US GOLD CARD & PLATINUM CARD VISAS EXPLAINED

US GOLD CARD & PLATINUM CARD VISAS EXPLAINED #america #usa #goldencard #platinumcard

“Big shake-up in U.S. immigration! Alongside the $100,000 H-1B visa fee, the Trump administration has announced two new visa pathways for the wealthy — the Gold Card and the Platinum Card. What are they, how do they work, and what do they mean for the future of U.S. immigration? What Is the Gold Card? • Requires an investment of about $1 million. • Grants U.S. residency status, subject to vetting and processing fees. • Intended as a replacement for some existing categories, like EB-1 or EB-2 “extraordinary ability” visas. • There’s also a Corporate Gold Card option, allowing companies to sponsor workers at a cost of $2 million per employee. What Is the Platinum Card? • Requires a much larger investment: around $5 million. • Key perk: holders could spend up to 270 days a year in the U.S. while avoiding taxation on foreign income. • It still requires Congressional approval, so it’s not yet fully in effect. How Do They Compare to the Current EB-5 Investor Visa? Feature EB-5 Visa Gold Card Platinum Card Minimum Investment $800k–$1.05M ~$1M ~$5M Job Creation Must create 10 U.S. jobs Unclear / not required Unclear / not required Residency Path Conditional → Permanent → Citizenship Residency & eventual citizenship Residency, plus tax perks Tax Rules Taxed on global income Standard U.S. tax Exemption on foreign income (proposed) Key Questions & Uncertainties • Job creation: Unlike EB-5, will investors still need to prove they’re creating U.S. jobs? Early reports suggest maybe not. • Tax benefits: How exactly will Platinum Card exemptions work with U.S. tax law and treaties? Still unclear. • Legal authority: Platinum Card needs Congress. Some experts doubt whether the president can restructure visas this dramatically without legislation. • Impact on EB-5: Will EB-5 continue alongside these programs, or be phased out? No clear answer yet. Implications & Reactions • Supporters say this could attract billions in foreign capital to the U.S. and create new opportunities for wealthy investors. • Critics argue it favors the rich while making other immigration pathways more expensive or restrictive. • Lawsuits or political challenges are very likely, especially over the tax exemptions and visa restructuring. “So here’s the bottom line: the Gold Card and Platinum Card are designed for the ultra-wealthy — with promises of residency, possible citizenship, and even tax breaks. But the details are still being ironed out, and legal battles could be ahead.

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