The Trump Gold Card is a new scheme that demands foreigners to pay a $5 million one-time fee. The US government has developed a website for applicants. Interested parties can register and apply for the gold card, which is being promoted as a route to US citizenship, on their website.
When applying for the Trump Gold Card, foreign nationals must submit a few basic facts, such as their name, area, email address, and if they are applying on behalf of a business or oneself. In addition to asking candidates to choose among eight regions- Europe, Asia (including the Middle East), North America, Oceania, Central America, South America, the Caribbean, and Africa.
What is the Trump Gold Card?
A $5 million one-time payment to the US government is required for the new Trump Gold Card program. Trump claims that while the gold card will be a step toward US citizenship, it is not a guarantee of it. Gold Card holders will have a road to US citizenship through naturalization rather than instant citizenship.
The EB-5 Visa program, a well-liked method for foreigners to apply for a green card and remain lawfully in the United States, is being compared to the Trump Gold Card. In order to qualify for the EB-5 visa, one must meet job creation requirements and invest $800,000 in a Targeted Employment Area or $1,050,000 in other locations.
On the other hand, the Trump Gold Card does not require the creation of jobs, instead, it demands a $5 million straight payment to the US government.
With a million cards earning $5 trillion and 10 million cards collecting $50 trillion for the government, Trump claims the Gold Card could potentially cover the $35 trillion US deficit. The program’s implementation and the advantages it will provide applicants with are still unknown, though.
Global people can now register for the $5 million Trump Gold Card, as the website has gone live. Although the initiative is being promoted as a route to US citizenship, it is unclear how it will be carried out and what advantages applicants will receive. Although there are several differences between the program and the EB-5 Visa program, they are being compared. It will be crucial to keep an eye on the program’s effects on the US economy and immigration situation as it develops.
