A New Visa for the Wealthy: Is It a Good Deal for the U. S. ?

The U.S. has unveiled a new visa option for affluent individuals and corporations. Known as the gold card, this visa grants foreigners legal residency in the U.S. through substantial financial contributions.

Key Features

• Processing Fee: $15,000
• Individuals: $1 million gift to the federal government
• Companies: $2 million per employee
• Platinum Option: $5 million for up to 270 days stay without federal income tax on non-U.S. income

Benefits and Drawbacks

• Speed: Weeks instead of years
• Simplicity: No job creation or business investment required
• Revenue Potential: $100 billion over a decade if 10,000 cards issued annually
• Economic Concerns: May not provide the same benefits as traditional visas

Eligibility and Conditions

• Citizenship: Possible after five years
• Transferability: Companies can transfer cards to new employees
• Revocation: Possible for national security or criminal risks

Conclusion

The gold card program offers a faster and simpler path to U.S. residency for the wealthy. However, its long-term success and economic impact remain uncertain.