USA plans to issue Gold cards and Green cards

Highlights: USA is planning to offer Gold card and Green cards           

• The US president will offer a new  pathway for investors  , which is a Gold card visa
• Investors who are willing to invest  $5 million can apply for a Gold Card
• The new path, the Gold Card visa, will offer US citizenship through investment
• The Gold card visa will replace the EB-5 visa and will attract wealthy investors to the country.
   

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Gold cards will replace EB5 visa  

The Gold card visa will replace the 35-year-old EB-5 program within two weeks. However, the date is yet to be announced. The Gold card is a green card or permanent residency that will raise the price of admission for investors and reduce the number of frauds characterized by the EB-5 program. Like another green card, it will also include a path to citizenship.   Gold cards will replace EB5 visa  
 

The Gold card visa will replace the 35-year-old EB-5 program within two weeks. However, the date has yet to be announced. The Gold card is a green card or permanent residency that will raise the price of admission for investors and reduce the number of frauds characterized by the EB-5 program. Like another green card, it will also include a path to citizenship.  
 

According to the Homeland Security Department, around 8,000 applicants received investor visas in the 12 months ending September 30, 2022.   
 

Investor visas across the world

Over 100 countries, including the U.K., U.S., Spain, Greece, Malta, Australia, Canada, and Italy, offer golden visas to wealthy applicants. The visa allows wealthy foreign nationals to gain citizenship via investment.
 

The US government hasn’t mentioned any job requirements for the proposed Gold Card visa. Unlike the EB-5 program, the Gold Card won’t have any cap, as the government is planning to give 10 million of these visas, which will help to reduce fraud. The Gold Card is somewhat similar to a Green Card, except it is for wealthy people and essential applicants of great talent. Companies will pay for foreign nationals to get in and to have long-term status in the country.
 

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