What is the Gold Card Visa Programme?
Former U.S. President Donald Trump has launched a new visa plan called the Gold Card Visa Programme. This scheme is for rich foreign nationals who want to live in the United States. By investing $5 million, they can get permanent residency (like a green card) and a chance to become a U.S. citizen in the future.
Trump announced this programme during the ‘Building the Future’ event in Washington, D.C. It is being introduced as a replacement for the current EB-5 Investor Visa.
Benefits of the Gold Card Visa Programme
- Get U.S. permanent residency by investing $5 million
- A faster and simpler process than the old EB-5 visa
- A chance to become a U.S. citizen in the future
- Designed to bring foreign investment and boost the U.S. economy
Gold Card Visa Application Process
To apply for the Gold Card Visa, interested people can visit the official website trumpcard.gov. This website has all the details about how to register and what documents are needed. There is already a lot of interest, especially from investors in the Middle East.
Is the Gold Card Visa Legal?
Some people are questioning whether this new visa programme is legal. They say that only Congress can make big changes to immigration laws. However, the Trump team believes that the programme is legal and can help reduce the U.S. national debt, which is now over $36 trillion.
What is the EB-5 Investor Visa Programme?
The EB-5 Visa Programme was started in 1990 by Congress. It lets foreign investors get a green card if they.
- Invest at least $800,000 to $1.05 million
- Create 10 full-time jobs for American workers
Now, some experts are worried that the new Gold Card Visa might hurt the EB-5 programme. That’s because the $5 million requirement is much higher and may stop smaller investors from applying.
Will the EB-5 Visa Still Continue?
Yes, the EB-5 Visa Programme is still active. In 2022, President Joe Biden signed the EB-5 Reform and Integrity Act, which keeps the programme running until 2027. This law also protects people who already applied through EB-5. Any big change to the EB-5 programme will need new laws passed by Congress.