Donald Trump has launched the Trump Gold Card for $1 million, which opens the way to Green Card-like rights and US citizenship. This program is designed for investors. An inflow of billions of dollars has been claimed for the Trump government. Know the complete process.
New Delhi. US President Donald Trump has launched a new ‘Trump Gold Card’ visa program, the price of which has been fixed at $ 1 million (about Rs 8.97 crore) for individuals and $ 2 million for companies. This card will give holders green card-like rights and allow them to live, study and work in the US for a long period of time. Trump claimed that the scheme would bring billions of dollars to the US government and attract high-net-worth investors from around the world. This program is being considered a big opportunity for Indians who earlier had to go through the long and complicated process of getting a Green Card.
What was the price of Green Cord earlier?
This card is not just a visa, but is being said to be a shortcut to go directly towards US citizenship. Earlier in February, its price was fixed at $5 million, but later it was reduced to $1 million. Trump said during the launching that this card will be very beneficial for the American government. In his words: “All the money will go to the US government. This will fill the government treasury with billions of dollars. We will be able to bring the best people from the world to America.” Now the question is, what is this gold card, what are its benefits, and why is this a big news for Indians?
Read the complete information below in very simple language…
Can one get US Citizenship by paying just 1 million dollars?
The Trump Gold Card is a visa/residency program that allows people to live, study, work in the United States, and eventually become a US citizen. This program is especially for those who have a strong financial position – such as investors, businessmen or high-net-worth individuals.
Why is the Trump Gold Card so special?
Till now, there are several visa programs for living in America – EB-1, EB-2, EB-3, EB-4 and EB-5. Of these, the EB-5 visa is the most popular among investors because:
- There is no need for an employer in this.
- You can live anywhere in America.
- There is no restriction on work, study and business.
- And it gets processed in 4–6 months.
Trump Gold Card also provides almost similar facilities, but it is being told that it is an easier way than before.
Is Gold Card different from Green Card?
The process of getting a green card is long and sometimes difficult.
Many Indians have to wait for 10–15 years. But in Gold Card:
- Less paperwork.
- Less wait time.
- Investment amount fixed.
- And greater chances of citizenship.
This is the reason why it is being called an easy version of Green Card.
Why is the amount of 1 million dollars necessary?
- America has long been running such visa programs whose purpose is to bring foreign investment.
- Visas like EB-5 and EB-4 require that the individual invest $1 million in a business, and that business create at least 10 jobs.
- Trump’s gold card is also based on this model.
- The only difference is that in this card the process is claimed to be easier and faster.
Will Indians get big benefits?
India is among the countries from where the maximum number of people apply for US Green Card.
In 2022:
- Mexico: 1.38 lakh
- India: 1.27 lakh
- China: 68 thousand
- Dominican Republic: 40 thousand
- Cuba: 36 thousand
Due to this huge crowd, Indians often have to wait for a long time.
But Gold Card:
- Easy
- Quick
- without long queues
- and direct investment based
Therefore, this is being considered a big opportunity for Indian investors and rich families.
Will the government really make billions of dollars?
Trump claims that launching the Gold Card will:
- Large scale investment will come to America.
- Employment will increase.
- And the government treasury will be filled rapidly.
If even 10,000 people take this card, there can be a direct inflow of at least 10 billion dollars to the government.
Is this a move like selling American citizenship?
Many people are calling it “Citizenship for Sale”. Some experts say that this will make it easier for rich foreigners to enter America. However, Trump says this will attract America’s “best talent and big investors”. The country’s economy will be strong.
Are such gold visas available in India also?
Yes. Many countries like:
- America
- Canada
- portugal
- UAE
- Australia
- England
Already run Gold Visa or Investment Based Visa.
Is the Trump Gold Card really a game changer?
The Trump Gold Card is a major step forward that will allow America to:
- Will attract investors.
- Will reduce the burden of green card.
- And will open the way for granting citizenship through faster processing.
- Especially for Indians, this card is emerging as a possibility for fast and easy US citizenship.