UPDATE: The Trump administration has just announced that sales of the new immigration “Gold Card” have surged to an impressive $1.3 billion. This groundbreaking program offers foreign nationals and corporations a fast-track pathway to U.S. citizenship, with funds directed to the U.S. Treasury to help reduce national debt.
During a White House event on Friday, December 10, 2023, President Donald Trump hailed the Gold Card, describing it as “essentially the green card on steroids.” The program officially launched with its website going live earlier today, providing detailed information on how non-Americans can participate.
Under this initiative, foreign nationals can secure U.S. residency by making a $1 million investment, along with a $15,000 processing fee. For corporations, the entry point is a $2 million contribution, plus the same processing fee.
The Trump Corporate Gold Card empowers foreign companies to sponsor U.S. citizenship for their employees, with the added flexibility of transferring the card between employees for a modest 5% transfer fee that covers background checks. Additionally, there is a 1% annual maintenance fee required for corporate holders.
Commerce Secretary Howard Lutnick indicated that the Gold Card system is set to replace the existing EB-5 visa program, which has been in place since 1990 to foster job creation through foreign investment. Lutnick emphasized that all applicants will undergo thorough vetting, ensuring the integrity of the program.
As the Trump administration moves forward with this initiative, the implications for U.S. immigration policy and foreign investment are profound. The rapid accumulation of funds highlights the program’s immediate appeal, raising questions about its long-term impact on the U.S. economy and immigration landscape.
With the potential for significant changes in how citizenship is granted, stakeholders are urged to stay informed about upcoming developments and guidelines surrounding this controversial program.
Expect further updates as details continue to emerge about the Gold Card initiative and its reception both domestically and internationally. This program is poised to redefine pathways to U.S. citizenship and could set a precedent for future immigration policies.
Stay tuned for more breaking news on this developing story.
