Our Bureau
New Delhi
Donald Trump’s recent introduction of the USA’s ‘Gold Card’—a $5 million investment program aimed at attracting wealthy individuals to settle or make the United States their second home—has sparked debate among India’s elite. While the program offers a direct pathway to residency, its steep cost raises questions about its appeal to affluent Indians.
Historically, Indians have been among the top foreign groups migrating to the U.S., primarily through student visas, work permits, and green cards. However, these traditional pathways have become increasingly cumbersome due to stricter immigration policies. The Gold Card seeks to simplify this by providing immediate residency for those willing to invest heavily in the US economy.
Yet, many wealthy Indians remain sceptical. For individuals with a net worth exceeding Rs. 50 crores, relocating permanently to the U.S. is often unnecessary. A 10-year B1/B2 tourist visa suffices for frequent visits without the burdensome $5 million price tag. Additionally, alternatives like the UAE’s Golden Visa—requiring a much lower investment of Rs. 4 crores—offer proximity and comparable benefits, making it a more attractive option for many.
Experts argue that India’s ultra-rich already enjoy a high standard of living domestically, with access to luxury amenities and world-class healthcare. “Unless someone has billion-dollar business ambitions in the US, the Gold Card seems excessive,” noted a business analyst. Moreover, existing programs like the EB-5 visa offer similar benefits at a lower cost.
While the US Gold Card may appeal to a niche group with specific goals, it faces stiff competition from more affordable and convenient residency options globally. For now, it remains uncertain whether this initiative will resonate with India’s wealthy elite or be dismissed as an overpriced proposition.
