Trump Golden Visa Decree: 1 Million Dollar Residence Permit
here’s a breakdown of the key data from the provided text, focusing on Donald Trump‘s proposed changes to US visa programs:
1. “Golden Card” for Exceptional Individuals:
* cost: $1 million (individual payment) or $2 million (company sponsorship).
* Benefit: Accelerated visa processing.
* Target: Individuals with “exceptional qualities.”
2. Increased Fees for Tech Visas (H-1B):
* New Fee: $100,000 annually.
* Visa Type: H-1B visas (for skilled workers in fields like science, engineering, and computer programming).
* Current System: H-1B visas are temporary (3 years initially, extendable to 6) and require employer sponsorship.
* Trump’s Goal: To limit these visas and prioritize American workers.
* Rationale (according to Commerce Minister Howard Litnick): To discourage companies from training foreign workers instead of hiring americans. The claim is that companies are already “leaving” due to this policy direction.
* Additional Cost: If companies do use foreign workers,they will have to pay the $100,000 fee.
In essence, Trump is proposing a two-tiered system: a very expensive fast track for those deemed “exceptional” and substantially increased costs for standard tech visas, with the stated aim of protecting American jobs.
