"Commerce Secretary Howard Lutnick stated that the gold card visa program has only approved one applicant, despite earlier claims of $1.3 billion in sales shortly after its launch. He mentioned that there are hundreds of applications in the queue, indicating a positive outlook for the program's future."
"Trump's gold card visa is designed to attract foreign talent and replace the EB-5 program, which required a $1 million investment in a U.S. business. Lutnick emphasized that the program aims to raise significant revenue, with projections suggesting it could help balance the federal budget."
"Each applicant for the gold card visa pays a $15,000 fee, which allows for rigorous vetting. Corporations can also invest $2 million for a foreign employee, along with a 1% annual maintenance fee, making the program financially appealing for both individuals and businesses."
The 'gold card' visa program, introduced by President Trump, allows foreigners to invest at least $1 million to live and work in the U.S. Commerce Secretary Howard Lutnick announced that only one application has been approved so far, despite earlier claims of significant interest. The program is intended to replace the EB-5 visa program and is expected to generate substantial revenue. Each applicant pays a $15,000 fee for rigorous vetting, and corporations can invest $2 million for foreign employees, with a 1% annual maintenance fee.
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