Latest news with #GoldCardVisa
Associated Press
27-05-2025
- Business
- Associated Press
Global Immigration Partners Offers Expert Guidance on Trump's New $5 Million 'Gold Card' Visa Program
Global Immigration Partners announces its readiness to assist high-net-worth individuals interested in the newly introduced U.S. 'Gold Card' visa program. WASHINGTON DC, DC, UNITED STATES, May 27, 2025 / / -- Global Immigration Partners, a leading international immigration law firm, announces its readiness to assist high-net-worth individuals interested in the newly introduced U.S. 'Gold Card' visa program. This initiative, unveiled by President Donald Trump, provides a pathway to U.S. permanent residency and eventual citizenship for foreign nationals who invest $5 million in the United States. The official registration portal, TrumpCard, is set to launch within the next week, allowing prospective applicants to express their interest in the program. Commerce Secretary Howard Lutnick has indicated that the administration aims to attract up to one million investors through this program, potentially generating significant revenue to address the national debt. Key Features of the Gold Card Visa: Investment Requirement: A direct $5 million investment into the U.S. economy. Residency Benefits: Grants permanent U.S. residency with the potential for citizenship. Simplified Process: Unlike the EB-5 visa, the Gold Card does not mandate specific job creation or investment in targeted employment areas. Tax Considerations: Reports suggest possible exemptions from U.S. taxes on foreign income, though official details are pending. Global Immigration Partners offers comprehensive legal services to navigate the complexities of this new visa program. With offices in Washington D.C., London, and Rome, the firm is well-positioned to assist clients worldwide. About Global Immigration Partners: Global Immigration Partners is a premier immigration law firm specialising in U.S. and international immigration solutions. The firm provides expert legal counsel on various visa categories, including investor visas, family-based immigration, and corporate immigration services. Contact Information: Washington D.C. Office: 1717 Pennsylvania Avenue NW, Suite 1025 Washington D.C. 20006 Phone: (+1) 267-507-6078 London Office: 1 Mayfair Place London W1J 8AJ United Kingdom Phone: (+44) 020-3769-9624 Rome Office: Piazza di San Silvestro, 8 00187 Rome, Italy Phone: (+39) 06 4521 4844 For more information, visit Press Secretary Global Immigration Partners PLLC +1 267-507-6078 email us here Visit us on social media: LinkedIn Bluesky Instagram Facebook YouTube TikTok X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
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First Post
22-05-2025
- Business
- First Post
Rich foreigners with $5 million to spare can soon register to buy Trump's 'Gold Card' visa, says Lutnick
Lutnick has stated that the card would serve as a replacement for the US government's EB-5 immigrant investor visa program, which offers green cards to foreign nationals who invest $1.8 million in the country, or $900,000 in designated economically distressed areas read more US Commerce Secretary Howard Lutnick has announced that rich foreign nationals can soon register to purchase the $5 million worth 'gold card' visa, which gives people premium access to American citizenship. 'I expect there will be a website up called 'Trump card dot gov' in about a week. The details of that will come soon after, but people can start to register,' he said. Lutnick has stated that the card would serve as a replacement for the US government's EB-5 immigrant investor visa program, which offers green cards to foreign nationals who invest $1.8 million in the country, or $900,000 in designated economically distressed areas. STORY CONTINUES BELOW THIS AD Lutnick has also suggested that 'many' have expressed interest in buying the Gold Card Visa, claiming that he was already 'selling cards' during his recent visit to West Asia. 'Basically, everyone I meet who is not an American is going to want to buy this card if they have the fiscal capacity,' Lutnick said. What is the 'gold card'? In February, Trump proposed replacing the EB-5 visa program for foreign investors with a 'gold card' that could be purchased for $5 million as a pathway to American citizenship. Trump announced plans to replace the EB-5 immigrant investor visa program, which allows foreign investors to become permanent residents by investing large sums of money that create or preserve US jobs, with a 'gold card.' The EB-5 program grants green cards to foreigners who promise to invest in US businesses. 'We are going to be selling a gold card,' Trump said. 'We are going to be pricing that card at about $5 million.' 'It's going to offer green card privileges and serve as a route to American citizenship, attracting wealthy individuals to our country by purchasing this card,' Trump added, noting that details about the plan would be revealed in two weeks. STORY CONTINUES BELOW THIS AD The 'gold card' project Led by Marko Elez and Edward Coristine from Musk's Doge, the gold card project members have held several meetings with officials from different agencies who handle visas and immigration. Doge engineers are currently figuring out a way to make the gold card system different from the usual visa process. The team is focused on accelerating standard immigration procedures, such as interviews and background checks, to grant residency to high-net-worth applicants within two weeks of their application.
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Business Standard
22-05-2025
- Business
- Business Standard
Trump's $5 million 'Gold Card' visa opens for registeration this week
The US government is set to launch its new "Gold Card" visa programme this week, allowing affluent foreign nationals to apply for permanent residency in exchange for a $5 million investment. Commerce Secretary Howard Lutnick announced that registration for this initiative will commence within a week, with a dedicated government website expected to go live soon . 'I expect there will be a website up called 'Trump card dot gov' in about a week,' Lutnick said at Axios' 'Building the Future' event in Washington, DC, on Wednesday. 'The details of that will come soon after, but people can start to register.' Key Features of the Gold Card Visa: Investment Requirement: Applicants must invest $5 million in the U.S. economy. Residency and Citizenship: The program offers a pathway to permanent U.S. residency and eventual citizenship. Lutnick has said the card would replace the government's EB-5 immigrant investor visa programme, which grants green cards to immigrants who make a comparatively smaller investment of $1.8 million into the US or $900,000 into economically distressed zones. Programme Objectives: President Donald Trump introduced the Gold Card visa as a means to attract substantial foreign investment, stimulate economic growth, and reduce fraud associated with previous programs. The administration aims to sell up to a million of these visas, potentially generating significant revenue for the U.S. economy . The Immigration and Nationality Act (INA), in its current form, does not allow for the implementation of a Gold Card program. To establish this new program, either Congress would need to pass, and the president would need to sign into law, an amendment to the INA, or the administration would need to implement the program without congressional authorization, and bank on it surviving scrutiny by the Supreme Court. US President Trump has already shown a willingness to take unorthodox steps in pursuit of his administration's immigration policy goals, though it remains to be seen whether or not he intends to see his Gold Card program through to fruition. Implications for Investors: While the higher investment threshold may limit accessibility to ultra-high-net-worth individuals, the program is expected to appeal to those seeking a stable investment environment and a secure residency option in the United States. Next Steps: Prospective applicants should monitor official announcements for the launch of the registration portal and prepare the necessary documentation to meet the investment and eligibility criteria. Despite a tough start to 2025, the USA remains the undisputed leader in private wealth creation and accumulation. The country accounts for 34% of global liquid wealth and is also home to 37% of the world's millionaires, with just over 6 million high-net-worth individuals each holding more than USD 1 million in liquid wealth, according to the 2025 wealth report by international advisory firm Henley and Partners. This wealth concentration has accelerated over the past decade, with the USA experiencing 78% millionaire growth between 2014 and 2024. The EB-5 visa program, established in 1990, was intended to stimulate the U.S. economy through job creation and capital investment by foreign investors. However, the Trump Administration has criticized it for being prone to fraud and not effectively serving its purpose. Trump's announcement implied that by raising the investment threshold and implementing stricter vetting processes, the Gold Card will attract higher-quality investors and reduce instances of fraud. Commerce Secretary Howard Lutnick said the Gold Card would replace the current EB-5 program for foreign investors, but offered few details. "In 2022, Congress reauthorized the EB-5 program through Sept. 30, 2027, with the passage of the EB-5 Reform and Integrity Act (RIA), with grandfathering provisions protecting investors who file EB-5 petitions before September 30, 2026. Investors filed under RIA are safeguarded from future modifications, regardless of subsequent changes. This legislation was enacted to improve the integrity, oversight, and stability of the EB-5 program after years of fraud concerns, program lapses, and uncertainty. The RIA introduced significant changes, including stricter compliance requirements for regional centers, increased transparency, new investor protections, and stricter rules for fund tracking and reporting. President Trump referred to abuse and fraud in the existing program when announcing the Gold Card, but did not mention all of the improvements and enhanced security introduced by the RIA. We're going to be putting a price on that card of about $5 million, and that's going to give you green card privileges, plus,' the president stated. It is unclear what the 'plus' refers to," said Jake Campbell, senior counsel, immigration at Seyfarth. The current EB-5 Program remains fully authorized through the September 30, 2027 date.
Time of India
12-05-2025
- Business
- Time of India
Elon Musk gives an update on America's Gold Card Visa programme: We are going to ...
Tesla CEO has given an update on President 's Gold Card visa program. In a post on Twitter, Elon Musk wrote that the Gold Card Visa programme is quietly being tested to ensure the system works properly. Tired of too many ads? go ad free now "We're doing a quiet trial to make sure the system works properly. Once it is fully tested, it will be rolled out to the public with an announcement by the President," Elon Musk wrote in a post on Twitter in response to a tweet from MarioNawfal. A task force under Elon Musk is reportedly working on the new US immigration initiative offering "Gold Card" residency visas for $5 million each. Engineers from Elon Musk's Department of Government Efficiency (DOGE) are working with the State Department, Department of Homeland Security , and U.S. Citizenship and Immigration Services to create a streamlined application system and website. According to a report in New York Times, the project is led by DOGE engineers Marko Elez and Edward Coristine, who are integrating federal vetting processes into the new system. Airbnb co-founder Joe Gebbia has joined, initially tasked with digitizing federal retirement systems. Elez resigned in February after controversy over a pseudonymous social media account linked to racist posts and eugenics-based immigration views, but he has since collaborated with federal agencies. Coristine, a 19-year-old known online as 'Big Balls,' was previously fired from a 2022 internship at Path due to a data leak. What is the Gold Card Visa The Gold Card program aims to fast-track residency for high-net-worth individuals, bypassing the lengthy traditional visa process with expedited background checks and interviews, targeting approval within two weeks. Unlike the EB-5 visa program, which offers green cards for $800,000-$1.05 million investments creating 10 U.S. Tired of too many ads? go ad free now jobs, the Gold Card focuses on revenue generation, replacing the EB-5's $4 billion annual contribution. Gold Card offers Permanent Residency, Not Citizenship Commerce Secretary Howard Lutnick claimed 1,000 Gold Cards have been sold, granting permanent residency to vetted individuals who pay $5 million and abide by U.S. laws. Musk is reportedly developing the software, with a launch expected soon. Former President Trump, who first proposed the Gold Cards in February as a pathway for 'very high-level people,' recently showcased a mock-up featuring his image, the Statue of Liberty, and a bald eagle, projecting a debut within weeks.
