Trump's Gold Card Visa Programme Approves First Applicant, Hundreds More Under Review
Commerce Secretary Howard Lutnick testifies that one applicant approved under $1 million residency programme, with 'extraordinary vetting' required
En resumen
- The Trump administration's Gold Card visa programme has approved only one applicant so far, Commerce Secretary Howard Lutnick told a US House committee on Thursday.
- The programme offers US residency in exchange for a $1 million fee plus a $15,000 processing charge.
- Hundreds of applications are under review, with all candidates required to undergo 'extraordinary vetting'.
Resumen generado por IA
Por qué importa
The Gold Card visa programme was launched by the Trump administration as a pathway to US residency for wealthy individuals willing to pay $1 million. It is similar to existing investor visa programmes but with higher fees and promises of 'extraordinary vetting'. The programme is being promoted as a way to attract talent and financial investment to the United States.
The United States has approved only one applicant so far under President Donald Trump's 'Gold Card' visa programme. According to Commerce Secretary Howard Lutnick, the visa programme will offer US residency in exchange for a $1 million fee. Testifying before a US House committee on Thursday, Lutnick said that the identity of the approved applicant was not disclosed. He added that 'hundreds' of other applications are currently under review, Bloomberg reported. According to him, all applicants must undergo 'extraordinary vetting' and pay a $15,000 processing fee before approval. The Trump administration began accepting applications for the visa in December. The programme is being promoted as a way to attract wealthy and skilled individuals to the United States by offering permanent residency in exchange for a substantial financial contribution. Lutnick said the initiative is intended to bring talent into the country, though he did not provide details on processing timelines or selection criteria.
Preguntas abiertas
- What are the specific criteria for approval beyond paying $1 million?
- How long does the 'extraordinary vetting' process typically take?
- What happens to the $15,000 processing fee if an application is denied?
- Will there be quotas on how many Gold Cards are issued annually?
