residence permit, also known as a UAE golden visa.
CARIBBEAN:
1. Dominica - Requires making a minimum economic contribution of $200,000 to the country. In exchange, applicants and their families are granted full citizenship.
2. Grenada - Requires applicants to make a minimum economic contribution of $235,000 to the country. Allows visa holders to travel to Grenada, China, Russia, Singapore, Britain and Europe's Schengen Area, among others.
3. St. Kitts and Nevis - Established in 1984, it requires applicants to make a minimum economic contribution of $250,000 to the country. In exchange, they and their families are granted full citizenship.
4. Saint Lucia - The Citizenship by Investment Program requires applicants to make a minimum economic contribution of $240,000 to the country. In exchange, and subject to a stringent application process and due diligence checks, the applicants and their families are granted full citizenship.
5. Antigua and Barbuda - To qualify for citizenship, the main applicant must be over 18 years of age and have made a minimum contribution of $230,000.
OTHER COUNTRIES:
Thailand - Offers the Thailand Privilege Residence Program which grants applicants the right to residence for up to 20 years and access to privileged services and benefits with a minimum investment of 650,000 baht ($19,299).
Additionally, for a minimum investment of 50,000 baht, it offers the Long Term Residence Program which allows individuals to live and work in the country for up to 10 years with reduced administrative requirements and tax benefits.
Indonesia - Launched a long-term visa scheme in 2024 intended to attract foreign investors, with contributions of up to $10 million giving them a 10-year visa and access to Southeast Asia's largest economy.
Source: Henley & Partners
($1 = 0.9513 euros)
($1 = 3.6724 UAE dirham)
($1 = 33.6800 baht)
REUTERS
Editor's Choice: White House Bars AP, Reuters and Other Media from Covering Trump Cabinet Meeting
Click here to get the latest news updates from Tempo on Google News
Economist Speaks about Tony Blair Joining Danantara Supervisory Board
1 jam lalu
An economist assesses that Tony Blair has the potential to open up greater access to the global investment market, particularly in Europe and the US.
Danantara Establishment Has a Good Intention, Jokowi Says
2 jam lalu
Jokowi praised President Prabowo for establishing Danantara. According to Jokowi, the intention to establish Danantara is very good.
Countries Tell Ukraine 'You Are Not Alone' After UN Adopts Neutral Stance on War
19 jam lalu
Ukraine ambassador asked countries to continue their support for rebuilding Ukraine and seeking accountability for crimes committed since invasion.
Inpex CEO Says Buyers' Interest for Indonesia's Abadi LNG Exceeds Planned Output
19 jam lalu
Inpex owns a 65% stake in the Abadi project in eastern Indonesia.
Indonesia Says Apple Should Soon Be Able to Sell iPhone 16s
21 jam lalu
Apple will soon be able to sell its iPhone 16 phones in Indonesia after the two sides agreed on a number of deals.
Donald Trump to Sell $5 Million 'Gold Card' to Foreigners
23 jam lalu
U.S. President Donald Trump plans to offer a "gold card" that will provide permanent residency to foreigners for a cost of approximately US$5 million.
Ukraine Marks Russia Invasion Anniversary with European Leaders Present, U.S. Absent.
1 hari lalu
Ukraine marked three years of all-out war with Russia, hosting a gathering of European leaders.
Here's the List of Companies Currently Headed by Danantara CIO Pandu Sjahrir
2 hari lalu
Companies currently led by Pandu Sjahrir, who was appointed by President Prabowo Subianto as a leader in Danantara.
Rupiah Closes Stronger at Rp16,278 per US Dollar Amid Danantara Sentiment
2 hari lalu
Despite the launch of Danantara bringing fresh air to the national economy, the rupiah is expected to face volatility shortly.
Danantara Doubts Are Understandable, Prabowo Says
2 hari lalu
Prabowo calls on all parties to oversee the implementation of BPI Danantara.
