Trump has launched a Gold Card visa scheme for foreign nationals investing $5 million (approximately ₹43 crore), offering them a chance to obtain a US Green Card. Applications can be submitted at trumpcard.gov.
If you desire permanent residency in the United States and possess significant financial resources, your dream may now be within reach. Former US President Donald Trump recently launched a new portal promising investors a special visa facility. This scheme, called the Gold Card, is touted as an upgraded version of the US EB-5 visa program. Let's delve into the details of this Gold Card, its eligibility criteria, and the application process.
What is Trump's Gold Card Visa?
While launching the scheme, Donald Trump explained that the Gold Card is an investment-based immigration scheme requiring applicants to invest at least $5 million (approximately ₹43 crore). In return for this investment, they will be granted a Green Card and permanent residency in the United States. While immediate citizenship isn't guaranteed, it's considered a significant first step towards obtaining it.
Why is the Gold Card Special?
Trump described the card as "Green Card Privilege Plus." It's presented as a faster and more efficient alternative to the existing EB-5 visa, specifically designed for wealthy and skilled individuals who can contribute to business, employment, and innovation in the United States. This visa also offers a better opportunity for those frustrated by lengthy visa processing times and seeking immediate permanent settlement in the US.
Trump Card Portal: The Application Gateway
A website, https://trumpcard.gov/, has been launched for applications under this visa program. This portal is currently operational for initial registration and information gathering.
Applying for the Gold Card
Applying for the Gold Card is a straightforward, step-by-step process:
- Visit the website: https://trumpcard.gov/
- Register: Fill in basic details such as your name, email ID, and country information.
- Submit the form: Click the submit button after registration.
- Await email notification: After successful submission, you will receive information about the next steps via email.
Will the Visa be Granted Immediately?
No, only the registration process has commenced with the website launch. The Trump administration has stated that applications are currently being accepted, but Gold Card sales will begin at a later date. The card will be issued only after eligibility and document verification.
Eligibility Requirements
- Capacity to invest at least $5 million.
- A clean criminal record.
- The ability or plan to contribute to American society.
- Valid and verifiable documentation.
Where Must the Investment be Made?
Investments under this visa scheme must be made in authorized sectors within the United States, such as:
- Infrastructure projects
- The healthcare sector
- Education and research development
- Tech startups and innovation hubs
Impact of the Scheme
The Gold Card scheme is not only a component of Trump's political strategy but also a significant means of boosting foreign capital investment in the US economy. This will attract talented and capable investors to the US, while providing investors with a guarantee of a secure and sustainable future in America.
