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The EU must compete with the likes of the US to attract and retain highly qualified third-country workers. So how does the new EU Blue Card compare with the US Green Card?On 25 May, the Council of the European Union adopted the Blue Card Directive, aimed at establishing more attractive conditions for third-country workers to take up highly qualified employment in the EU, by creating a fast-track procedure for issuing a special residence and work permit: the ‘EU Blue Card’.
The Blue Card—similar to the Green Card of the Unied States—is intended to facilitate the holder’s access to the EU labour market and entitle them to a series of socio-economic rights and favourable conditions for family reunification and movement across the EU. The ultimate goal is to attract and retain highly qualified third-country workers, for whom the EU must compete with the likes of Australia, Canada and the US, which alone attracts roughly twice as many skilled workers, according to AFP.

Permanent residency: Blue Card does not give permanent residency; Green Card gives holder permanent residency.
Validity: Blue Card valid up to four years, renewable; Green Card valid for 10 years, renewable.
Permissions: Blue Card allows holders and families to live, work and travel in participating EU states; Green Card allows holder to live, work and travel in the US.
Application criteria: Blue Card applicant must have one-year EU work contract with salary of three times minimum wage; Green Card applicants apply via several channels, including employment, family links, investment. and a lottery.
Not a chance the best people will move to the EU. Blue Card compares with the H1B program from the US and not the Green Card at all. The Green Card's permanent residency feature is the reason why people from India and China move to the US. Eventually one can apply for American citizenship in 5 years time.
Take Canada's green card program. Permanent residency right from the start. You can apply for citizenship in 3 years time.
one big difference will be if you can actually get a Blue Card. US Immigration is a joke, they make you jump through so many hoops, and then they still drag stuff out forever.
Let alone that Europe is way more fun, diverse and interesting to work than US. ;-)
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