TRUMP GOLD CARD: PERMANENT RESIDENCE CARD HOLDER MILLION DOLLARS FOR THE WORLD'S SUPER-RICH

In recent times, government, President Donald Trump announced an immigration program bearing the name Trump Gold Card, which allows foreigners can be considered for permanent residence in the Us through a donation finance, with a starting of $ 1 million.

1. The goal of the Gold Card

  • Attract capital from the new global super-rich.
  • Simplified procedure compared with the area of investment trouble as EB-5.
  • Increased international competition when many countries have “Golden Visa” or “passport investment”.
  • Create new source of revenue for the U.s. government to re-invest in infrastructure and industry.

2. How to operate the program

 Financial conditions

  • Personal: contributions of $ 1 million non-refundable for The U.s. department of commerce.
  • Business: if the support staff, the contribution is 2 million USD/person.
  • The applicant must pay an additional processing fee record and pass the security check.

 Major benefits

  • Who owns the Gold Card is issued permanent resident (green card) under the preference EB-1 or EB-2.
  • Companies can “move right” funding between the employees without closing completely new.
  • There is an enhanced version of the Platinum Card (card platinum 5 million), permitted to stay in America to 270 days/year without taxable income globally.

 Implementation

  • The Ministries are required 90 days to set up the process.
  • Contributions will be put into the treasury, for the development of national economy.
  • The government is still building up detail for the Corporate Gold Card and Platinum Card.

3. Potential benefits

For America

  • Billions of DOLLARS can pour into the federal budget.
  • In direct competition with the program the Golden Visa in Europe, the Middle East.
  • Attract new global super-rich, to create a network economy and international relations new.

With respect to personal & business

  • Shorten the waiting time for a green card.
  • Open the opportunity of residence, business, education for family applicants.
  • International business retain the best talent through funding from Gold Card.
  • Platinum Card also has the special advantage of the tax.

4. The problem the current

Legal: Many experts in the law said that no President can change policy, immigration without going through congress. The risk of litigation and disable is very high.

Security risks: getting millions of DOLLARS from individuals or institutions abroad the potential risk of money laundering, terrorist financing or hide the calendar.

Influence to the traditional look: Gold Card can make the EB-5 and the other investment loss of attraction, or is cast aside. People are waiting to record the EB-1, EB-2 can suffer if Gold Card priority processing.

5. Future prospects

  • If success: America can create the huge inflows of capital, enhanced competitive position in global race “Golden Visa”.
  • If failed: Gold Card can be stopped early, became the example for the conflict between law and politics.
  • Script intermediaries: the program still exists, but is narrow, lift criteria, security, or lower contribution rates to attract more.

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