Highlights: US Gold Cards priced at $ 5 million each being issued daily
- The newly launched US Gold Card is priced at $ 5 million each.
- The US Commerce Secretary reported around 1000 Gold Cards being sold in a day.
- The US Gold card launched by Trump offers permanent residency to foreign investors.
- The Gold Card will replace the old EB-5 Visa, which was a pathway to US citizenship via investment.
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US Gold Cards to raise economic gains of the country
According to recent reports by the US Commerce Secretary Howard Lutnick, the US issued around 1000 Gold Cards in a day, marking a major milestone. Each US Gold card offers US citizenship to foreign investors willing to invest a minimum of $5 million in the US.
With 1000 Gold Cards being sold at $5 million each, the US economy has had a major boost of around $5 billion, accounting for the first success of the programme. The country is aiming to sell one million cards to wealthy foreign investors which would mean an economic gain of around $5 trillion.
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USA plans to issue Gold cards and Green cards
Key benefits of the US Gold Card
The recently-launched US Gold Card offers the following benefits to the holders:
- Unlimited right of residence without any restrictions on living, working, or studying in the US
- A pathway towards US Citizenship, which Trump refers to as “privileges plus”
- Migrate to the US and live with your family
- No need for creating jobs, unlike the EB-5 visa
- More secure way of obtaining US citizenship
The US Gold Card has replaced the 35-year-old EB-5 program, which issued residency rights to investors willing to spend $1 million on a US business that could create at least 10 jobs. President Trump has characterized the EB-5 program as fraud and includes concerns over verifying the legal source of investment funds and has therefore replaced it with Gold Cards.
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