"President Donald Trump took his most extensive step yet toward overhauling the US legal migration system, with a pair of proclamations that explicitly favor the wealthiest of the world's prospective expat workers. Trump on Friday slapped a $100,000 application fee on the widely used H-1B visa program, a move that would drastically increase the cost of visas heavily coveted by some of America's largest companies seeking to bring in skilled workers from abroad."
"The president also unveiled a Trump Gold Card visa program where for the price of $1 million, individuals could get US residency. Businesses could buy residency permits for $2 million per employee, while a new platinum-level card set to be issued soon would cost $5 million and allow the holder to come to the US for up to 270 days a year without being subject to US taxes on non-US income."
President Donald Trump imposed a $100,000 application fee on the H-1B visa program and introduced a Trump Gold Card residency scheme. Individuals can obtain residency for $1 million, businesses can buy residency permits for $2 million per employee, and a forthcoming $5 million platinum card permits up to 270 days in the US without US taxation on non-US income. The measures take effect Sunday. The plan prioritizes wealthy migrants and investors while raising barriers for lower-income and other prospective workers. Administration officials projected potential revenue exceeding $100 billion, and immigration attorneys warned of major disruptions.
Read at www.mercurynews.com
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