Latest news with #TrumpCard
Hindustan Times
2 days ago
- Business
- Hindustan Times
Want Trump's Gold Card? Here's how to join the waitlist
President Donald Trump's Gold Card program took a step towards possibly materializing into reality for interested parties quite soon. Ever since he stepped back into the White House, the Trump administration has been flouting the ideas of a $5 million investment-based system that would provide fast-track US residency to the wealthiest pockets around the world. Although there had been no official clarification on how to apply for such a program up until now, a Truth Social post by the President on June 12 declared that the 'THE WAITING LIST IS NOW OPEN'. The official website for registration ( now has an established mechanism to gather information from those interested in buying into the program. People can go on to the website and provide their name, region, interest (individual/ business), beneficiary (self/ family/ spouse/ other), and email ID. Although the card hasn't officially been released yet, the wait list is a method for the administration to create a database of interested parties. 'The Trump Card is coming. Enter your information below to be notified the moment access opens,' is all the website reads as of the moment. The Trump Card or Gold Card is a proposal presented by the current administration to help boost the US economy by attracting million-dollar investments from wealthy foreign nationals and providing a fast track route to possible citizenship. If implemented, the program will replace the current EB-5 mechanism, which allows individuals to obtain green cards by investing $1,050,000 (or $800,000 in specified low-employment areas) in the economy, along with job creation. Commerce Secretary Howard Lutnick has claimed widespread interest in purchasing the card from his interactions with Middle Eastern tycoons and expects the program to close the country's multi-trillion-dollar debt. Many experts have, however, pointed to the legal feasibility of introducing such a massive change to immigration policy via executive order and discovered gaps that challenge predictions of the program's success. No legislation has been passed in Congress in regard to the program as of yet.
Gulf Insider
3 days ago
- Politics
- Gulf Insider
"Unconditional Surrender!"
So, no, President Trump didn't leave the G7 to discuss a Middle-East ceasefire. From the Situation Room, he instead declared: ' we' now have total control over Iranian airspace; 'we' know where Supreme Leader Khamenei is bunkering down but are not going to kill him (yet); and that Iran must offer its 'UNCONDITIONAL SURRENDER!' So, is the US going to enter the war despite the risk of possible attacks on its bases? Anonymous claim a false flag attack on US soil perpetrated by what's clearly implied as Israel looms to drag it into the war: but isn't the war part obvious(?) Khamanei tweeted from his bunker –presumably not on a new gold Trump phone– 'The Battle begins', referring to Khaybar, Shia Islam's conquest of a Saudi Jewish town in 628CE. The unofficial Shah of Iran, abroad, called for an uprising with unsubstantiated claims some of Iran's military may defect to him, as parts of Tehran were evacuated, Israel hit more military facilities, and some ATM machines stopped functioning. Regime change really can't be ruled out, it seems: but what then? And who will have control of the nuclear material scattered round the country? Click here to read more Also read: Lutnick Says Nearly 70,000 Have Signed Up For $5 Million 'Trump Card' Investor Visa
Gulf Insider
3 days ago
- Business
- Gulf Insider
Lutnick: Nearly 70,000 Sign Up for $5M ‘Trump Card' Visa
Nearly 70,000 people have signed up for the 'Trump Card,' a proposed U.S. visa program that would offer legal residency to foreign nationals willing to pay a $5 million fee to the United States, according to Commerce Secretary Howard Lutnick. Lutnick, who's spearheading the initiative, told the Financial Times on June 17 that 68,703 individuals—and counting—had joined the waiting list via a website launched just a week ago. The Trump Card, which he said 'will be made of gold,' prominently features President Donald Trump's image and the $5 million initiative is being pitched as a dual-purpose policy: a strategy to attract high-net-worth business leaders who would live in the United States, create jobs, and pay taxes, and a revenue-generating tool to help reduce the nation's nearly $37 trillion debt. 'They'll be wealthy, and they'll be successful, and they'll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it's going to be extremely successful,' Trump said in February when he first announced the plan. Lutnick has suggested that the Trump Card could eventually replace the existing EB-5 Immigrant Investor Program, which allows foreigners to apply for a green card by investing at least $1.05 million—or $800,000 in designated high-unemployment or rural areas—and creating at least 10 full-time U.S. jobs. Aaron Grau, executive director of Invest in the USA (IIUSA), a trade association representing EB-5 stakeholders, described EB-5 as a 'proven model' for how targeted immigration policies can strengthen the U.S. economy. Click here to read more Also read: Trump Admin Considers Expanding Travel Restrictions To 36 Additional Countries
Yahoo
3 days ago
- Business
- Yahoo
Howard Lutnick Says Nearly 70,000 Register For $5 Million 'Trump Card' Visa As US Eyes $1 Trillion Windfall From Premium Immigration Plan
Nearly 70,000 people have registered interest in President Donald Trump's new $5 million 'Trump Card' visa program, Commerce Secretary Howard Lutnick announced Monday. The waiting list reached 68,703 applicants within hours of Lutnick's morning update showing 67,697 registrations. What Happened: The Trump administration launched last week, allowing foreign nationals to register for the premium residency program. The website features a gold card design displaying Trump's face, signature, an eagle, the Statue of Liberty, and the American flag. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — 'The card will be made of gold. It will be beautiful,' Lutnick told the Financial Times. He emphasized Trump's attention to aesthetic details, noting the president 'deeply cares about' how the investment vehicle looks and feels. The program targets business leaders and companies seeking U.S. legal residency for executives or employees. One unnamed global technology CEO indicated plans to purchase over 100 cards if the scheme reaches 'fruition,' viewing it as attracting 'the world's best and brightest' entrepreneurs, engineers, and scientists, according to the report. Lutnick plans to replace the existing EB-5 investor visa program, which granted approximately 14,000 visas last year with minimum investments up to $1.8 million. The Commerce Department expects to issue tens of thousands of Trump Cards this summer, with Lutnick projecting that 200,000 visas could generate $1 trillion in Treasury It Matters: Billionaire Trump donor John Paulson originally proposed the concept as a debt reduction mechanism for America's $36 trillion burden. The program represents a significant shift targeting high-net-worth individuals. Immigrant entrepreneurs comprise 22.6% of all U.S. entrepreneurs and founded 46% of Fortune 500 companies. Billionaire Mark Cuban previously supported the concept if corporations buy cards for high-earning employees, while Elon Musk was involved in developing the application software. Read Next: Are you rich? Here's what Americans think you need to be considered wealthy. Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom Image Courtesy: Joshua Sukoff / Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Howard Lutnick Says Nearly 70,000 Register For $5 Million 'Trump Card' Visa As US Eyes $1 Trillion Windfall From Premium Immigration Plan originally appeared on
AU Financial Review
4 days ago
- Business
- AU Financial Review
Waitlist grows for Trump's $7.7m golden visa
Washington | Nearly 70,000 people have signed up for the new golden Trump Card, a visa scheme led by Commerce Secretary Howard Lutnick that will grant foreigners legal residency in the United States at a cost of $US5 million ($7.7 million). Last week, Lutnick's department launched a website — — for would-be applicants to register their interest in the visa and to provide basic contact information, including their name, email address and region of the world. The card shown on the website features President Donald Trump's face and signature, as well as an eagle, the Statue of Liberty and the American flag. Financial Times
