On February 26, 2025, former President Donald Trump announced a new initiative to sell a ‘gold card’ for $5 million aimed at wealthy foreigners seeking U.S. residency. This proposal is part of a broader trend in global immigration policies that allow individuals to purchase visas or residency through significant financial investment.
- Trump introduces 'gold card' for visas.
- Wealthy foreigners can buy citizenship access.
- Gold Card priced at $5 million.
- Plan resembles European 'Golden Visas'.
- US companies can hire top Indian graduates.
The proposed ‘gold card’ is designed to attract affluent foreign nationals by offering them an expedited path to citizenship in exchange for substantial financial contributions. This move aligns with existing programs in various countries that provide residency or citizenship based on investments, often referred to as “Golden Visa” programs. These initiatives are intended to stimulate economic growth by drawing in capital from abroad.
Key details of the program include:
- The cost of obtaining the gold card is set at $5 million.
- Funds raised are expected to support job creation and other economic initiatives within the united states.
- This approach mirrors similar offerings in Europe and other regions where high-value investors can secure residency rights through financial means.
Trump’s announcement also mentioned that U.S. firms could utilize this gold card system to hire top graduates from Indian universities, thereby enhancing their workforce capabilities while providing these graduates with opportunities for permanent residence in the U.S. The plan has sparked discussions about its potential impact on immigration policy and economic development strategies across the country.
This initiative highlights ongoing debates surrounding immigration reform and economic strategy within the United States as it seeks to balance attracting talent with regulatory concerns regarding immigration practices.
