Huge Demand to Trump's 'Gold Card'!

In a recent development, US President Donald Trump's initiative to introduce a 'Gold Card' as a replacement for the current Investor Visa EB-5 has garnered significant attention and enthusiasm. Howard Lutnick, the American Commerce Secretary, disclosed that this novel proposal has already seen a staggering sale of 1,000 cards in merely a day, collectively raising $5 billion. This overwhelming response indicates a strong demand for the card, with projections suggesting the potential to amass up to $5 trillion through its sales. The 'Gold Card' aims to offer direct US citizenship to individuals capable of investing $5 million, a move Trump advocates as a strategy to attract affluent individuals worldwide to invest in America, thereby boosting local employment.

Lutnick further highlighted the broader appeal of this initiative, noting that there are 37 million people globally who have the financial capacity to acquire the 'Gold Card'. Trump's aspiration is that at least 1 million of these individuals will make the purchase. The inception of this idea, Lutnick mentioned, originated from Trump himself, with the execution of the plan entrusted to Lutnick. This initiative is not only about enhancing investment in the US but also about rectifying the frauds and irregularities associated with the EB-5 program. With 250,000 individuals already showing interest, the 'Gold Card' is poised to provide a lawful pathway for investors to gain citizenship and permanent residency.

The EB-5 visa scheme, established in 1990, has facilitated thousands in obtaining investor visas. However, recent investigations have uncovered scams and illegal fund acquisitions within the program, leading to reforms in 2022. Trump's announcement of the 'Gold Card' comes as a reformative step to replace the troubled EB-5 scheme, aiming to streamline and secure the process of attracting and legalizing foreign investment in the United States.