{"id":1291274,"date":"2025-02-26T10:34:51","date_gmt":"2025-02-26T05:04:51","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1291274"},"modified":"2025-02-28T12:30:40","modified_gmt":"2025-02-28T07:00:40","slug":"trump-plans-gold-card-visa-for-rs-440-crore-can-replace-eb-5-visa","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/trump-plans-gold-card-visa-for-rs-440-crore-can-replace-eb-5-visa\/","title":{"rendered":"Trump Plans Gold Card Visa For Rs 40 Crore: Can Replace EB-5 Visa"},"content":{"rendered":"\n

US President Donald Trump<\/strong> has announced a new immigration initiative<\/strong> that would allow wealthy foreigners<\/strong> to obtain American citizenship<\/strong> by purchasing a “gold card”<\/strong> for $5 million<\/strong>. This program would replace the existing EB-5 immigrant investor visa<\/strong> and is expected to generate significant revenue for the US government<\/strong>.<\/p>\n\n\n\n

\"Trump<\/figure>\n\n\n\n

What is the Trump \u2018Gold Card\u2019?<\/strong><\/h3>\n\n\n\n

The gold card<\/strong> would grant green card privileges<\/strong> and a path to American citizenship<\/strong> for foreign investors. Trump anticipates selling one million of these cards<\/strong>, which could help reduce the national debt<\/strong>.<\/p>\n\n\n\n

\n

“We are going to be selling a gold card\u2026 wealthy people would be coming into our country by buying this card,”<\/strong> Trump stated.<\/p>\n<\/blockquote>\n\n\n\n

While more details will be revealed in two weeks<\/strong>, Trump indicated that Russian oligarchs<\/strong> and other wealthy foreigners might qualify<\/strong>.<\/p>\n\n\n\n

End of the EB-5 Visa Program<\/strong><\/h3>\n\n\n\n

The EB-5 Immigrant Investor Program<\/strong>, launched in 1990<\/strong>, allowed foreigners to obtain green cards<\/strong> by investing in US businesses that create or preserve jobs. However, the Trump administration has criticized it as “full of fraud and make-believe.”<\/strong><\/p>\n\n\n\n

\n

“Rather than having this ridiculous EB-5 program, we’re going to replace it with the Trump gold card,”<\/strong> Commerce Secretary Howard Lutnick<\/strong> explained.<\/p>\n<\/blockquote>\n\n\n\n

Implications of the \u2018Gold Card\u2019 Initiative<\/strong><\/h3>\n\n\n\n
    \n
  1. Increased Foreign Investment:<\/strong> The program could attract high-net-worth individuals<\/strong> looking for US residency<\/strong>.<\/li>\n\n\n\n
  2. Revenue Generation:<\/strong> With each card priced at $5 million<\/strong>, selling one million cards<\/strong> could raise trillions<\/strong> for the US economy.<\/li>\n\n\n\n
  3. Potential Controversy:<\/strong> The plan could face criticism over fairness<\/strong>, as it prioritizes wealthy immigrants<\/strong> over skilled workers.<\/li>\n<\/ol>\n\n\n\n

    Conclusion<\/strong><\/h3>\n\n\n\n

    Trump\u2019s “gold card” initiative<\/strong> aims to reform US immigration policy<\/strong> by attracting wealthy investors<\/strong> while eliminating the EB-5 visa<\/strong>. If implemented, it could transform the landscape of US residency programs<\/strong>, but it may also spark political and ethical debates<\/strong> on who gets to become an American citizen<\/strong>.<\/p>\n\n\n\n

    Image Source<\/a><\/p>\n\n\n\n

    \n","protected":false},"excerpt":{"rendered":"

    US President Donald Trump has announced a new immigration initiative that would allow wealthy foreigners to obtain American citizenship by purchasing a “gold card” for $5 million. This program would replace the existing EB-5 immigrant investor visa and is expected to generate significant revenue for the US government. What is the Trump \u2018Gold Card\u2019? The […]<\/p>\n","protected":false},"author":30,"featured_media":1291281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7172,6438],"class_list":["post-1291274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gold-card-visa","tag-trump"],"acf":[],"yoast_head":"\nTrump Plans Gold Card Visa For Rs 40 Crore: Can Replace EB-5 Visa - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/trump-plans-gold-card-visa-for-rs-440-crore-can-replace-eb-5-visa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Plans Gold Card Visa For Rs 40 Crore: Can Replace EB-5 Visa - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"US President Donald Trump has announced a new immigration initiative that would allow wealthy foreigners to obtain American citizenship by purchasing a “gold card” for $5 million. 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