Trump unveils USD1 million 'Gold Card' for fast-track visas

AWANI

Donald Trump has launched a ‘Gold Card’ visa scheme, allowing wealthy foreign individuals to fast‑track residency in the U.S. for USD1 million payment.

Transcript

00:00U.S. President Donald Trump's administration has unveiled the Trump Gold Card,

00:04a visa scheme allowing wealthy foreign individuals to secure the right to live in the United States

00:10in return for a $1 million payment.

00:13Companies can also sponsor foreign employees for $2 million.

00:20The program promises residency in what it calls record time.

00:24Applications start with a $15,000 processing fee,

00:27followed by the $1 million contribution once background checks are cleared.

00:32Commerce Secretary Howard Lutnick says around 10,000 people pre-registered

00:36and expects the numbers to grow.

00:39He added the Gold Card would bring in applicants who could benefit the U.S. economy,

00:43comparing them to average green card holders,

00:45who he said earn less than typical Americans and are likely to rely on public assistance.

00:51The Trump administration hopes the scheme will generate more than $100 billion.

00:55It is also planning a platinum card.

00:58For $5 million, holders could spend up to 270 days a year in the U.S.

01:04without paying tax on income earned abroad.

01:07The announcement comes as the administration continues a broad immigration crackdown,

01:12reducing both undocumented and legal migration.

01:14Copyright Australian Broadcasting Corporation

01:15by thefort

01:23the FedEx

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