UPDATE: The Trump administration has just confirmed that sales of the new immigration “Gold Card” have surged to an astonishing $1.3 billion. This urgent announcement comes as President Donald Trump highlights the program’s potential to provide a fast-track pathway to U.S. citizenship for foreign nationals and corporations.
Unveiled on December 10, 2023, the Gold Card program allows non-Americans to pay $1 million plus a $15,000 processing fee to obtain U.S. residency “in record time.” Corporations can also participate by contributing $2 million, along with the same processing fee, enabling them to secure citizenship for their employees. Notably, the corporate Gold Card is transferable, allowing firms to shift citizenship between employees at a nominal 5% transfer fee, which includes a background check.
“It’s essentially the green card on steroids,” Trump stated at a White House event, emphasizing that funds from this program will directly benefit the U.S. Treasury and help reduce national debt. The announcement has stirred significant interest, with many foreign nationals exploring this expedited route to citizenship, which Trump claims will replace the longstanding EB-5 visa program, initially established in 1990 to attract foreign investments to create American jobs.
Commerce Secretary Howard Lutnick has assured that all applicants will undergo thorough vetting, a critical aspect as the program gains momentum. The rapid influx of funds has raised questions about the implications for immigration policy and the economy.
As this story develops, many are watching how the Gold Card program will change the landscape of U.S. immigration. The implications for foreign investment and job creation could be profound, making this a significant moment for the administration.
Stay tuned for more updates as the situation unfolds and more details emerge. This groundbreaking initiative is already making waves in the immigration sector, and experts suggest it could redefine how individuals and corporations approach U.S. residency.
This news is not just about numbers; it reflects a massive shift in immigration policy that could have lasting impacts on thousands of foreign nationals seeking a new life in America. The urgency for potential applicants is palpable, with many eager to secure their status before any changes occur.
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