At ₹1 crore, buying a Mercedes in India now costs more than getting the same car in Dubai-plus a UAE Golden Visa under its new nomination-based residency scheme
President Donald Trump said Wednesday that he plans to start selling a gold card visa with a potential pathway to US citizenship for USD 5 million, seeking to have that new initiative replace a 35-year-old visa programme for investors. If we sell a million, that's USD 5 trillion dollars, Trump said during the first meeting of his second-term Cabinet, suggesting that the new revenue generated for federal coffers could be used to pay off the country's debt. I think we will sell a lot because I think there's really a thirst, Trump said of demand from the business community to participate. The president said of recipients that they'll be wealthy and they'll be successful and they'll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it's going to be extremely successful. Companies can buy gold cards and, in exchange, get those visas to hire new employees, Trump said. No other country can do this because people don't want to go to other ...
The Golden or EB-5 visa allows foreign investors to fast-track their application for permanent residency in the US
India ranks third after China and Vietnam in terms of the number of applicants for the EB5 visas
The Trump administration has brought all visas under hard scrutiny.