Trump Unveils $1M ‘Gold Card’ Immigration Visas
President Donald Trump has introduced a new initiative that offers expedited US immigration via a specialized visa program called the Gold Card. This program caters to wealthy foreigners willing to invest a minimum of $1 million.
Details About the Trump Gold Card
The Trump Gold Card aims to provide a direct path to citizenship for individuals who demonstrate the ability to benefit the United States significantly. Announced earlier this year, this initiative was highlighted by Trump on social media, stating, “Our Great American Companies can finally keep their invaluable Talent.”
Key Features of the Gold Card Immigration Visas
- Investment Requirement: A $1 million investment is mandatory to secure the Gold Card.
- Business Sponsoring: Companies that sponsor employees must pay $2 million in addition to other fees.
- Processing Fee: Applicants are required to pay a non-refundable processing fee of $15,000.
- Platinum Card Option: A premium variant known as the “platinum” card will be available for $5 million, offering special tax breaks.
The program specifies that further governmental fees may apply depending on individual circumstances. The promise of rapid US residency has attracted attention, especially as the Biden administration continues to tighten immigration policies and deport undocumented migrants.
Controversy Surrounding the Scheme
The Gold Card initiative has faced scrutiny for favoring wealthy individuals over others. Critics, particularly some Democrats, argue that it represents an unfair advantage for those who can afford to pay such high fees. Trump has countered these claims, emphasizing the intent to attract high-level professionals who can create jobs in the US.
Broader Immigration Context
This new visa program comes amid an ongoing crackdown on immigration, including increased fees for work visas. Recent policies have included:
- A pause on immigration applications from 19 countries primarily in Africa and the Middle East, following the president’s travel ban.
- A halt on all asylum application decisions, with a review of thousands of previously approved cases.
- A proposed fee of $100,000 for applicants in the H-1B visa program, aimed at skilled foreign workers.
The White House clarified that the H-1B fee would only affect new applicants currently overseas, alleviating concerns among international students and technology firms in the US.
As the implementation of the Trump Gold Card unfolds, its impact on the immigration landscape remains to be seen.
