Summary
President Donald Trump announced a new visa program called the Trump Gold Card, which offers fast-tracked U.S. visas for individuals who can pay at least $1 million. The program aims to attract wealthy individuals who can provide significant benefits to the U.S. economy. It also includes a higher fee option for businesses wanting to sponsor employees.
Key Facts
- President Trump introduced the Trump Gold Card for wealthy foreigners willing to pay at least $1 million.
- This visa offers a faster pathway to U.S. citizenship for those who qualify and meet certain criteria.
- The program requires businesses sponsoring employees to pay $2 million, plus additional fees.
- An upcoming "platinum" version offers special tax breaks for a $5 million fee.
- Applicants must pay a non-refundable processing fee of $15,000.
- The scheme has faced criticism for potentially favoring wealthy individuals.
- The U.S. government has been tightening immigration regulations, including raising other visa fees.
- The program is launched amidst broader U.S. immigration policy changes, such as travel bans and paused asylum applications.
