US EditionWealthy foreigners able to register for Trump’s $5 million ‘gold card’ visa within a week, said Lutnick
- U.S. Commerce Secretary Howard Lutnick announced at a Washington, D.C. Event that wealthy foreigners will soon register for a $5 million 'gold card' visa to gain American residency.
- The 'gold card' visa, introduced by President Trump in February, aims to replace the EB-5 investor visa and attract high-net-worth individuals who can help reduce the national debt.
- The gold card offers benefits such as exemption from U.S. Taxes on overseas income and promises a quick residency process, with all applicants being thoroughly vetted.
- Lutnick stated that nearly all non-American individuals he encounters with sufficient financial means will be interested in purchasing this card, and he mentioned that a website for registering interest is expected to launch in about a week.
- If 200,000 cards sell at $5 million each, Lutnick estimates $1 trillion in revenue, which could contribute significantly to paying down the $36 trillion U.S. National debt.
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38 Articles
Business Insider
JingletreeWhy rich foreigners may not rush to buy Trump's $5 million 'gold card' visas
President Donald Trump holds his $5 million "gold card" visa on an Air Force One flight.Mandel Ngan/AFP/Getty ImagesPresident Donald Trump's $5 million "gold card" visa aimed at the rich could face limited demand.One analyst said even the wealthy may be reluctant to pay that much as a fee rather than an investment.The move appears to have boosted interest in the EB-5 visa program, Henley & Partners said.In February President Donald Trump announc…
Commerce Secretary Lutnick details rollout plan for Trump's Gold Card immigration program
Commerce Secretary Howard Lutnick said Wednesday that the administration is set to launch a registration website for President Donald Trump's Gold Cards in the near future.Trump has touted the Gold Card as being "better and more sophisticated" than a green card and would allow the "most successful job-creating people from all over the world to buy a path to citizenship." Applicants would pay $5 million for a Gold Card visa.Lutnick was interviewe…
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