President Trump has announced his highly anticipated immigration gold medal, which provides new visa paths for the world’s wealthiest immigrants at a price of $1 million.
“They will spend a lot of money in,” Trump said in the Oval Office on Friday. “It will raise billions of dollars, billions of dollars in costs, which will reduce taxes, pay off debts and other good things.”
The website Trumppcard.gov said individuals can pay $1 million and receive processing fees and after review, they will receive “record time with Trump’s gold medal.”
The Minister of Commerce will have 80,000 available for purchase Howard Lutnik Tell reporters after the order was signed.
If the company sponsors employees, the price will increase to $2 million. After the charge and review, a Trump company gold medal will be received.
“The Trump Corporate Gold Card allows your business to transfer access from one employee and grant it to another employee and receive transfer fees and DHS review fees. A small number of annual maintenance fees will also apply,” the website said.
Mr.’s audit fee is $15,000. Lutnik explain. Those who receive gold and business cards will pay global taxes and have a path to citizenship.
“We will be able to make people in our country very productive, and in many cases these companies will pay a lot of money for it, and they are very happy about it,” Mr. Trump said.
Another option is the Trump Platinum Card, which will be launched soon, the website said. The price of the platinum card will be $5 million and allows individuals to “spend up to 270 days in the United States to tax non-U.S. income.”
Individuals who obtain a platinum card will have no path to citizenship. Lutnik explain.
Gold medals have been highly anticipated since the first announced gold card in February. The original idea for the card was to replace the EB-5 program (also known as Golden Visa) and if the foreigner invested in a certain amount of money, it allowed the foreigner to obtain a green card, creating at least 10 jobs.
gentlemen. Lutnik Friday said the 80,000 visa will replace the EB-1 and EB-2 programs, “We will go from there.”
He estimates that the gold card program will bring more than $100 billion in funding, and the platinum card will bring $1 trillion to the U.S. Treasury Department, which will be used to reduce debt.
“We will only bring extraordinary people to the highest,” he said. “ Rather than trying to get jobs from Americans, we will create businesses and create jobs for Americans.”
Investing in US investments in the nonprofit industry trade association representing the EB-5 Regional Center program, commending the President and Mr. Lutnik “Because they continue to focus on expanding our financially beneficial immigration pathways.”
The president also signed an order that requires a $100,000 annual application fee for H-1B visas, which allows U.S. companies to hire foreign workers with outstanding specific professional skills. To reduce the number of people applying and “make sure the people they bring are actually very skilled and that they cannot be replaced by American workers.”
The visa has been three years, but it can be renewed once, totaling six years.
“If you’re going to train people, you’re going to train Americans.” Lutnik Tell reporters after the order was signed.
Immigration attorney J. Mike Sevilla said changes to H1-B application will harm multiple industries.
“The H-1B petition will cause devastating expenses for multiple industries as this will greatly prohibit the hiring of foreign national talent in this visa classification. Practitioners are eager to see how much truth there is in this report and evaluate the details to best advise their clients.”
