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What is the story about?
US President Donald Trump has officially launched a ‘Gold Card’ visa programme, a high-priced immigration initiative designed to attract top talent to the country. The program allows foreign nationals to get permanent residency in the country by paying $1 million to the US Treasury.
The White House says the Gold Card is a fast-track route to live and work in the US, aimed at attracting high-skilled professionals and helping companies retain top global talent.
How gold card is different from green card
A green card grants a foreign national the right to live and work permanently in the United States. It can be obtained through several ways that typically require family ties, a job offer, extraordinary ability, lottery or employer sponsorship.
Some routes, such as investor visas, also require setting up or funding a business and creating jobs.
When it comes to cost, most green card options do not require paying a huge amount of money to the US government. The Gold Card, on the other hand, is entirely based on financial contribution. For this, applicants need to pay $1 million, and there is no requirement for job creation, business investment, employer sponsorship, or family ties.
The gold card replaces the old EB-5 investor visa, which required applicants to invest in a business and create jobs.
Cost and apply for a Gold Card
Individuals who are eligible for US permanent residency and can clear all background and security checks may apply for the Gold Card. Companies are also allowed to sponsor the programme for their foreign employees.
Applicants must pay a $15,000 non-refundable processing fee for each individual or sponsored employee. In addition, individual applicants are required to contribute $1 million, while corporate sponsors must pay $2 million per employee.
Other expenses, including visa processing charges and mandatory medical examination fees, also apply.
How to apply for Trump gold card
Go to the official website, which istrumpcard.gov
Choose the type of card you are looking for, such as Individual, Corporate, or Platinum waitlist.
Fill in personal or corporate details.
Then, create amyUSCIS.gov account for updates.
After that, you are required to pay the $15,000 non-refundable processing fee.
Then, complete vetting by the Department of Homeland Security (DHS).
After approval, pay the $1 million or $2 million amount.
The White House says the Gold Card is a fast-track route to live and work in the US, aimed at attracting high-skilled professionals and helping companies retain top global talent.
How gold card is different from green card
A green card grants a foreign national the right to live and work permanently in the United States. It can be obtained through several ways that typically require family ties, a job offer, extraordinary ability, lottery or employer sponsorship.
Some routes, such as investor visas, also require setting up or funding a business and creating jobs.
When it comes to cost, most green card options do not require paying a huge amount of money to the US government. The Gold Card, on the other hand, is entirely based on financial contribution. For this, applicants need to pay $1 million, and there is no requirement for job creation, business investment, employer sponsorship, or family ties.
The gold card replaces the old EB-5 investor visa, which required applicants to invest in a business and create jobs.
Cost and apply for a Gold Card
Individuals who are eligible for US permanent residency and can clear all background and security checks may apply for the Gold Card. Companies are also allowed to sponsor the programme for their foreign employees.
Applicants must pay a $15,000 non-refundable processing fee for each individual or sponsored employee. In addition, individual applicants are required to contribute $1 million, while corporate sponsors must pay $2 million per employee.
Other expenses, including visa processing charges and mandatory medical examination fees, also apply.
How to apply for Trump gold card
Go to the official website, which istrumpcard.gov
Choose the type of card you are looking for, such as Individual, Corporate, or Platinum waitlist.
Fill in personal or corporate details.
Then, create amyUSCIS.gov account for updates.
After that, you are required to pay the $15,000 non-refundable processing fee.
Then, complete vetting by the Department of Homeland Security (DHS).
After approval, pay the $1 million or $2 million amount.
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