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The United States is set to introduce a new ‘Gold Card’ visa, offering an alternative pathway to citizenship for high-net-worth individuals. Announced on February 26, the initiative aims to attract wealthy foreign investors willing to commit a minimum of $5 million (approximately Rs 44 crore) to the US economy.
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The Gold Card visa is expected to differ significantly from the existing EB-5 Immigrant Investor Program, which has been in place since 1990. Under the EB-5 scheme, foreign nationals can obtain a US Green Card by investing between $800,000 and $1.05 million in approved projects that generate at least 10 American jobs. In contrast, the Gold Card visa will require a much higher investment threshold, signaling a push for greater economic contributions from applicants.
The proposed program is designed to encourage job creation, business expansion, and increased tax revenues in the US. By targeting ultra-high-net-worth individuals, the visa aims to boost economic growth by attracting foreign capital, fostering entrepreneurship, and expanding business opportunities within the country.
Details regarding the application process, eligibility criteria, and implementation timeline remain unclear. However, the initiative reflects a broader shift toward investment-based immigration, positioning the US as a premier destination for global investors seeking residency and eventual citizenship.
