Limited Approval for Trump's Gold Card Visa Program Amid High Demand
One person approved for Trump ‘Gold Card’ visa program, says US official
Hindustan Times
Image: Hindustan Times
The Trump administration has approved only one Gold Card visa, which allows non-citizens to gain U.S. residency for a $1 million fee, according to Commerce Secretary Howard Lutnick. Despite the slow start, hundreds of applicants are awaiting processing, with expectations of significant future interest and revenue.
- 01Only one Gold Card visa has been approved so far.
- 02The program requires a $1 million contribution after a $15,000 processing fee.
- 03Hundreds of applications are currently in the queue.
- 04The program aims for rigorous vetting to ensure quality.
- 05Initial interest was high, with 10,000 pre-registrations reported.
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The Trump administration's Gold Card visa program, which allows non-citizens to obtain U.S. residency for a $1 million fee, has seen only one approval so far, as stated by Commerce Secretary Howard Lutnick. Launched in December, the program requires applicants to pay a $15,000 fee for expedited processing, followed by a substantial contribution. Lutnick mentioned that there are currently hundreds of applicants undergoing the rigorous vetting process. Initially, around 10,000 individuals expressed interest during the pre-registration phase, and Lutnick anticipates that thousands more will apply over time, potentially generating billions in revenue for the U.S. government.
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This program could significantly influence immigration patterns and generate substantial revenue for the U.S. government.
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