‘Gold card’ visa … through which the rich will enter America, what is Trump’s intention behind this

Get American citizenship by spending $ 5 million … US President Donald Trump recently announced that he is planning to sell ‘gold cards’ to the rich soon. However, the ‘Gold Card’ will open the way of American citizenship for them who will invest to generate employment in America. Through this card, they will get an opportunity to settle in America. According to Trump, this ‘Gold Card’ will be like an American green card, but it will also have some special benefits. For this, investment of $ 5 million will be necessary. Now the question arises that what is the gold card and how will it be different from the green card and what is the intention of Trump behind this scheme?

US President Donald Trump said that the ‘Gold Card’ will replace the 35-year-old EB-5 visa program, which is available for foreigners investing about $ 1 million in American businesses. Trump said that rich people will come to our country by purchasing this card. They will be rich and successful, they will spend a lot of money, will give employment to many people.

What is Trump’s plan behind the gold card?
According to former US President Donald Trump, if 1 million gold cards are sold under this scheme, it can generate a revenue of $ 5 trillion, which can be used to reduce the country’s debt. According to Trump, this scheme can get visas for new employees with this scheme and this will promote economic growth. Businessmen will invest in America and create employment, which will strengthen the US economy.

What is the difference between EB-5 and ‘Gold Card’?
According to the report, citizenship was available in five to seven years under the EB-5 program, while citizenship will be immediately in the proposed ‘Gold Card’ visa Yojana. In addition, applicants can take loans under EB-5 or resort to ‘Pur Fund’, while ‘Gold Card’ visa will already have to pay full cash, which will make it out of the reach of a large part of Indians.

What is EB-5 visa?

• It is an American visa program that allows foreign investors to get a permanent residence (green card) in the US
• Under this program, foreign investors invest in American businesses.
• Investors have to invest a certain amount, which is usually reduced in $ 1 million or in some cases.
• Higher un effwment area can be invested up to $ 800,000
• After investing, investors and their families get a green card, which allows them to live and work in the US. The main objective of this program is to promote the American economy and generate employment.
• The program was started in 1990.

What will be the effect on Indians?
The price of $ 5 million (43,56,14,500.00 Indian rupees) means that only the super-rich and business tycoon of India can bear so much expense to get American citizenship. This is likely to increase the problems of skilled professionals who are already waiting for a long time for the green card, in some cases for decades. Only very rich and big businessmen of India can take this gold card visa to get American residence.

What is green card

• EB-5 investor visa system is a popular option to get a green card in the US.
• 1.05 million dollars (about 8.70 crore rupees) have to be invested.
• This investment is made to start business in America.
• Investors have to provide jobs to at least 10 Americans to start business in the US.
• The need to give this job is to contribute to the American economy.
• Under this visa, citizenship between five to seven years is available in America.
• -This citizenship allows living in America and working.