Donald Trump’s $5 Million Gold Card Visa
Donald Trump announced his plans to replace the EB-5 visa with a $5 million Gold Card visa. The move taken by Donald Trump has raised concerns among Indians waiting for a green card.
US President Donald Trump on Tuesday announced his plans related to the EB-5 visa which has been active for the last 35 years for investors with a Plan of “gold card” visa which will be a path to citizenship for $5 million.
The move has raised concerns among Indian citizens waiting for a US green card.
what the Commerce Secretary said
Howard Lutnick who is Commerce Secretary said the Trump Gold Card will replace the EB-5 visa in two weeks.
The EB-5 was created by Congress in 1990 to boost foreign investment and is available to those who spend about $1 million on a company that employs at least 10 people.
Lutnick said the gold card — a green card, or permanent legal residency — would raise the price of entry for investors and eliminate the fraud and “bullshit” that he said characterized the EB-5 program. Like other green cards in the USA, it would also include a path to citizenship.
Donald Trump has not given any statement on job creation requirements. As EB-5 visas are limited, Donald Trump thought the federal government could sell around 10 million “gold cards” to reduce the deficit. He said it would be the game change.
(Donald Trump’s $5 Million Gold Card Visa)
What is a ‘Gold Card’ visa? And How is it different from a green card?
Let us understand the difference between these two visas.
# EB-5 Visa (Current):
Required Investment: $800,000 – $1.05 million $5 million
Job creation requirement: Must create 10 USA jobs
Path to citizenship: 5-7 years
Backlog for Indians: people are waiting from 7 to 10 years
# Gold Card Visa (proposed)
Investment required: $5 million
Job creation requirement: No job creation requirement
Path to citizenship: Instant path
Backlog for Indians: No backlog (direct purchase)
How will the Gold Card affect Indians waiting for a Green Card?
For India’s richest, Trump’s Gold Card visa could be a game-changer – offering a much faster and simpler path to US residency than the EB-5 investor visa or the lengthy H-1B to Green Card process.
But there’s a catch – it comes at a hefty price tag of $5 million, far more than the $800K requirement of the current EB-5 visa. This means that only India’s super-rich can afford this shortcut to US residency.
Will Trump’s Gold Card replace the EB-5 investor visa program?
Yes, if Trump’s Gold Card visa becomes effective, it will replace the EB-5 investor visa program.
Can Indians who are currently on H-1B or EB-3/EB-2 visas apply for the Gold Card?
Yes, Indians currently on H-1B or EB-2/EB-3 visas can apply for Donald Trump’s proposed Gold Card visa – provided they can afford an investment of $5 million. This new visa, introduced as a replacement to the EB-5 investor program, offers a shortcut to US citizenship without the usual hassle of job creation or setting up a business.
What are the alternative options for Indians?
As a Gold Card visa may not be accessible because of high investment to most Indians, here are some alternative options:
EB-5 visa (if available before the Gold Card is replaced)
Investment: $800,000 (in targeted employment sectors).
Advantages: Green card in 3-5 years (faster than EB-2/EB-3).
Disadvantages: Requires job creation, long wait if demand increases.
O-1 visa (for highly skilled individuals)
For professionals with exceptional abilities (arts, tech, business, research, ).
EB-1 Green Card can be obtained (with no backlog for Indians).
L-1 visa (for business owners and executives)
H-1B to EB-2/EB-3 (current skilled worker route)
For Indian tech workers in the US on H-1B visas.
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