Trump Unveils $5 Million 'Gold Card' Visa, Replacing EB-5 Program

Truedeal News Team
Truedeal News Team
2024-03-11·4 min read
Trump Unveils $5 Million 'Gold Card' Visa, Replacing EB-5 Program

Trump's New 'Gold Card' Visa: What You Need to Know

Breaking News

Former President Donald Trump unveiled a new "Gold Card" Visa to replace the old EB-5 investor visa. The program is aimed at high-net-worth immigrants, with a quicker US citizenship route in return for a $5 million investment.

Key Announcement

Trump's Statement

"We're going to be selling a Gold Card. You have a Green Card; this is a Gold Card. The price? Around $5 million."

Program Features

  • Faster path to citizenship
  • Same rights as Green Card
  • Investment requirement: $5 million
  • Targets wealthy investors
  • Impact on Indian Applicants

    Major Changes

  • Investment Increase:
  • - Old EB-5: $1.05 million

    - New Gold Card: $5 million

    - Nearly 5x increase in investment requirement

    Affected Groups

  • H-1B visa holders
  • Middle-range investors
  • Potential EB-5 applicants
  • Alternative Options

  • Other visa categories
  • Investment immigration to other countries
  • Need to reassess immigration strategies
  • Why End the EB-5 Program?

    Issues with Current Program

  • Running since 1990
  • Fraud concerns
  • Program inefficiencies
  • Commerce Secretary Howard Lutnick called it "nonsense"
  • Criticism

  • Too easy to obtain Green Card
  • Lower investment requirements
  • Inadequate oversight
  • Looking Ahead

    Questions Raised

  • Who benefits from this change?
  • Impact on foreign investment
  • Effect on US immigration landscape
  • Next Steps

  • Await official program details
  • Monitor implementation timeline
  • Watch for policy developments
  • Stay Updated

    More information will be available in the coming weeks about:

  • Program implementation
  • Application process
  • Transition from EB-5
  • Specific requirements and benefits
  • Final Thoughts

    This significant change in US investment immigration policy will reshape how wealthy individuals approach US residency and citizenship. Stay tuned for more updates on this developing story.

    #US Immigration#Visa News#Investment Visa#Trump Policy#Immigration Reform#EB-5 Visa#Gold Card
    Truedeal News Team

    Written by Truedeal News Team

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