High-Net-Worth Indians Eye Trump's Gold Card Visa

Donald Trump’s proposed $5 million Gold Card visa program has sparked significant interest among Indian professionals, particularly those in the technology, financial services, and medical sectors. Despite not being officially launched, the program has already attracted over 70,000 registrations, highlighting the demand among ultra-wealthy individuals and investors.

Who Is Showing Interest?

According to immigration specialists, the program has garnered attention from Indian professionals aged 28-45, working in the US. Prachi Shah of her namesake legal practice notes, "Most of the interest so far is coming from professionals in the tech, finance, and healthcare sectors." Additionally, Sukanya Raman from Davies & Associates mentions that nearly 50% of the interest originates from the Middle East and other wealthy countries with significant Indian diasporas.

Concerns and Considerations

Experts urge caution, as the Gold Card program currently lacks legislative support. Alexander Jovy, a lawyer, points out the absence of a legal structure or official policy for the program. Meanwhile, Rajneesh Pathak of Global North Residency advises clients to consider established alternatives like the EB-5, H-1B, or National Interest Waiver programs until more details are available.

The Future of EB-5 Visa

Speculation abounds regarding the Gold Card's potential impact on the EB-5 visa program. While some fear it may replace EB-5, experts believe both programs can coexist, offering distinct pathways for immigrants. Pathak emphasizes, "EB-5 is live and kicking... also, Gold Card can be a success only if it comes with no tax on global income."