U.S. Gold Card Visa Program Approves One Applicant After Launch
The U.S. gold card visa program, requiring at least $1 million for foreigners to live and work in the country, has approved one person since its December launch. Commerce Secretary Howard Lutnick announced the milestone at a congressional hearing, noting hundreds of applicants await processing. The initiative aims to replace the EB-5 program and generate revenue.
thehindu.comU.S. gold card visa program has approved one person since launching in December, Commerce Secretary Howard Lutnick stated at a congressional committee hearing on Thursday. U.S. He added that officials 'just set it up, and they wanted to make sure they did it perfectly' to ensure proper implementation.
3 billion worth of gold cards in several days. ' Lutnick did not address a discrepancy in an exchange with a congresswoman at Thursday's committee hearing regarding the initial sales claim and the single approval so far. President Trump pushed the gold card idea last year, initially suggesting a cost of $5 million.
On April 3, 2025, Trump held a $5 million gold card while speaking to reporters on Air Force One. U.S. visas to people who invested about $1 million in a company with at least 10 employees. Each gold card applicant pays a $15,000 fee in addition to $1 million, which allows for rigorous vetting, Lutnick said.
U.S. citizenship and includes a 1% annual maintenance fee. Corporations can pay $2 million for a foreign-born employee under the program. A year ago, Lutnick said at a cabinet meeting that the gold card would raise $1 trillion in revenue and help balance the budget.
S. 3 trillion. Projections by the Committee for a Responsible Federal Budget indicate this fiscal year's annual budget deficit will be roughly $2 trillion. The government website features the phrase 'Unlock life in America' above a depiction of a gold card showing Trump's stern visage, a bald eagle, the Statue of Liberty, and his squiggled signature.
U.S. income. ' Dozens of countries offer versions of golden visas to wealthy individuals, including the United Kingdom, Spain, Greece, Malta, Australia, Canada, and Italy. The article was published by NBC News on April 24, 2026, at 8:52 AM EDT.
Com is dated April 23, 2026, at 5:40 PM.
