US President Donald Trump recently announced a 'Gold Card' visa at an investment of $5 million (₹45 crore), which will provide a path to a green card and citizenship. This new visa will replace the EB-5 program. Know its benefits and impact on Indians.

Trump's 'Gold Card' Visa: America's citizenship for 45 crores.

US President Donald Trump has recently announced a new 'Gold Card' visa program. Under this scheme, interested investors will have to invest $5 million (approximately ₹45 crore), which will give them the opportunity to obtain permanent residence (green card) and citizenship in the US.

What is the Gold Card Visa?

This new visa will replace the existing EB-5 visa program. The EB-5 visa required investors to invest $1.05 million (or $800,000 in some areas) and create at least 10 jobs.

To make the Gold Card visa more attractive, the requirement of job creation has been removed. This visa will also pave the way towards US citizenship along with the facilities of Green Card.

Key Features of Gold Card Visa

• Investment amount: $5 million (₹45 crore).
• Job Creation: No Mandatory.
• Path to Citizenship: The Option to US Citizenship with a Green Card.
• Processing Time: Available in approximately two weeks.

Trump's intentions and economic impact

Trump believes that this program will boost the American economy. They estimate that if 1 million gold cards were sold, it would generate $5 trillion in revenue, which could be used to reduce America's national debt.

He says that These people will be rich, successful and spend a lot of money in America. They will pay a lot of taxes and employ a lot of people.

Opportunity or challenge for Indians?

India is one of the largest migrant sending countries in the world. However, only those Indians who are extremely wealthy can benefit from this scheme.

advantages:

• Easy path to US citizenship.
• There is no obligation for investors to create employment.
• Legal permanent residence and freedom of occupation in the US.

Challenges:

• Big amount of investment ($5 million) not possible for everyone.
• Difficult for Indian professionals and middle class people.
• America's global income tax system, which may lead to higher taxes on income.

Will this plan be successful

Experts believe that due to such a high investment amount, only limited people will show interest in this scheme.

Some analysts say that this scheme will be mainly beneficial for billionaires and big businessmen only. Additionally, the plan could impact other existing immigration programs

conclusion

Trump's 'Gold Card' visa is an interesting initiative, but its success will depend on how many people are willing to invest in the scheme.

This scheme may be attractive for countries like India, but it may be limited only to the super-rich class. Those looking to permanently settle in the US will also need to consider other visa options.