UPDATE: The Trump administration has just announced that sales of the new immigration “Gold Card” have skyrocketed to $1.3 billion. This innovative program allows foreign nationals and corporations to secure a fast-track pathway to U.S. citizenship, with proceeds directed to the U.S. Treasury to help reduce national debt.
President Donald Trump unveiled the Gold Card during a White House event on December 10, 2023, emphasizing its potential to reshape immigration. “It’s essentially the green card on steroids,” Trump proclaimed, highlighting the program’s promise to expedite residency for those who can afford it.
For just $1 million and a $15,000 processing fee, foreign individuals can gain U.S. residency “in record time.” Corporations can participate by contributing $2 million and paying the same processing fee. The corporate variant allows businesses to grant citizenship to employees and is transferrable for a 5% fee, which covers background checks. An additional 1% annual maintenance fee applies to corporations.
The Gold Card program is designed to replace the existing EB-5 visa program, which has been in place since 1990 to promote job creation through foreign investments. Commerce Secretary Howard Lutnick has assured the public that every applicant will undergo rigorous vetting as part of the process.
With the program now live, officials are urging potential applicants to act quickly, as it promises a unique opportunity for those looking to establish residency in the U.S. The immediate financial impact is notable, with over a billion dollars already funneled into the Treasury, raising questions about the program’s long-term implications on immigration policy.
As this situation develops, interested parties are encouraged to follow updates closely. The Gold Card initiative is poised to influence not just immigration but also the economic landscape, as foreign investment continues to play a crucial role in U.S. financial health.
Stay tuned for more updates on this developing story as we monitor the effects of the Trump Gold Card program on the immigrant community and the broader economy.
