President Trump introduces New Premium Visa Program

1. Core Announcement

• Status: The U.S. President Donald Trump signed an executive order to establish a new visa program.
• Target Audience: One of the targeted groups of the program is wealthy individuals and businesses targeting to obtain U.S. residency.
• Branding: The visas are branded, as Trump Gold Card .

2. Tiers and Main features of a program.

• Trump Gold Card (Individual):
  • Price: Investment of 1 million dollars and application processing fee of 15000 dollars .
  • Condition: The applicants are required to have standard checks of their backgrounds.
• Trump Platinum Card (Personal):
  • Cost: Priced at $5 million.
  • Key Advantage: Provides a major tax exemption on foreign-sourced income to the holders who remain within the U.S. not exceeding 270 days annually.
  • Status: This particular tax credit is waiting to be approved by Congress.
• Trump Corporate Gold Card:
  • Cost: $2 million per employee.
  • Details: The visa access can be transferred to the employees of the company once the first vetting is done.

3. Rational Strategic Reason and Influence to Existing System.

• Financial Objective: The major aim is to make billions of revenue. This money is supposed to assist in the reduction of taxes, clearing of national debt, and the U.S. trade.
• Renewal of Current Visas: The Gold Card will substitute the EB-1 and EB-2 Visa categories (for people of extraordinary ability and advanced qualifications), as stated by the Commerce Secretary, Howard Lutnick. Other categories of green cards basing on employment can be suspended.
• Wider Immigration Background: The introduction is accompanied by another event of radically raising the price of the H-1B visa to 100,000 dollars. This two-sided strategy has affected badly the stock prices of leading IT consulting firms such as Accenture and Cognizant as an indicator of abandoning the skill-based temporary worker programs in favor of high-value investor immigration.