When will Trump’s $ 5 million gold card visa be launched? US Commerce Secretary Lutynic provides Big update

Capital will have access to a new “Gold Card” visa program in about a week, providing a permanent residence and functioning authority in the United States on Wednesday, the Capital announced a new “gold card” visa program in about a week.Speaking in the creation of a future program at Washington, DC, Lutynik revealed that the initiative presented by President Donald Trump aims to attract high-pure-valued persons to invest in the country instead of a well-organized route for American residence. Lutnik said, “I hope that there will be a website called Trumpcard.Gow in about a week.” He said, “Its details will come soon, but people can start registering.”While the complete nuances of the program will be revealed in the coming weeks, Lutnik confirmed that it is to change the existing EB -5 immigrant investor program. Under the current EB -5 scheme, green cards are available to foreign investors, which contribute $ 1.8 million to the US economy -or $ 900,000 in economically threatened areas.The proposed “gold card” will require significantly higher investment of $ 5 million, but will offer extended privileges, including a route to American citizenship.Trump proposed this visa for the first time in February earlier this year. In an announcement from the Oval office, he said, “We are going to pay a price on that card of about 5 million dollars.” He said, “It is going to give you a green card privilege, as well as it is going to be a route for citizenship. And rich people are coming to our country by purchasing this card,” he further said.Lutnik suggested that interest in the program is already strong, especially among people with high-pure values ​​abroad. Referring to a recent visit to the Middle East, he said, “Originally, everyone who is not an American, wants to buy this card- if they have fiscal ability.”He also implicated the initiative as part of a comprehensive economic strategy, claiming that it can help reduce the US federal debt, which is currently more than $ 36 trillion. He said, “These are going to be great people who are coming and going to bring business and opportunities in the US, and they are going to pay $ 5 million,” he said, “If there are 200,000 people who pay, it is a trillion dollar. He pays for everything. ,However, immigration experts mention that approval will be required from the US Congress to create a new visa category, questioning the legal and legislative viability of the plan.What is Gold Card Visa Plan?The US Gold Card initiative, priced at $ 5 million, has been proposed as the successor of the current EB -5 immigrant investor visa scheme.The EB-5 program established in 1990, currently enables foreign nationals to secure green cards through commercial investment. The qualifying criteria includes a minimum investment of $ 1 million in a commercial venture, or $ 800,000 in economically deprived areas, with the need to create at least 10 jobs, $ 800,000.In 2024, the authorities gave over 4,500 EB -5 visas. According to Trump’s announcement, the proposed gold card program will work without any numerical ban on issuing.Further details, including eligibility criteria and implementation time limit, are expected to be released by the Department of Commerce in the coming weeks.