‘Trump Card is coming’: $ 5m Gold Card offered American residence, which is now accepting applications; Main details

The too much hyp “Trump Card” is now officially open to registration, which gives rich foreigners a chance to join the waiting list. US President Donald Trump described it as a premium route towards American citizenship, which is for tags of $ 5 million.The official website, Trumpcard.gov, offers an image of the shiny gold -colored card, complete with the photo, signature and name of Trump. The form asks for basic details such as names, emails, original areas, and whether the applicant is applying as an individual or business.

Trump card Coming! Trump announced his launch on his social media platform Truth Social, “For five million dollars, Trump Card is coming! Thousands of people are calling and asking how they can sign up to ride a beautiful road to get access to the greatest country and market anywhere in the world.”“The waiting list is now open,” he said.The website lists eight regions to select applicants: Europe, Asia (including Middle East), North America, Oceania, Central America, South America, Caribbean and Africa.Above the details, the site ensures that when the access opens, the applicants will be informed: ‘Enter your information below which is informed to reach the time.’What the card promises – and what it is notTrump claims that the card offers “a route to citizenship”, but he has clarified that it does not guarantee immediate entry or naturalization. “It is somewhat like a green card, but on high levels of sophistication,” Potus has claimed.The Trump administration insisted that the new card does not require approval from the Congress, as it does not provide citizenship. White house officials have said that according to the report of USA Today, more information will be released soon.Under the current American Naturalization System, immigrants should usually be a valid permanent resident for at least five years, completing age and language criteria, and have a clean record.A replacement for EB-5?Trump previously proposed the Trump Card as a replacement for the EB -5 investor visa program earlier this year, offering green cards to foreigners who invest between $ 800,000 and $ 1.05 million in American job -making projects. The EB-5 program has been suffering from allegations of backlog and fraud for a long time.Trump said in February, “Rich people will buy this card and come to our country.” “They will be rich, and they will succeed, and they will spend a lot of money, and will pay a lot of taxes and will give employment to many people.”He said, “It is a way of citizenship for people and people of wealth or people of great talent, where people of wealth pay for those of talent.”Major tax benefits for card holdersOne of the major sales points of the Trump card seems to be its possible tax profit. Trump has suggested that gold card buyers will be taxed only on their US earnings, unlike green card holders, which are taxed worldwide. This is likely to appeal to many high-net-value individuals who have avoided transferring in the US due to their global tax obligations.Unlike the EB -5 visa program to the Trump card, applicants do not find it necessary to launch US -based jobs or businesses. US Commerce Secretary Howard Lutnik has claimed that 1,000 cards were sold in a single day, even though the program is yet to be launched officially. According to Lutnik, some 37 million people worldwide could afford the trump card.Trump has claimed that he himself was the first to buy Trump card. “I didn’t know who the other would be,” he said. However, the program is not designed for American citizens.