President Donald Trump has launched a scheme offering fast-tracked US visas to wealthy foreigners who can pay at least $1 million (£750,000).
The card will give buyers a 'direct path to Citizenship for all qualified and vetted people. SO EXCITING! Our Great American Companies can finally keep their invaluable Talent,' Trump said on social media on Wednesday.
The Trump Gold Card, which was first announced earlier this year, is a US visa awarded to those who can demonstrate they will provide a 'substantial benefit' to the country, according to the scheme's official website.
It comes as Washington intensifies its immigration crackdown, including raising work visa fees and deporting undocumented migrants.
The Gold Card scheme promises US residency in 'record time' and requires a $1 million fee as 'evidence that the individual will substantially benefit the United States', the programme's website stated.
Businesses sponsoring employees are required to pay $2 million, with plans for a 'platinum' version of the card to be available soon for $5 million, offering special tax breaks. Additional government fees may apply based on individual circumstances, along with a non-refundable $15,000 processing fee before application review.
The scheme has faced criticism, particularly from Democrats who argue it unfairly privileges wealthy individuals over others. Critics point out that traditional green cards, designed for diverse income levels, provide a more equitable path to residency and citizenship.
While Trump emphasizes the Gold Card's focus on 'productive' individuals capable of job creation, the program arises amid a backdrop of stringent immigration enforcement, including deportations and bans on applicants from selected countries.
The introduction of the Gold Card not only reflects Trump's immigration philosophy but raises crucial discussions on the implications for immigration policy and the idea of meritocracy in the US.
