Trump's $5 million 'Gold Card', know what effect it will have?
Due to the strict immigration policies of the donald trump administration, many indian H-1B visa and green card holders have faced unexpected deportation or have been forced to remain in custody.
In this connection, Vice President JD Vance said that the green card does not guarantee a person to stay in America indefinitely. After his statement, new concern has spread among the indian diaspora community in America.
Advice given to be cautious
Immigration lawyers are now advising caution especially to those who are planning to travel abroad. New York City lawyer Naresh Gehi told Newsweek, 'The administration is taking the law into its own hands, completely ignoring the judiciary.'
Now the question arises whether Trump's $5 million 'Gold Card' can bring relief to indians amid the Green Card and H-1B visa controversy. Lakhs of indians are stuck in the long waiting list for employment-based green cards, some of which have been waiting for more than 50 years. In such a situation, this scheme can be a hope for them to make the American dream a reality.
What is Trump's 'Gold Card' visa and how will it affect Indians?
Trump has proposed a new 'Gold Card', which will replace the EB-5 investor program. It will provide green card privileges and a path to US citizenship for a fee of $5 million. Under the current EB-5 investor visa, a person is required to invest $800,000 to $1.05 million in a business that creates at least 10 jobs. But the 'Gold Card' will not have any such condition, which can make it an easy option to get residency in America.
Trump himself rejected the EB-5 visa, saying that it is full of unnecessary talk, fantasy and fraud. For Indians who have been waiting for decades to get an employment-based green card, the 'Gold Card' could be a faster and easier option.
Under this new visa program, wealthy indian businessmen, startup founders and tech industry executives will be able to directly obtain residency and citizenship in the US, bypassing the long queues for the traditional green card. However, skilled professionals working on H-1B and EB-2/EB-3 visas, who do not have the capacity to pay $5 million, may face more delay in getting a green card.
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