To cost up to $5 million: What Trump Gold card looks like? How it differs from Corporate Gold & Platinum
**President Trump Introduces the Gold Card Visa: Expedited US Residency for Wealthy Investors**
President Trump has unveiled the “Gold Card Visa,” a novel program offering expedited US residency to wealthy individuals and corporations that invest significant sums into the country. The initiative aims to reshape immigration policy by replacing existing visa programs with a tiered visa system designed to attract capital and promote commerce.
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### The Gold Card Visa Program Overview
The Gold Card Visa requires applicants to make a $1 million contribution to the US Treasury, which the administration defines as a gift demonstrating a substantial benefit to the country. Alongside the Gold Card, the program proposes a Platinum Card (pending congressional approval) with a $5 million investment requirement and enticing tax benefits for ultra-wealthy individuals.
Revenue generated from these visas will be allocated toward commerce promotion and debt reduction, aligning immigration reform with fiscal priorities. “They’re going to spend a lot of money to come in,” Trump told reporters in the Oval Office while signing the executive order establishing the visa program. “It’s going to raise billions of dollars, billions and billions of dollars, which is going to go to reduce taxes, pay off debt and for other good things,” he added.
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### Tiered Visa System: Gold Card and Platinum Card
The new visa scheme introduces:
– **Gold Card ($1 million investment)**
– **Platinum Card ($5 million investment, pending approval)**
– **Corporate Gold Card** for businesses sponsoring employees.
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### Trump Gold Card Visa: Residency Through Investment
The Trump Gold Card is the centerpiece of this new immigration strategy.
– **Application Process:** Applicants must pay a non-refundable processing fee (estimated at $15,000) and undergo vetting by the Department of Homeland Security (DHS).
– **Investment Requirement:** Upon approval, applicants must contribute $1 million to the US Treasury as a gift.
– **Purpose:** This contribution serves as evidence that the individual will substantially benefit the United States.
– **Visa Status:** Successful applicants will receive lawful permanent resident status equivalent to EB-1 or EB-2 visa classifications but processed in record time.
According to the program’s official website:
> “The Trump Gold Card is a visa based upon an individual’s ability to provide a substantial benefit to the United States. The $1 million gift is determined to provide sufficient evidence that the individual will substantially benefit the country.”
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### Visual Design of the Trump Gold Card
The Gold Card itself mimics a luxury credit card, featuring:
– A gold background
– A portrait of President Trump
– The Statue of Liberty and the US flag
– The label “Trump Gold Card” stamped prominently on the left side
The design for the Platinum Card has not yet been revealed, though the website encourages interested individuals to join a waitlist as applications will be processed on a first-come, first-served basis.
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### Trump Corporate Gold Card: Corporate Sponsorship of Workers
The Corporate Gold Card allows companies to sponsor foreign employees by contributing $2 million per worker after DHS vetting and paying a processing fee.
Key features include:
– **Sponsorship Flexibility:** If a company ends sponsorship of an employee, it can transfer the original $2 million contribution to sponsor another worker without paying again.
– **Application:** Corporations may apply for multiple employees simultaneously, paying separate processing fees per employee.
– **Fees:** The program includes a small annual maintenance fee and transfer charges for each re-assignment.
The program states:
> “A $2 million per employee gift upon completion of the employee’s vetting demonstrates the employee will substantially benefit the United States.”
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### Trump Platinum Card Visa: Targeting Ultra-Wealthy Investors
Still pending congressional approval, the Platinum Card aims to attract ultra-wealthy individuals willing to invest $5 million in exchange for:
– Residency in the US for up to 270 days per year
– Exemption from paying taxes on non-US income during their stay
Commerce Secretary Howard Lutnick expects approval later this year and describes the Platinum Card as offering a unique combination of residency, extended stay rights, and tax incentives. It is designed to be particularly attractive to high-net-worth individuals with global income streams.
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### Program Funding and Implementation
Trump signed an executive order directing that revenues from both the Gold and Platinum Cards be deposited into a separate Treasury fund dedicated to promoting commerce and reducing national debt.
Secretary Lutnick highlighted the program’s rigorous vetting process, which surpasses any prior immigration screening. The administration intends for the Gold Card program to replace existing EB-1 and EB-2 visa categories, potentially suspending other green card categories as well.
The rollout phase of the program is expected to take less than a month.
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### Potential Impacts on Immigration and Business
The introduction of the Gold Card visa signals a dramatic shift in US immigration policy, specifically:
– Replacing traditional skill-based visas like EB-1 and EB-2 with the investment-based Gold Card.
– Proposing a $100,000 application fee for H-1B visas, commonly used by technology firms to hire skilled workers.
While the Gold Card could facilitate new capital inflows and provide corporate sponsorship flexibility, the increased H-1B fees may pose challenges for tech companies such as Accenture and Cognizant, whose shares declined after the announcement.
Immigration experts have expressed skepticism regarding Trump’s claim that up to one million Gold Cards could be sold, citing the limited pool of individuals capable of affording the $1 million buy-in.
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### Background and Fiscal Goals
Trump initially announced the Gold Card program in February as a tool to attract global capital, create jobs, and reduce the budget deficit. On Friday, he reiterated its fiscal impact, emphasizing its potential to raise substantial revenue.
Despite debate over demand, the Gold Card program represents one of the administration’s most ambitious efforts to monetize the US immigration system while directly tying it to national revenue objectives.
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