President Trump said that a gold visa would be mainly for “people with money and people who create jobs.”
The EB-5 program is scheduled to end in 2027, while in 2022 the US Congress ends the five-year increase.
New York, US President Donald Trump has announced an immigration gold card plan that can buy foreign companies for $ 5 million for talented employees so that work visas and green cards can be encountered.
However, the US President Donald Trump announced the gold card program on Tuesday is mainly for the rich who can buy it for themselves. Donald Trump Plans $ 5 Million Immigration Gold Cards That Companies Can Buy For Talented Employees
President Trump is going to collect 5 times more money in exchange for American citizenship. Trump on Tuesday announced the launch of a new visa program called 'Gold Card'. It can be purchased for $ 5 million (44 million Indian rupees). Trump has described this as a way of getting US citizenship.
“Apple and all these companies will be able to buy cards for those who are number 1 in their category in the top schools and whom they want to give a job,” he said in Washington. Under the current employment visa system, he said that people could graduate from top institutions like Wharton School of Finance, his Alma Mater, or Harvard or Stanford “and nobody knows if you can even go to a company”.
Gold card “will give you a green card privileges and it will be a way to get citizenship,” he said. It can withstand the uncertainty of H-1B work visas for professionals that are allocated by the lottery that can miss the top talent, and the green card has to wait for decades that the people of India have to endure.
Commerce Secretary Howard Lutnik said the Gold Card would replace the current program called EB-5, which gives immigration privileges to people who invest between $ 800,000 to $ 1.05 million so that they can create jobs based on which area.
President Trump said that a gold visa would be mainly for “people with money and people who create jobs.” “We will make sure they are wonderful world-level global citizens,” Lutnik added.
President Trump said he could be a money maker for the US government, which would help reduce the deficit. “One million cards will be worth $ 5 trillion – five trillions and if you sell ten million cards, it is a total of $ 50 trillion,” he said. “We have a $ 35 trillion debt, that would be good,” President Trump said the gold visa program could be announced in two weeks.
He said that the program was legal and it would not require Congress approval as it would be like allocating a green card. However, Congress has set a national limit for the green card and the gold card program may be banned by them.
Trump may also want to remove some programs, such as the Green Card Lottery, which gives visas to the citizens of some countries through a lottery who has not used their green card quota. Why do we give a green card lottery, “Lootnik asked.
“We should not give them,” President Trump said. The EB-5 program is scheduled to end in 2027, while the five-year increase given by Congress in 2022 ends. The robber called it a “low -priced program” and said, “He was filled with nonsense, fake and fraud.”
