Trump Unveils $1 Million 'Gold Card' Visa Program for Wealthy Applicants

US President Donald Trump has officially launched his long-promised 'gold card' visa program, offering legal residency and a pathway to US citizenship for individuals willing to invest $1 million or corporations paying $2 million per foreign-born employee. Announced at the White House alongside business leaders, the initiative aims to attract top global talent and generate substantial revenue for the US Treasury. The program replaces the EB-5 visa system, established in 1990, which required a $1 million investment in businesses employing at least 10 people. Trump emphasized the scheme's potential to retain exceptional graduates from US universities who often face visa uncertainties. Commerce Secretary Howard Lutnick confirmed a $15,000 vetting fee for each application, ensuring thorough screening. The program aligns with Trump's broader immigration strategy, shifting focus towards wealthier and highly skilled applicants.