US Residency Fee: On one hand, the US President has significantly increased the H-1B visa fee for foreign professionals, sharply increasing it to $100,000 (₹8.8 million). On the other hand, he has also launched a Gold Card and Platinum Visa program, which allows for settling in the US. Learn about these in detail.
US President Donald Trump has launched the Gold Card Visa Program by signing an executive order. According to Trump, this is a way to get quick entry into America. US President Trump says that those who adopt the Gold Card Visa to come to America will have to spend a lot of money on it. He further said that billions of dollars will be collected in this, which will be used to reduce taxes, pay off debts and for other good works. It has been brought for rich people and businessmen. Along with this, it has also been brought for people with special abilities to contribute their skills to America.
How much will it cost on Gold Card Visa?
US President Donald Trump has launched the Gold Card visa. This visa allows foreign nationals outside the US to obtain US citizenship, but requires them to invest $1 million in the US. Furthermore, they must also submit to a $15,000 waiting fee and a background check. Companies will be able to obtain fast-track visas for their sponsored workers for $200,000 (approximately ₹1.76 crore). US Commerce Secretary Howard Lutnick stated that the Gold Card will replace the existing EB-1 and EB-2 visas for individuals with exceptional talent. He indicated that other categories of green cards could be canceled in favor of the new model within a month of implementation.
A separate Trump Corporate Gold Card allows companies to transfer access between employees for a fee. However, it requires Department of Homeland Security vetting and a small annual maintenance charge.
There is also a plan for Platinum Card
The US government also plans to introduce a Platinum Card scheme. US Commerce Secretary Howard Lutnick stated that it would cost $500,000, or ₹44 million (approximately ₹44 million). Obtaining this card would allow a person to stay in the US for up to 270 days a year, and the income earned during this period would be tax-free.
Shock given on H-1B Visa
Trump has issued an order making it more difficult for professionals to enter the United States. The annual fee for H-1B visas has been raised to $100,000, or approximately ₹8.8 million. This has dealt a severe blow to Indians, as a large number of Indian professionals work there and dream of moving there.
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