The President of the United States, Donald Trump, has announced the creation of "golden visas," a program that will provide permanent residency in the country to immigrants who invest five million dollars in the American economy. This program is expected to be a great success.
The Department of Government Efficiency, led by Elon Musk, is responsible for managing the "golden visas," which will offer benefits similar to those of permanent residents who hold a "green card." This department has been working on the creation of the website and the application process for these visas since last month.
According to sources close to the matter cited by The New York Times, three engineers from the department are coordinating with other agencies to expedite the residency approval process for high-net-worth applicants, reducing the two-week time required for the immigrant screening process.
It is noteworthy that the Department of Government Efficiency, designed to reduce federal spending and streamline government bureaucracy, is now in charge of this "golden visas" program, even though it is not its primary function to generate new revenue for the government.
In presenting the initiative, Trump expressed confidence that it will attract successful and wealthy individuals to the country, who will create jobs, pay taxes, and significantly contribute to the American economy.
