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Mercantilist view of US citizenship
Hindustan Times West UP
|February 28, 2025
Trump's Gold Card initiative is of a piece with America's ongoing overhaul of migration policies
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Donald Trump's citizenship-for-cash programme — the US president announced the so-called Gold Card initiative on Wednesday — is neither new for America nor particularly unique in terms of granting expedited citizenship to wealthy immigrants. The country's EB-5 visa programme had a lower threshold for investment in an American company, at $800,000, in exchange for a Green Card which accelerates naturalised citizenship for individuals; the Gold Card, set to replace the EB-5 visa, will need individuals to invest at least $5 million. Several other countries have similar programmes that invite the wealthy to take up residency and consequently, expedited naturalised citizenship.
This story is from the February 28, 2025 edition of Hindustan Times West UP.
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