$ 5 million Trump Cards deals with legal challenges, a limited market

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President Donald Trump$ 5 million Trump Card He has attracted great interest from foreign rich, but faces legal challenges and questions about market size, according to immigration lawyers.

Trump put the website in June to his new immigration plan in June, called the “Golden Card” first called “Trump Card”. Short questionnaires to their name, email, region, and region and trumpet card “auto”, whether it would be “family”, “spouse” or “for” others “or” to “others”.

The Secretary of Commerce Howard Lutnick said that 70,000 people signed up and the card was carried out with real gold. In March he said the card market potential was 37 million. Selling 200,000 cards said it would be a $ 1 trillion network for the treasure and would help pay federal debt.

Trump cards allowed investment or “Gold” visas Multi-market, the rich allowing residence or citizenship Another country six figures or seven-digit investment in exchange. The 142 billion record will go to another country this year, depending on Henley & Partners, driven by political incidents and distress. The UK is expected to lose 16.5 billion million, according to Henley due to change in the tax program. UAE, the biggest profit, is set to add 9,800 million net networks, the US is expected to win 7,500 clean.

The Trump Card will also arrive by many countries, including Spain, Portugal and Italy, are tightening their investment visa programs between populist opposition and political backage.

However, in conversations with immigration lawyers, the wealthy and political workers participating in the program told the Trump Cards to deal with basic legal and tax barriers. Although it is even accepted and eventually offered, the number of buyers is likely to have a part of what the White House suggested and after the initial explosion of buyers.

“It has announced once a week to announce that they finally take steps to take steps,” Dominic Voles advise wealthy heads, visas and passports in the group of private customers teams in Henley & Partners. “But there are still many questions in terms of what has been successful at the end of the day.”

Recent question centers on demand. While Lutnick had 70,000 registrations that sales can have sales, anyone can register for more information on the website, regardless of. Immigration lawyers, family offices, bankers, wealth managers and all the ways to develop richly said they signed up for the Trump Card for their potential customers.

“I submitted two registrations, so I can have more details when available,” Theda Fisher said, the rich customers advice on Theda Fisher.

The external population of the US deserves $ 30 million – Visa is a sensible cut for $ 5 million, it is about 276,000, depending on the latest numbers of the Altrata data company.

Immigration lawyers said the biggest order will come from China and will come from the Middle East. China costs 46,000, about $ 30 million (worth $ 30 million or more), Altrat said, about 19,000 in the Middle East. The Chinese government can limit the number of rich Chinese trading tensions made by the Chinese government who buy a Trump card, the lawyer said.

Volkes applauded the program in the concept, calculated that the Trump card request will be about 2,000 a year.

“I think getting a couple of years,” he said.

Depending on the country, the demand will be the mirror of the current EU-5 program, a long-standing US visa regime, around the applicant’s residence and citizenship path around a million dollars. China dominates the EU-5 program, accounting for a maximum number of two-thirds of the Chinese investors in 2023, according to the data department of the Department of Department. Other EU-5 applicant’s regular pool countries are located in Vietnam, India, Taiwan and South Africa.

Other advisers in Golden Visa said mostly interested from Mexico, the United Kingdom, Russia and Brazil. White house has not said whether the $ 5 million card takes a family or an individual, which could also affect the demand.

The company could be created as the main buyer of Trump card while looking for technological talents around the world. Trump said Apple, for example, would buy Trump cards “many”, according to reports. (Apple didn’t comment).

In the end, the demand will depend on the specific condition of the trumpet card, which are already discussing. Trump and Lutnick said that Trump Cards will replace EB-5, which is supported by the Lobby and Bipartians in Congress. Investments to cultivate employment on employment sites were returned until 2027, so any change or end should be approved in Congress.

“It created the EU-5 program conference, and only Congress can repeal,” American Evidant Investor Alliance, who wants to increase the number of available EU-5 visas available.

Screening and decline remain another open question. Once the US was found, the Russian invasion of Ukrainians have not used the known residence in the non-well-known program (similar to Trump Card), scale back to the program. There is no clear Trump Administration, whether it is fighting on China, would allow Chinese access to the Chinese. The administration also has no commentary on how to project terrorism, organized crime, money to launder or foreign intelligence agencies.

The biggest obstacles of the Trump card, however, involves taxes. US worldwide income taxes and residents should be taxes on world federal income from the US if they are exempt from global income taxes.

Trump confirmed that Trump tickets were exempt, “rich people will enter our town after buying this card” and “paying a lot of taxes” would pay the US and federal taxes that were paid by the US and the federal tax.

Changing the tax code for Trump card holders will need Congress approval and IRS approval, according to tax experts. So far, there is no legislation on the big beautiful bill or other invoices to deal with change.

It could also lead to a unprecedented tax exemption. The wealthy American, for example, have a double citizenship in another country, refused to US citizenship, buy Trump Card and restore access to the US without global income tax.

The administration is also still exempt from the Trump card holders from goods and gift taxes, usually more important and more expensive than income taxes.

“We have a lot of questions, how tax charges will be treated, exempting global income tax, exempting implications for real estate taxes and the duration of the ability to enter a donation,” Fisher said. “Therefore, most of our clients do not register and seek and see. This program will not apply to the long-term tax and property perspective.