US President Donald Trump made his long-promised “Gold Card Program” Has officially launched, which is being called the biggest shake-up of the US immigration system.

Anyone under this program individual by giving $1 million can get fast-track US residency, while companies $2 million per employee Will be able to sponsor foreign workers by giving.

It is considered to be an upgraded, faster and easier version of the old EB-5 investor visa. Trump says it is “basically a green card, but much better” and the US billions in revenue Can provide. Applications are live online and tech giants are considering it as a solution to retain global talent.

Gold Card Visa for Us Citizenship: US President Donald Trump recently announced a gold card visa, which people would have to spend five million dollars (about 43 crore rupees) to get. Meanwhile, Trump’s top official Howard Lutnik has claimed that his Gold Card Scheme has received a tremendous response.

According to Lutnik, 1,000 cards were sold at a price of $ 5 million per card, raising a total amount of $ 5 billion. Let us know that America has set a target of selling one crore gold cards.

37 million potential buyers
Speaking on ‘All-in Podcast’, US Commerce Secretary Lutnik said that there are 37 million people in the world who can buy this card. Trump believes that he can raise up to 5 trillion dollars by selling 1 million gold cards. Lutnik said, “There are 37 million people in the world who are able to buy cards … The President feels that we can sell a million,”

Whose replacement is the gold card?
According to Lutnik, Trump’s Gold Card Scheme is a replacement of the existing EB-5 Investor Visa. This card will give big investors an opportunity to get a permanent residence in the US. Earlier, Lutynik had said that 2.5 lakh people are interested in this gold card. The idea was Trump’s brainchild, which he shared during a meeting with famous investor John Paulson. He said, “It was my job to implement Trump’s idea, and I found out how to do it.”

America’s economy will get strength?
Trump appreciated the scheme and described it as a step of strengthening the US economy. He says that this scheme will attract rich investors, which will increase jobs in America and increase tax collection. Trump told Fox News, “Rich people will buy this card and come to our country. They will be successful, will spend a lot of money, pay a lot of taxes and will give employment to many people,”

Plan to repay national debts from gold card sales
Let us know that this scheme has been brought with the aim of reducing the US National Debt of $ 36.2 trillion. According to Lutnik, this can be an effective way to reduce federal deficit.

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