Highlights: U.S. Launches $5 Million 'Trump Card' Visa — New Gateway to American Citizenship?
- The U.S. has introduced the Trump Card visa, a new initiative offering permanent residency to high-value foreign investors.
- Foreign nationals must invest $5 million in the American economy to qualify for this new visa.
- The Trump Card aims to replace the current EB-5 visa program, which requires a lower investment threshold.
- Interested applicants can register their intent to apply through the official portal, trumpcard.gov.
- The program is expected to generate up to $1 trillion in revenue from an estimated 200,000 investors.
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What Is the Trump Card Visa?
The Trump Card visa is a new U.S. residency program that offers Green Cards to wealthy individuals who invest $5 million in the U.S. economy. It's designed to attract high-value investors from around the world and is expected to replace the current EB-5 visa, which requires a much lower investment.
The U.S. government has launched a dedicated portal, called the trumpcard.gov, where interested applicants can register. The card features a gold design with Donald Trump’s image, giving it a bold and premium branding.
While the basic details are available, many specifics like who can apply, how the process will work, and when it will officially begin are still being finalized. However, officials say the program could generate $1 trillion in revenue if 200,000 visas are granted.
This initiative signals a shift in U.S. immigration strategy, focusing more on economic contribution through investment rather than employment or family ties.
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What Indian Investors Should Know About the Trump Card Visa
The Trump Card visa offers a new pathway to U.S. permanent residency for those willing to invest $5 million. While the program has garnered significant attention, it's essential for Indian investors to understand the current status and considerations:
- High Investment Threshold: The required investment is substantially higher than the EB-5 visa, which starts at $800,000.
- Application Process Pending: As of now, only a waitlist is available at trumpcard.gov; full application procedures are yet to be released.
- Regulatory Uncertainty: The program's implementation details, including tax implications and eligibility criteria, are still under discussion.
- Potential Replacement of EB-5: The Trump Card is intended to replace the EB-5 visa, but this change may require congressional approval.
- Expert Consultation Advised: Given the program's evolving nature, consulting with immigration experts is recommended before making investment decisions.
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