New ‘Gold Card’ Visa Proposed by Trump with $5 Million Price Tag for U.S. Citizenship
U.S. President Donald Trump introduced his proposed visa program known as the “Gold Card” to provide advanced immigration opportunities for worldwide wealthy individuals seeking American citizenship. A New Gold Card will remove current EB-5 immigrant investor visas as Indian investors choose this American residency option.
The introduction of the Gold Card system occurs within a period where U.S. immigration policy remains in transition after the Birthright Citizenship policy ended. The proposed $5 million residency permit by Trump will transform how foreign investors can access American residency, particularly among Indian nationals.
Gold Card Visa: A New Path to U.S. Citizenship
Under the Gold Card program, foreign investors can obtain U.S. citizenship by providing a minimum $5 million investment. The proposed substitute plan will take the place of the existing EB-5 program that provides foreign nationals with green cards through investments supporting U.S. job creation.
Trump explained that under the Gold Card system, foreign investors could obtain green card privileges along with direct access to become U.S. citizens. The president stated that this initiative would serve investors with substantial wealth who wanted to support U.S. economic growth. Under the proposed program investors along with their family members can obtain U.S. residency benefits by making financial investments that fuel economic expansion.
Impact on Indian Investors and the EB-5 Program
Indian nationals have identified the EB-5 program as their principal option for obtaining U.S. residency. Through the EB-5 visa Indian high-net-worth investors buy U.S. green cards when they fund significant business ventures across the country. Pursuing the Gold Card offers a substantial entry hurdle to prospective applicants who lack sufficient capital available to meet the $5 million threshold.
The proposed Gold Card visa aims to select exclusive applicants following the success of the EB-5 program which relocated many Indian investors. The higher financial requirements restrict entry to this new scheme exclusively to wealthy individuals and families. Some Indian investors planning immigration might postpone their moves or seek alternative U.S. residency paths due to the implementation of Gold Cards.
Several industry professionals shared worries regarding how the expected fees of the Gold Card visa will affect its potential applicants. Although critics have pointed out exploits in the EB-5 program it still provided entry possibilities for numerous investors. A $5 million Gold Card system threatens to deny entrance to all but individuals having abundant funds.
Trump declared that additional information about the Gold Card visa program will be released during the upcoming weeks. The upcoming visa program designed for affluent business people has not released complete details but will likely provide entry to wealthy individuals and business executives. By implementing this policy the Trump administration intends to boost economic activity through substantial capital investments from wealthy individuals.
