The Trump administration has introduced a new visa program offering an accelerated path to US residency for wealthy foreign nationals who invest a minimum of $1 million.
Program Overview
Known as the 'Trump Gold Card,' the initiative provides a direct route to US citizenship for qualified and vetted individuals. President Trump stated the program is designed to allow 'Great American Companies' to retain 'invaluable Talent.'
Financial Requirements
- Individuals: A fee of $1 million is required, which is presented as evidence of the individual's potential to substantially benefit the United States.
- Businesses: Companies sponsoring employees through the program are required to pay $2 million, in addition to other fees.
- Platinum Card: A 'platinum' version of the card is anticipated, carrying a $5 million fee and offering specific tax benefits.
- Additional Costs: A non-refundable processing fee of $15,000 is mandatory for individuals prior to application review. Further government fees may be applied based on individual applicant circumstances.
The official website for the scheme indicates that applicants must demonstrate they will provide a 'substantial benefit' to the country to qualify. The program promises US residency in 'record time.'
Broader Context
This program's introduction occurs during a period of intensified immigration enforcement by the US government, which includes increased work visa fees and actions against undocumented migrants.