United States President Donald Trump on Wednesday introduced the rapid launch of the “Gold Card” a brand new pathway to everlasting resident standing in change for a considerable monetary contribution to the US Treasury made by a international nationwide. The brand new visa will each entice rich immigrants and supply US firms a streamlined option to retain extremely expert international expertise.
The official “Gold Card” web site is on-line, and the White Home is now taking functions on-line for the brand new immigration class.
The Particular person ‘Trump Gold Card’
President Trump stated the proposal was “considerably like a inexperienced card, however with huge benefits over a inexperienced card.”
Monetary Requirement: Utility-seekers should pay a non-refundable sum of $15,000 as a processing payment to DHS upfront.
Donation for Residency: As soon as the person has handed the expedited “vetting” course of, she or he is required to make a “$1 million present” to the US Treasury. The present is, fairly actually, “proof that the person will considerably profit america.”
Expedited Processing: The web site says that the entire petition approval and visa adjudication course of can be processed on an expedited foundation upon receipt of an preliminary processing payment.
The Company Expertise Retention Program
The ‘Trump Company Gold Card’ factor will forestall extremely certified international graduates from leaving the US as soon as they full their schooling.
Company Sponsorship: The cardboard will allow companies to retain international expertise via changing into a company sponsor. Trump made it clear that its use can be prolonged to graduates: “Corporations are going to have the ability to go to the Wharton Faculty of Finance, Stern Enterprise Faculty, Harvard, MIT, wherever you could get your college students, any faculty, and also you’re in a position to purchase a card and maintain that particular person in america.”
Company Charges: A company sponsor should additionally pay a $15,000 per worker processing payment and a $2 million per worker present upon completion of the vetting course of.
Transferability: The company card consists of the next vital profit: “Company sponsors might stop sponsoring one worker and use the present contribution tied to the prior software as a foundation for sponsoring a brand new worker, with out a new $2 million present.”
Charges: The corporate card has a really minimal 1% annual upkeep payment, and a 5% switch payment to cowl the price of a brand new DHS background verify within the occasion of a substitute worker.
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