By Naman Trivedi
Copyright timesnownews
On Friday, President Donald Trump signed an executive order establishing the “Gold Card” visa program, designed to attract foreigners with “extraordinary” abilities who wish to contribute to the United States. Under the program, individuals can obtain residency by investing $1 million, while companies investing $2 million can sponsor an unspecified number of employees. Announced alongside Commerce Secretary Howard Lutnick at a White House event, the program also includes a forthcoming “Platinum Card” option for $5 million. This card allows recipients to spend up to 270 days annually in the U.S. without being taxed on non-US income. The “Trump Corporate Gold Card” enables businesses to transfer access between employees for a transfer fee and requires Department of Homeland Security (DHS) vetting, along with a small annual maintenance fee. Lutnick emphasized that the initiative aims to raise over $100 billion, with the proceeds intended to support tax cuts. President Trump underscored the program’s goal of attracting “extraordinary people at the very top” who will create jobs for Americans rather than compete for existing ones. This visa program forms part of Trump’s broader immigration overhaul, which includes stricter deportations alongside expanded legal pathways for high-earning immigrants. Also read: How To Apply For Trump Gold Card? Here’s A Complete Step-by-Step Guide Eligibility Criteria for the Trump Gold Card Program Applicants for the Trump Gold Card program must be eligible for lawful permanent resident status, admissible to the United States, and have a visa available. As with any visa, the Trump Gold Card can be revoked if there are national security concerns or other risks. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News and around the World.
