Donald Trump’s Gold Card Visa is reshaping U.S. immigration. The Trump Gold Card allows the ultra-rich to buy U.S. residency for $5 million, eliminating job creation requirements and wait times. While the Trump Gold Card Citizenship Scheme favours billionaires, skilled professionals, especially Indians in green card backlogs, face further delays. Will Trump’s Gold Card Visa turn American citizenship into a luxury for the wealthy, sidelining talented professionals? Learn more about the implications of Trump Gold Card Visa, Trump Gold Card Plan and its impact on global immigration.
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#TrumpGoldCardVisa
#USCitizenshipForSale
#TrumpImmigrationPlan
#GreenCardBacklog
#BillionaireVisa
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NewsTranscript
00:00Hello there, my name is Pankaj.
00:07You are watching The Trump Card.
00:09Now Donald Trump has always been a businessman first and a politician later.
00:15His latest immigration plan, the Trump Gold Card Visa makes that clearer that even $5
00:23million in cash and you can skip the line straight to the United States residency.
00:30No need to create jobs, no need to contribute skills, just bring the money and America is
00:36yours.
00:37This proposal replaces the EB-5 visa which required a much lower investment of $800,000
00:45to $1.05 million plus the added responsibility of creating jobs.
00:50The gold card eliminates these conditions making it the fastest and the easiest path
00:56to a US green card if you can afford it.
00:59The impact?
01:00Well, the Indian professionals who have spent decades waiting for green cards under the
01:06current system will see their American dream slip even further out of reach.
01:11While tech workers, doctors and researchers continue to navigate endless backlogs, Trump
01:18has made it clear that citizenship is now a luxury item, one reserved for billionaires
01:24and oligarchs.
01:27Trump justifies this as a win for the US economy, arguing that wealthy immigrants will pay higher
01:33taxes and fuel investment.
01:36But is America's future really best shaped by the highest bidder rather than the most
01:43talented minds?
01:44With the 10 million gold card visas initially up for grabs, Trump isn't just rewriting
01:50immigration policy, he is auctioning off America's identity.
01:55The message is loud and clear.
01:58If you can't buy it, you can wait in the line.
02:02And to discuss this very delicate issue, we are joined by Bhavya Chaudhary Jha.
02:08She is an immigration law attorney all the way from Atlanta in the United States.
02:12Good morning Bhavya.
02:13Thank you so much for speaking to One India.
02:16Good morning, Pankajji.
02:17I hope you are well.
02:19I'm doing fine.
02:20Thank you, ma'am.
02:21First things first, Bhavya.
02:22It looks like this gold card rush would definitely pinch a lot for all those H-1B skilled workers
02:30queued up in the line waiting for their turn.
02:34How does this impact them?
02:38This gold card was just announced by President Trump last night, yesterday.
02:43We are still waiting for the requirements to be put forward.
02:51And it's said that this gold card would replace EB-5, which we handle routinely, have been
02:57doing it for 20-25 years now.
03:02If it were to be a reality, people who have otherwise applied in other categories of employment-based
03:09green cards such as EB-1, EB-2, EB-3 and so forth, which are skilled workers and specialty
03:15occupation workers, they are facing backlogs anyhow.
03:19So using a gold card which replaces EB-5 does not actually much impact these EB-2, EB-3
03:28categories.
03:29If it would replace EB-5, it would impact.
03:34So you mean to say that when it comes to a paid visa service, EB-5 obviously has many
03:44subsidiaries as well.
03:46Are there any other forms of making payments and getting the visa in the United States,
03:51if not of such a tune of 5 million?
03:56So currently, under the current laws, we have two such categories, or we could actually
04:02talk about several smaller ones as well.
04:05So one is the biggest one, EB-5, which is typically 1,050,000 or 800,000, depending
04:11upon where the business is located, rural or high unemployment.
04:16The second category is somewhat related.
04:19It's called immigrant and entrepreneur parole visa, which is where people are able to, it's
04:26like mostly for startups who also hold a stake in a company and have gotten an investment
04:33in the US.
04:34So that's another category.
04:35It doesn't result in green cards though.
04:37It gets a temporary parole status only, not a very widely used category.
04:42The third one is somewhat investment based, which is EB-1 for multinational managers and
04:48executives, where multinational companies, if they were to open a branch in the US or
04:54subsidiary, and then they were to invest money for the such opening of the subsidiary or
05:00branch and transfer an intra-company executive or manager.
05:04So they could supply for an EB-1 category based green cards.
05:09Right, absolutely.
05:10Considering that this gold card does become a reality in the days and months to come,
05:15how does this gold card visa compare to the EB-5 program in terms of processing time,
05:22legal requirements and long-term benefits?
05:27So once again, I will have to refer to what we do in EB-5 because gold card rules and
05:32requirements have not come out at all.
05:34They were just announced yesterday.
05:36So as far as EB-5 is concerned, the requirements are that you have to have invested at least
05:44$800,000 if the investment is made in a regional center or in a new business, which is located
05:50in a rural area or a high unemployment zone called the TEA, Targeted Employment Areas.
05:56So that's a requirement.
05:59And if you are investing in a direct business or even if it's a regional center, per investor,
06:05the number of jobs to be created are 10, 10 new positions to be created.
06:10But of course, the amount of investment depends upon where the business is located.
06:15And finally, the source of money has to be lawful, which it could come from within the
06:22U.S. as well.
06:23And the source of money could be capitalization from, you know, your personal savings, loans.
06:29Loans have many different qualifiers to them after litigation was litigation on it on matter
06:36of Zhang as well as give.
06:40So as far as in the processing times are, the good thing was there was a rule called
06:45RIA in 2022 introduced by the last administration, under which people could also apply for their
06:53green cards called Adjustment of Status if they were in the United States lawfully.
06:57There are many qualifiers for that.
07:00And if the priority dates were current, which mostly are.
07:04Now, the processing times have been two to three years in the last two years.
07:12Could have taken longer than that previously, but that's what the recent processing times
07:16have been.
07:18If we look at Gold Visa, if it were to replace EB-5, I see that it could be similar processing
07:25times or maybe they would take longer because it's a new program.
07:29We don't know yet.
07:31If there were lesser applicants, the processing times are faster usually.
07:37And also if the requirement, I think one of the requirements says that could potentially
07:42be that the money has to come from overseas.
07:45We have yet to see that.
07:47OK.
07:48All right.
07:49All right.
07:50Since you are an immigration law attorney, talking about those who can't really afford
07:57either $5 million or be it $1.08 or $800,000, what are the best legal pathways to permanent
08:07residency in the United States, if we can voice the opinion and concerns of many, several
08:13thousands of people there in the United States?
08:16If you're talking mostly about people from India and also from China, where we have the
08:21highest backlogs, we have a lot of highly specialized and skilled workers.
08:27Typically, we point them towards self-petition in the EB-1 and EB-2 categories, which are
08:34meant for aliens of extraordinary abilities or national interest waiver categories, where
08:40we are able to get a waiver or forgiveness for the labor application called PERMS.
08:46And these people are able to apply for themselves and meet the criteria.
08:52The bars are very high and not everyone qualifies for it.
08:55However, we have had many, many successful cases in the last several years, decades of
09:01it.
09:02Otherwise, the run of the mill cases are when employers sponsor people's employment-based
09:10green card applications, which is the PERMS to I-140s and eventually cards.
09:16That is in the EB-2 or EB-3 categories, which are aliens advanced degree holders or skilled
09:23workers.
09:24And those are really high backlogs if you don't have the large amount of money.
09:30The other category, which is also available for religious workers, is the special immigrant
09:35visa category, which is for religious workers.
09:38Other than that, we do have other categories which are lesser known.
09:42These are victims of crimes such as U-visas or T-visas, victims of trafficking, or VAVAs,
09:50Violence Against Women Act.
09:52So all these victims also have pathway to permanent residency, although we first have
09:59to obtain their T-visas or U-visa status first, which takes time, and they have their own
10:05requirements.
10:06Absolutely.
10:07Such a clarity of thought there.
10:09Thank you so much, Bhavya.
10:10One final question before I let you go.
10:11I can't help but ask this question.
10:13Donald Trump is shooting, you know, presidency, and he is dictating the terms, is signing
10:22new rules.
10:23What is the general perception, especially in the immigrant community there?
10:28How are they looking at it, these changes that are coming every now and then?
10:34Well, in the immigrant community, there are several class categories of people.
10:41Some are, you know, like we just discussed, people who are of specialized knowledge or
10:47people who have the money to invest.
10:52They are worried in their own sense, you know, would our categories be taken away?
10:57For example, if I was just announced it would be replaced by the gold visa, which we don't
11:02know what's going to happen.
11:05Uncertainty occurs there.
11:08People who are applicants for other categories of visas or were not very legal in the sense
11:14that they are on the cusp of or they have deferred action, it's a term of art.
11:19They are also uncertain about what will happen to their cases.
11:24So all in all, there is a little bit of an uncertainty.
11:27Right.
11:28We have to see what happens in the next few months.
11:32Right.
11:33Bhavya, thank you so much for bringing clarity, at least to this very complex issue, I would
11:38say.
11:39People in this part of the world actually woke up to the news of this gold card visa
11:45from Donald Trump, and that remains to be seen.
11:49Thank you so much, Bhavya, for speaking to us.
11:51Most welcome.
11:52Thank you for having me.
11:53So that was Bhavya Chaudhary Jha, Immigration Law Attorney, all the way from Atlanta in
11:58United States, talking about the new gold visa that Donald Trump has issued.
12:04Well, we'll be back with another episode of The Trump Card tomorrow.
12:10Stay tuned to OneIndia.