Trump's 'Gold Card' programme falls short of expectations
Donald Trump’s "Golden Card" program, which offers expedited U.S. residency for a $1 million fee, has reportedly seen a significantly lower adoption rate than initially claimed. While the former president previously suggested that $1.3 billion worth of cards were sold within days, Commerce Secretary Howard Lutnick confirmed that only one individual has actually secured residency through the initiative so far. Under the program's terms, corporations must also pay $2 million plus additional fees to obtain visas for their foreign employees. This stark discrepancy between official reports and earlier rhetoric highlights the program's struggle to gain momentum among high-net-worth investors.
The "Gold Card" programme launched in the United States has turned out to be far less in demand than expected.
According to the Associated Press, so far only one person has obtained the right to live and work in the US through this visa.
This information was provided by US Commerce Secretary Howard Lutnick and contrasts sharply with previous statements.
This is because President Donald Trump had earlier said that "Gold Cards" worth 1.3 billion dollars had been sold within just a few days.
Under the programme, individuals can obtain expedited residency rights by paying 1 million dollars.
In addition, companies are required to pay 2 million dollars and additional fees to bring in their employees.
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