Hello, welcome to Business Daily with me Josh Martin. Today, we're looking into the global marketplace for visas.

Obtaining the right to live and work in a new country can be the most consequential experience of your life,

fraught with form-filling, legal fees and many years of uncertainty. But if you have enough money in your bank account,

there's a booming industry set up

to offer residency, even citizenship quickly, in return for your investment.

The monetization of mobility, and countries will make that easier for the wealthy, while those

who don't have those sorts of opportunities are left to scramble and do what they can.

We'll ask what motivates the super-rich to collect residency visas or passports,

like somebody might collect sports cars.

For Hong Kong people, if we want to leave Hong Kong, we don't feel comfortable there anymore.

So where should we go?

And as the Trump White House looks to roll out the red carpet of residency for wealthy foreigners,

we'll ask if he's scaring away exactly the type of people he's trying to entice.

The vast majority of ultra-high net worth individuals that are looking for second permanent residency or citizenship,

they do it for tax reasons. But what we are finding is there

is a small minority who are looking for a safe haven as opposed to a tax haven. Could this be a golden

opportunity for economies large and small to grow? And what risks lie ahead as the number of nations

offering these programs expands? That's all coming up on today's Business Daily.

Migration to the United States has been symbolized by the green card for more than a century,

but U.S. President Donald Trump's latest announcement on visas took a more optimistic tone and a more

eye-catch in color. The gold card, remember the words, the gold card. Somebody said, can we call it the Trump gold card? I said, if it helps, use the name Trump, I'll give you to you for free. While cracking down on undocumented migrants, the White House launched a plan to hand out residency visas to any foreign investors who passed background checks, so long as they paid up. We're going to be putting a price on that card of about $5 million, and that's going to give

you green card privileges plus. It's going to be a route to citizenship, and wealthy people

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