Summary
President Donald Trump's administration is making progress with a new visa program called the Gold Card, aiming to grant U.S. residency to wealthy foreign nationals. The program requires significant financial contributions and offers a faster path to residency. Key steps like submitting a draft form to relevant government bodies have been taken, but the program's full details and operation are still being developed.
Key Facts
- The Gold Card visa program is part of President Trump's plan to attract wealthy foreigners to the U.S.
- The U.S. Citizenship and Immigration Services (USCIS) submitted a draft form to the Office of Management and Budget.
- Applicants must donate at least $1 million to the U.S. Treasury and pay a $15,000 processing fee.
- There is a higher tier called the Platinum Card, requiring a $5 million contribution.
- The program aims to encourage economic investment and offers a faster path to permanent U.S. residency for qualified applicants.
- All applicants will undergo extensive vetting, including financial and background checks.
- The program's legal framework is still being finalized, and some experts have raised concerns about its legal authority.
- Once approved, applicants can process their residency abroad or adjust their status in the U.S. if they are already present.
