UPDATE: The Trump administration has just announced that sales from the new immigration program, dubbed the Gold Card, have surged to an astounding $1.3 billion. This initiative offers foreign nationals and corporations a fast-track pathway to U.S. citizenship, with funds directed to the U.S. Treasury.
During a White House event on December 10, 2023, President Donald Trump praised the Gold Card, claiming it is “essentially the green card on steroids.” The funds raised are touted as a measure to help reduce the national debt, capturing significant public interest.
Foreign nationals can obtain the Gold Card by paying $1 million, plus a $15,000 processing fee, ensuring U.S. residency “in record time.” Corporations can participate by contributing $2 million alongside the same processing fee. This corporate version allows companies to secure citizenship for employees, with the ability to transfer this benefit for a 5% transfer fee.
The Gold Card program follows a similar framework to the longstanding EB-5 visa program, designed to attract foreign investment and promote job creation in the U.S. However, Commerce Secretary Howard Lutnick confirmed that the Gold Card will replace the EB-5 program, emphasizing thorough vetting for all applicants.
The Gold Card program officially launched its website on December 10, 2023, attracting immediate attention from potential applicants eager for expedited citizenship. The rapid sales figures indicate a strong demand, reflecting the urgency and significance of this development in U.S. immigration policy.
As this program continues to evolve, it is crucial for potential applicants and stakeholders to stay informed about the latest updates. With the Gold Card’s introduction, the landscape of U.S. immigration is set for substantial change.
Next Steps: Watch for further announcements from the Trump administration regarding this program and its impact on immigration policies. The increasing interest could lead to additional modifications or expansions in the Gold Card offerings.
This developing story highlights the intersection of immigration and economic policy, showcasing the potential benefits and challenges ahead for foreign investors and U.S. citizens alike. Stay tuned for more updates as this story unfolds.
