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2 Reasons Grant Cardone Is a Fan of Trump’s Gold Card Initiative
Yahoo Finance· 2026-03-19 10:05
Core Viewpoint - The Trump Gold Card initiative aims to attract wealthy foreigners to invest in the U.S. economy by offering a fast-tracked path to U.S. residency in exchange for significant financial contributions [3]. Group 1: Trump Gold Card Overview - The Trump Gold Card is a new U.S. immigration program launched in December 2025, allowing wealthy foreigners to gain U.S. residency by making a financial contribution to the U.S. Treasury, starting at $1 million [3]. - The program includes different tiers, such as the individual card requiring a $15,000 processing fee and a $1 million contribution, and a corporate card for companies at $2 million [6]. Group 2: Economic Impact - The initiative is expected to attract high-net-worth individuals who will bring purchasing power, investments, and job creation to the U.S. economy [2]. - By encouraging foreign companies to invest in the U.S., the program could lead to a lower unemployment rate as these companies establish facilities to avoid tariffs, similar to actions taken by Taiwan Semiconductor Manufacturing [5]. Group 3: Investment and Job Creation - A primary benefit of the Trump Gold Card is that it requires foreign businesses to invest their own capital in the U.S., rather than relying on taxpayer-funded corporate tax credits, thereby creating jobs without additional costs to taxpayers [4].
Trump Launches $1Million 'Gold' And $5Million 'Platinum' Cards Promising Fast-Track US Residency, Tax Advantages For Wealthy Foreigners
Yahoo Finance· 2025-12-13 02:31
Core Points - President Trump has introduced two high-priced immigration programs, the "Trump Gold Card" and "Trump Platinum Card," aimed at wealthy applicants seeking fast-track residency and tax advantages in the U.S. [1][2] Group 1: Trump Gold Card - The "Trump Gold Card" offers U.S. residency in record time for applicants who pay a $15,000 Department of Homeland Security processing fee and make a $1 million contribution, pending background approval [2][5]. - Qualified applicants who pass the vetting process can pursue U.S. citizenship after five years [6]. Group 2: Trump Platinum Card - The "Trump Platinum Card" allows foreign nationals to spend up to 270 days a year in the U.S. without incurring taxes on non-U.S. income [3]. - Applicants must pay a $15,000 processing fee and a $5 million contribution to join the program, which also eliminates the need for travel visas [4]. Group 3: Government Support and Impact - The program is supported by the Department of Homeland Security and the Department of Commerce, providing expedited EB-1 or EB-2 green cards for contributions of $1 million and $2 million, respectively [7]. - The initiative is expected to help American companies retain key talent by providing a clear path to citizenship for employees [5][6].