Trump ‘Gold Card’ Program Opens Applications For Million-Dollar Visas

view original post

Topline

The Trump administration began accepting applications Wednesday for the Trump “Gold Card” program, a fast-tracked pathway for foreign nationals to gain permanent resident status in the U.S. for $1 million.

Key Facts

The Trump administration debuted a website accepting applications for the million-dollar Gold Card visa program, inviting applicants to pay a nonrefundable $15,000 processing fee to begin the process.

The card features President Donald Trump’s portrait with an American flag, and the words “TRUMP GOLD CARD.”

Applicants receive a fast-tracked pathway to permanent resident legal status in the U.S., subject to receipt of the payment and a vetting process by the Department of Homeland Security.

Employers also have the ability to sponsor workers for $2 million with the program’s Gold corporate cards, coming with a 1% annual fee and 5% transfer fee in the event a company wants to change the recipient.

In September, Trump signed an executive order creating the program, presenting it as a way to “promote commerce and American industry.”

Key Background

Trump has attempted to overhaul the U.S.’ immigration policy and visa programs, signing an executive order in September imposing a $100,000 fee for foreigners who enter the U.S. on an H-1B visa. The H1-B program has a point of contention even among some close to Trump, with former Department of Government Efficiency leader Elon Musk praising the program earlier this year. The Trump administration announced a campaign performing additional vetting for H1-B applicants last week. Big tech companies like Google, Amazon, Meta and Apple are some of the biggest users of the H1-B visa program, attracting top engineers to their companies. Commerce Secretary Howard Lutnick said the Gold Card will replace the current EB-1 and EB-2 programs, two key employment-based visas for workers with “extraordinary ability.” The Trump administration has made stopping illegal immigration a key focus, placing deportation quotas and carrying out raids using Immigration and Customs Enforcement agents. The president has also put an end to the Temporary Protected Status program, placed a hold on all immigration applications filed by nationals from 19 countries and paused decisions on asylum applications.