UPDATE: The Trump administration has just announced staggering sales of its new immigration initiative, the Gold Card, totaling an impressive $1.3 billion. This groundbreaking program allows foreign nationals and corporations to purchase fast-track pathways to U.S. citizenship, with proceeds directed to the U.S. Treasury.
During a White House event earlier today, President Donald Trump touted the Gold Card, describing it as “essentially the green card on steroids.” He emphasized that the funds raised are intended to help reduce the national debt. The program’s official website went live on December 10, 2023, and has rapidly gained traction among investors.
Foreign nationals can secure a Gold Card by contributing $1 million along with a $15,000 processing fee, enabling them to gain residency in the United States “in record time.” Corporations looking to benefit from the program must pay a $2 million contribution, also accompanied by the $15,000 processing fee. This corporate version allows companies to grant U.S. citizenship to employees and even transfer the card between employees for a 5% transfer fee, which covers background checks. Additionally, there is a 1% annual maintenance fee for the corporate Gold Card holders.
Commerce Secretary Howard Lutnick confirmed that the Gold Card program aims to replace the existing EB-5 visa program, which has been in effect since 1990. Lutnick assured the public that all applicants will undergo thorough vetting to ensure compliance and security.
These developments are critical as they reshape the landscape of U.S. immigration, potentially impacting thousands of foreign investors and their families seeking citizenship. The Trump administration’s aggressive push for the Gold Card reflects a broader strategy to leverage immigration for economic growth.
As the program continues to gain momentum, observers are encouraged to monitor further announcements regarding its implementation and any potential changes. The immediate implications for foreign nationals and corporations seeking to navigate U.S. immigration laws are profound, and this program marks a significant shift in how citizenship can be obtained.
Stay tuned for more updates as this story develops.
