Trump’s New ‘Gold Card’ Visa Program Launches, Offering U.S. Residency for $1 Million
Program Officially Unveiled at the White House
U.S. President Donald Trump launched the long-awaited Gold Card visa program on Wednesday. He announced in the Roosevelt Room at the White House while standing with several business leaders. A new online portal also went live at the same moment, allowing applicants to begin the process immediately.
How the Gold Card Works
The program offers U.S. residency to individuals who invest $1 million. Corporations must invest $2 million for each foreign employee they want to sponsor. This initiative replaces the traditional EB-5 visa, which required applicants to create at least 10 jobs in the United States.
Trump described the Trump Gold Card Visa Program as “a green card but much better.” He explained that the new structure provides a faster, stronger path to citizenship.
Why the Program Was Introduced
The administration designed the Gold Card to attract highly skilled and well-qualified individuals from around the world. Trump said companies often lose top international graduates from U.S. universities because those students cannot secure long-term visas. With this program, companies can now hire and retain exceptional candidates without uncertainty.
Financial Impact on the U.S.
According to Trump, all collected funds will go directly into a Treasury Department account. He expects billions of dollars to enter the U.S. economy through this program. These funds will support national development projects and strengthen overall economic growth.
Strict Vetting and Eligibility Checks
Commerce Secretary Howard Lutnick confirmed that each applicant will undergo a detailed $15,000 background check. He stated that the government wants candidates who bring strong value to the country. Lutnick also mentioned that current green card holders earn less than the average American, and Trump wants to shift toward higher-earning, highly skilled immigrants.
Comparison With Global Golden Visa Programs
Many countries already offer investor visas, including Canada, Australia, Spain, Greece, and Italy. Trump believes the United States should compete in this space by attracting the best global talent. He highlighted graduates from China, India, and France as examples of individuals who may benefit from the Gold Card.
Business Community’s Reaction
Companies across the U.S. are expected to welcome this change, as it allows them to hire top international talent without long delays. Supporters see the program as a major economic boost, while critics debate the removal of job-creation requirements. Follow for more updates, FM News.
