Trump Introduces 'Golden Visa' Initiative with New Website Launch
The new US residency permit, marketed at $5 million, aims to attract wealthy investors amid heightened immigration scrutiny.
United States President Donald Trump has launched a new website to promote a proposed residency permit, informally dubbed the 'Golden Visa,' which is expected to cost $5 million.
Trump announced that the waiting list for this visa has opened, inviting prospective applicants to register their interest.
In a recent social media post, he indicated that demand for such opportunities is substantial, stating that "thousands have been calling" to inquire about participation.
The concept of the 'Golden Visa' was first introduced by Trump in April during a flight aboard Air Force One, where he presented a golden prototype adorned with his likeness.
He expressed aspirations to make the special permit available within a two-week timeframe.
A mock-up of the card has also been featured on the website.
Trump has previously described the card as a potential “route to citizenship,” clarifying that it would not automatically guarantee citizenship but would facilitate entry for wealthy individuals willing to invest.
While he has claimed this initiative will attract high-net-worth individuals to the United States, the specific details of how the program will be implemented remain largely undefined.
The website launched on Thursday enables interested individuals to submit their information, including their name, location, preferred visa type, and email address, to receive updates regarding the visa's availability.
Trump has indicated that this visa will serve as a high-end alternative to the traditional green card, potentially generating new employment opportunities and contributing to the reduction of the national debt.
Howard Lutnick, the US Secretary of Commerce, noted that this initiative aims to replace the current EB-5 visa program, which allows foreign investors to gain permanent residency by investing approximately $1 million and creating at least 10 full-time jobs within the United States.
This announcement occurs amidst a backdrop of intensified immigration enforcement actions across the country, leading to widespread protests in major cities such as Los Angeles and New York.
Critics of the administration have raised concerns over potential human rights violations related to the increased immigration crackdown.
In February, Trump projected confidence in the initiative, estimating that his administration could sell up to one million of these cards, with the possibility of including foreign investors, including Russian oligarchs, in the program's scope.
Trump announced that the waiting list for this visa has opened, inviting prospective applicants to register their interest.
In a recent social media post, he indicated that demand for such opportunities is substantial, stating that "thousands have been calling" to inquire about participation.
The concept of the 'Golden Visa' was first introduced by Trump in April during a flight aboard Air Force One, where he presented a golden prototype adorned with his likeness.
He expressed aspirations to make the special permit available within a two-week timeframe.
A mock-up of the card has also been featured on the website.
Trump has previously described the card as a potential “route to citizenship,” clarifying that it would not automatically guarantee citizenship but would facilitate entry for wealthy individuals willing to invest.
While he has claimed this initiative will attract high-net-worth individuals to the United States, the specific details of how the program will be implemented remain largely undefined.
The website launched on Thursday enables interested individuals to submit their information, including their name, location, preferred visa type, and email address, to receive updates regarding the visa's availability.
Trump has indicated that this visa will serve as a high-end alternative to the traditional green card, potentially generating new employment opportunities and contributing to the reduction of the national debt.
Howard Lutnick, the US Secretary of Commerce, noted that this initiative aims to replace the current EB-5 visa program, which allows foreign investors to gain permanent residency by investing approximately $1 million and creating at least 10 full-time jobs within the United States.
This announcement occurs amidst a backdrop of intensified immigration enforcement actions across the country, leading to widespread protests in major cities such as Los Angeles and New York.
Critics of the administration have raised concerns over potential human rights violations related to the increased immigration crackdown.
In February, Trump projected confidence in the initiative, estimating that his administration could sell up to one million of these cards, with the possibility of including foreign investors, including Russian oligarchs, in the program's scope.
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