What is the USA Golden Card Visa? Read how to get it.

President Trump is set to collect five times more money in exchange for American citizenship. On Tuesday, he announced a new visa program called the “Gold Card,” which can be purchased for $5 million (44 crore Indian Rupees). Trump described it as a path to American citizenship.

Trump referred to the “Gold Card” as an alternative to the EB-5 visa program, stating that 1 million Gold Cards will be sold in the future. Currently, the EB-5 visa program is the easiest way to obtain U.S. citizenship, requiring a payment of $1 million (approximately 8.75 crore Rupees).

Trump stated that this visa card will open the door to American citizenship. People will buy it, come to America, and pay a lot of taxes here. He claimed that the program would be highly successful and help pay off national debt quickly. Special rights, similar to a green card, will also be granted.

While signing an executive order related to the visa program on Tuesday, Trump mentioned that the Gold Visa Card will grant citizens special rights similar to a Green Card. He said the program is expected to launch within two weeks, with more details coming soon.

Meanwhile, Commerce Secretary Howard Lutnick, who was present with Trump, mentioned that the new visa program would increase investment in the country, reduce EB-5-related fraud, and bring more control over bureaucracy.

Trump will replace a 35-year-old system. A Green Card is required for permanent residency in the United States, and there are EB-1, EB-2, EB-3, and EB-4 visa programs, with EB-5 being the best. The EB-5 visa has been in effect since 1990, allowing individuals to live, work, or study anywhere in the U.S. without being tied to an employer. It takes 4 to 6 months to obtain this visa.

The EB-4 visa program aims to attract foreign investment. In this program, people must invest $1 million in a business that creates at least 10 jobs. This visa grants U.S. permanent citizenship to the investor, their spouse, and any children under the age of 21.

Impact on Indians: According to reports, the “Trump Visa Program” may prove to be very expensive for Indians who were relying on the EB-5 program to obtain U.S. citizenship. The end of the EB-5 program could also negatively affect skilled Indian professionals who are stuck in long green card backlogs.

Under the employment-based Green Card series, Indian applicants already have to wait decades. With the introduction of the Gold Card, the immigration system may become even more challenging for those who cannot afford the high cost.

Source: DivyaBhaskar