usa news: Get US citizenship by spending $ 5 million, this is Donald Trump’s new plan to earn money by attracting rich investors. The US President announced the Gold Card plan. & Nbsp;
He said, this is a route to receive US residence permit for immigrants at a fee of $ 5 million (Rs 43.54 crore). Trump said that it will replace the current 35-year-old EB-5 visa program, which is available for foreigners investing about $ 1 million in American businesses.
Trump said this thing
Trump said about the visa, "This will give you a green card privilege, as well as a way to get (American) citizenship." Around 12 countries worldwide provide citizenship in exchange for investment, including Malta, Egypt and Cambodia. However it is called Golden Passport, which gives full citizenship rights. & Nbsp;
‘Many people will get employment’
Trump’s Gold Card Program is a resident-by-investment scheme. Regarding this, he said that its purpose is to get more revenue. Trump said, "Rich people will come to our country by purchasing this card. They will be rich and they will be successful. They will spend a lot of money and pay a lot of taxes. During this time they will give employment to many people."
Russian people will be able to get its benefits & nbsp;
Asked whether the people of Russia are involved in this, they said that this is possible. He said & nbsp;"I know some good Russian class which are very good people. I think they can spend $ 5 million."& nbsp;
Whose Gold Card will replace?
The new ‘Gold Card’ visa program will replace the EB-5 visa, which currently provides conditional immigrant visa to foreign nationals who invest between $ 800,000 and $ 1.05 million in the US economy. & Nbsp;
How is the gold card different from EB-5?
Under the existing EB-5 program, foreign investors have to invest up to $ 800,000-1,050,000 in American businesses and create at least 10 new jobs. This program launched in 1990 to attract foreign investment has been accused of misuse and fraud for years.
The proposed gold card visa scheme increases the financial requirement by five times to $ 5 million. The heavy price will make it out of the reach of middle-level investors. This is a sharp and simple path to get American residence. In this, the need to produce servants has also been abolished. According to media reports, under the EB-5 program, citizenship was available in five to seven years while citizenship will be found in the proposed gold card visa Yojana.
What will be the effect on Indians?
In addition, applicants can take loans under EB -5 or resort to full funds, while gold card visas will already have to pay full cash – which will make it out of the reach of a large part of Indians.
