Trump Introduces ‘Gold Card’ Visa Scheme for $1M Investors
President Trump has signed executive orders to establish a new visa program, dubbed the “Trump Gold Card”. This scheme offers affluent foreign nationals the opportunity for permanent residency and a pathway to U.S. citizenship, in exchange for a $1 million investment.
Announced on September 19th, the program aims to attract substantial foreign investment and generate revenue for the U.S. government. Alongside the Gold Card initiative, Trump also signed an order imposing a $100,000 annual fee on companies hiring workers through H-1B visas.
The “Trump Gold Card” enables foreign nationals to secure permanent residency status and eventually pursue American citizenship, provided they make a significant financial investment in the United States. This marks a major shift in immigration policy, creating a direct path to residency for wealthy investors.
The increase in the H-1B visa fee significantly escalates costs for companies seeking to hire skilled foreign workers. The $100,000 annual charge represents a dramatic increase from current fees. Both measures are expected to face legal challenges and require regulatory implementation.
The announcements are part of the Trump administration’s ongoing efforts to reshape immigration and economic policies. These efforts aim to balance restrictions on certain visa programs with the creation of new pathways for high-value investors.
Source: NPR Business