Wealthy foreigners are increasingly interested in the Gold Card, a $5 million investment that provides them with a relatively hassle-free route to permanent U.S. residency. Immigration lawyers report a surge of clients from various countries looking to take advantage of this opportunity. Many see the Gold Card as an investment that offers more than just residency, including potential tax benefits and the allure of special privileges. Lawyers note that the card is appealing both for its practical advantages and the status associated with it, resembling a VIP access pass.
"$5 million to these people is jet fuel cost. It means nothing to them," says Matthew Kolken, an immigration lawyer from Buffalo, NY.
"They seem to believe that this is going to be some kind of separating first class from economy class, and that this is some kind of 'red carpet' visa and they will be treated like a VIP everywhere," says Shah.
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