By Dimple Singh
Copyright timesnownews
US President Donald Trump signed an executive order on Friday creating the “Gold Card” visa program, designed to attract foreigners with “extraordinary” abilities. Under this program, individuals can obtain US residency by investing $1 million. The administration says this investment demonstrates the applicant’s ability to provide a “substantial benefit” to the United States. The initiative also includes the Trump Corporate Gold Card, which allows businesses to sponsor foreign employees. Companies must invest $2 million per employee to qualify. At the White House announcement alongside Commerce Secretary Howard Lutnick, Trump also revealed an upcoming “Platinum Card” program. What Is Trump Gold Card? The Gold Card is aimed at individuals. To qualify, an applicant must make a $1 million investment, described as a non-refundable “gift” to demonstrate substantial benefit to the country. Once the processing fee and documents are submitted, the application undergoes review by the Department of Homeland Security. If approved, the individual can obtain US residency through this route. What Is Trump Corporate Gold Card? The Corporate Gold Card, on the other hand, targets businesses that wish to sponsor foreign employees. For each employee sponsored, companies must provide a $2 million investment. A unique feature of this option is flexibility. If an employer chooses to end sponsorship of one worker, the same contribution can be reassigned to another employee without requiring a new investment. However, this card comes with additional requirements such as DHS vetting, an annual maintenance fee, and transfer charges. What Is Trump Platinum Card? The Platinum Card represents the most premium offering. It requires a $5 million investment from individual applicants and provides the right to live in the United States for up to 270 days each year without being taxed on non-US income. Unlike the standard Gold Card, which only grants residency, the Platinum Card combines extended residency time with significant tax advantages, making it particularly attractive for high-net-worth individuals with global income sources. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News and around the World.
