Washington/New Delhi: Former US President Donald Trump has proposed a new ‘Gold Card’ visa scheme, offering wealthy individuals a pathway to US residency for $5 million (approximately ₹43 crore). This move is seen as an attempt to attract high-net-worth individuals looking to immigrate and invest in the country. The plan, if implemented, could significantly impact global migration trends, including in India, where such an amount can secure an ultra-luxurious lifestyle.
Trump’s ‘Gold Card’ Proposal
During a recent campaign rally, Trump hinted at launching a premium residency program that would allow affluent individuals to obtain long-term US visas by investing a substantial amount. The idea is being positioned as an economic growth initiative, aiming to bring in foreign capital and boost investment in the US economy.
While the exact details of the scheme are yet to be formalized, the concept follows the model of investment-based residency programs already present in countries like Canada, Australia, and the UAE. If passed into law, this could become one of the most expensive residency options in the world.
What ₹43 Crore Can Buy in India?
For wealthy Indians, ₹43 crore is a fortune that can offer a dream lifestyle in India. Compared to the cost of a US visa under Trump’s proposal, this amount in India could provide:
- Luxury Real Estate: A sprawling mansion in Mumbai or Delhi or a beachfront villa in Goa.
- High-End Vehicles: A fleet of Rolls-Royce, Ferrari, and Lamborghini cars.
- Private Education & Healthcare: Access to elite international schools and world-class medical care.
- Business Ventures: The ability to start multiple businesses or invest in lucrative startups.
Will Wealthy Indians Consider the Offer?
India has one of the fastest-growing millionaire populations, and many high-net-worth individuals (HNWIs) explore options for global mobility. Programs like the US EB-5 visa (which requires a minimum investment of $800,000) have already been popular among Indian investors. However, a $5 million price tag for a residency card might make them reconsider.
Experts believe that wealthy Indians may still be interested in the program if it offers strong benefits, such as easier access to US citizenship, better business opportunities, or tax advantages. However, some may prefer European golden visa programs, which are available at much lower investment thresholds.
Global Competition for Wealthy Migrants
Several countries already compete to attract wealthy investors through residency and citizenship programs. Nations like Portugal, Greece, and the UAE offer golden visas for investments starting as low as $250,000 to $500,000. The US will have to offer more incentives if it wants to attract high-net-worth individuals at a $5 million price point.
Conclusion
Donald Trump’s proposed ‘Gold Card’ could reshape global investment immigration, but its success will depend on how competitive it is compared to existing programs. For wealthy Indians, the choice will ultimately depend on whether US residency is worth ₹43 crore or if they can find better opportunities elsewhere. As the proposal develops, it will be interesting to see how many global elites show interest in this high-stakes residency scheme.
