Highlights: US planning to issue Green Cards and Gold Card
- The US President Trump recently announced to introduce a new ‘Gold Card’ Visa.
- The Gold Card visa is going to be a pathway to US citizenship via investment.
- Foreign investors willing to invest a minimum of USD 5 million can apply for this visa.
- The new visa will replace the EB-5 visa while attracting wealthy investors to settle in the US.
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President Trump’s new Gold Card Visa
In a recent announcement, President Donald Trump announced that the US is planning to launch a new Gold Card visa as a citizenship pathway. The visa would be like a Green card, offering permanent legal residency to foreign investors willing to invest a minimum of USED 5 million.
President Trump hopes that selling 10 million new Gold card visas will reduce the federal deficit. The new visa is also likely to allow talented people to migrate to the US through a pathway laid down by wealthy people.
Foreign Investor Visas
According to Henley and Partners, around 100 countries such as the UK, US, Spain, Malta, Australia, Italy and Canada offer investment visas or “golden visas” to wealthy applicants. Most of these countries offer citizenship in return of the investment made by these investors.
Reports by the Homeland Security Department revealed that the US issued around 8,000 investor visas. Trump commented that the new “Gold card” visa is likely to replace the EB-5 visa program, which reported numerous investment frauds in recent times.
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