America
If you are dreaming of living in America then there is good news for you. US President Donald Trump has brought a special visa scheme. He named it “Trump Gold Card”. Under this visa scheme, the US will have to invest $ 5 million, or Rs 43,55,00,237. The initiative aims to change the 35-year-old EB-5 visa program, which has been in force since 1990 to encourage foreign investment in the United States.
Now you have to invest more now
Under the current EB-5 visa, foreign investors have to invest about $ 1 million in a business that produces at least 10 jobs. However. Emphasizing the economic benefits of the proposed program, Trump said that it would attract rich and successful individuals who will spend significant amounts, pay high taxes and generate jobs. He also estimated that if the federal government issues 10 million of these visas, it can reduce the national deficit significantly.
This policy adopts countries around the world
Investor visas are widely used worldwide. Over 100 countries, including UK, Canada, Australia and many European countries, offer “Golden Visa” to attract rich individuals. The US has historically limited the number of EB-5 visa, but Trump’s proposal suggests a more comprehensive approach. Unlike the EB-5 program, Trump’s “Gold Card” proposal does not mention any specific employment generation requirement. This creates anxiety how the new visa will contribute to employment in the US, which is a major component of the EB-5 program.
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