On Tuesday, President Donald Trump of the United States revealed his intention to introduce ‘Gold Card’ residency permits, which would provide immigrants with a route to American citizenship. He indicated that the Gold Card may serve as a replacement for the EB-5 immigrant investor visa program in the near future. The EB-5 visa presently represents one of the most straightforward pathways to permanent residency in the United States, allowing foreign nationals to obtain a Green Card through investments in American businesses.
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Several months following the termination of the US birthright citizenship policy by Donald Trump, the EB-5 visa program has become an appealing alternative for many Indians, particularly those holding H-1B visas. The Trump administration is set to propose the Gold Card as a substitute for the EB-5 visa. It is important to examine the potential effects this may have on Indian nationals. The Gold Card visa is expected to be priced at approximately $5 million and will be limited to affluent individuals. Consequently, numerous high-net-worth individuals from India who are eligible for EB-5 visas to obtain US green cards may find it challenging to satisfy the more stringent $5 million requirement associated with the US Gold Card.
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