In a significant immigration policy adjustment, U.S. President Donald Trump has declared a new “Gold Card” program enabling immigrants to buy a path to U.S. nationality for $5 million.
The introduction revealed during an Oval Office ceremony with Commerce Secretary Howard Lutnick, is being offered as an option to the existing EB-5 Immigrant Investor Visa scheme.
Table of Contents
Meaning Of The U.S. Gold Card
Based on Trump, the introduced gold card will offer green card liberties while administering a direct path to American citizenship. Trump said, “We will be selling a gold card. It is going to provide you with green card liberties, plus it is going to be a path to citizenship. Wealthy individuals would be coming into our nation by purchasing this card.”
Although particular information has not yet been revealed, Trump stated that additional details concerning the new scheme will be provided within the next two weeks.
Will The Gold Card Replace EB-5?
Commerce Secretary Howard Lutnick pointed out that the gold card could supersede the EB-5 Visa scheme, with finances going directly to the United States authority instead of private investment projects.
“The president said instead of having this kind of ridiculous EB-5 program, we are going to halt the EB-5 program. We are going to replace it with the Trump gold card,”. Stated Lutnick
He emphasized that qualified candidates would still undergo vetting. Still, he proposed that the new system would facilitate the procedure for high-net-worth individuals ready to contribute to the United States economy.
If you enjoy this article, don't miss out on the valuable insights and information available in our other related posts:
- Your Lifestyle And How It Can Affect Life Insurance In The UK
- Indonesia E-VoA Available For 97 Nations Through VFS Global: Full Guide
- Recommendation Letter For Scholarships: What You Need To Know
- Relocating to Canada? Everything You Need to Know
- Germany Visa Processing Time For Skilled Workers Decreased To 2 Weeks
“They can come to America, the president can give them a green card, and they can invest in America. We can use the money to decrease our deficit,” he said.
How The EB-5 Program Operates
Congress developed the EB-5 Immigrant Investor Program in 1990 to facilitate the United States economy by generating employment and enticing capital investments from international investors. It is served by the United States Citizenship and Immigration Services (USCIS).
Under the present EB-5 program, international investors can get permanent residency (green card) if they:
- Invest a minimum of $1.8 million in a United States business in a non-targeted Employment Area (TEA) or a minimum of $800,000 in a TEA project.
- Generate or maintain a minimum of 10 permanent, full-time employment for eligible United States employees.
- Satisfy other regulatory conditions placed by USCIS.
What This Means For Immigration
If executed, the gold card could highlight a significant departure from traditional investor visa guidelines, prioritizing direct reimbursements over employment development. While it could entice ultra-rich people seeking United States citizenship, it also raises questions concerning the accessibility and ethical effects of a pay-to-stay immigration structure.
With further information anticipated, potential investors and immigration professionals will monitor closely how the proposal develops and its prospective effect on United States Immigration guidelines.
