Business

Trump Unveils Gold, Platinum Visas Costing Up to $5 Million

Trump Unveils Gold, Platinum Visas Costing Up to $5 Million

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
President Donald Trump ’s administration has launched a website for a visa program for the wealthy, a much-anticipated effort to encourage the rich to immigrate to the US by offering residency permits for hefty price tag.
Individuals can pay $1 million to receive US residency with the “Trump Gold Card”, following a processing fee and vetting, according to a website announcing the program. A “Platinum Card” will soon be available for $5 million, and allow recipients to “spend up to 270 days in the United States without being subject to U.S. taxes on non-U.S. income.”