The United States has announced a new immigration plan known as the President Trump Gold Card, aimed at wealthy foreign nationals who want to live and work in America.
The programme offers permanent residency in the US in exchange for a large financial contribution to the government. It is being described as a faster route to residency for high-net-worth individuals.
What is the Trump Gold Card?
The Trump Gold Card is a special residency programme that allows foreign nationals to apply for lawful permanent residence, similar to a Green Card. Unlike traditional visa routes, the Gold Card is based mainly on financial contribution rather than employment or family ties.
US officials say the scheme is meant to attract rich investors who can support the American economy.
How does it work?
Applicants are required to go through background checks and security screening. Once approved, they must make a significant payment to the US government.
Reports say the contribution runs into millions of dollars, alongside an additional processing fee. After completion, successful applicants receive permanent residency status.
There is also a version of the programme that allows companies to sponsor foreign workers under the same scheme, at a higher cost.
Who can apply?
The programme is open to foreign nationals with substantial financial means. Applicants must pass immigration vetting, security checks and other legal requirements.
US authorities say the Gold Card does not remove existing immigration laws but offers an alternative path for those who can afford it.
Path to citizenship
Gold Card holders can later apply for US citizenship, provided they meet residency and legal requirements. This process follows the same rules as other permanent residents.
Why is it controversial?
Critics argue that the programme favours the wealthy and creates inequality in the immigration system. Some legal experts have also questioned whether such a programme should be approved by Congress.
Supporters, however, say it could bring new investment into the US and help boost the economy.
How is it different from other visas?
The Gold Card is often compared to the older EB-5 investor visa, which required job creation. The new programme focuses more on direct financial contribution rather than investment projects.
What happens next?
The US government says applications are now open, while debates continue over the legality and fairness of the programme.
As discussions go on, the Trump Gold Card is already drawing global attention from foreign nationals interested in a faster route to living in the United States.
