President Trump has unveiled a new platinum visa card to attract super rich and uber-rich people from all over the world. Trump Platinum Card will cost $5 million for individuals and allow foreigners to spend up to 270 days a year in the United States without being taxed on non-US income. The most important difference with Gold card, being it exempts US taxes on foreign income. The Trump Platinum Card has not been released yet. Applicants should join the waitlist now, as they will be processed on a first-come-first-served basis.
On Friday, President Trump said on Truth “We are proud to announce THE TRUMP GOLD CARD. The Card will be available for $1 Million Dollars for individuals, and $2 Million Dollars for Corporations.”
THE TRUMP GOLD CARD will generate well over $100 Billion Dollars very quickly. This money will be used for reducing Taxes, Pro Growth Projects, and paying down our Debt.
– President Trump
Gift
President Trump signed Executive Order on Friday, for “Gold Card” program authorizing an alien, who makes an unrestricted gift to the Department of Commerce under 15 U.S.C. 1522 eligible for Gold/Platinum cards.
What You Should Know
- Individuals must make a gift of minimum $1 million to Commerce Department (it is a gift not recoverable investment)
- The Trump Gold Card is a visa; therefore, national security and other risks are a basis for revocation.
- Applicants will be treated similarly to other permanent residents and citizens.
- Applicant receives lawful permanent resident status as an EB-1 or EB-2 visa holder.
- Only platinum card buyers are eligible for US tax exemption on foreign income.
- Corporate gold visa cards can be transferred from one employee to another
Vetting
United States Citizenship and Immigration Services (USCIS) facilitates an in-depth background check and process to vet the potential card holder.
Trump Gold Card (Corporations)
- $2 million
- Highly Skilled employees
The Trump Corporate Gold Card is issued to a corporate sponsor for one or more of the sponsor’s employees. To apply, the corporate sponsor must pay a nonrefundable processing fee per employee. Corporate sponsors may apply for multiple employees at once. A $2 million per employee gift upon completion of the employee’s vetting is evidence that the employee will substantially benefit the United States. The advantage of the Trump Corporate Gold Card is that corporate sponsors may cease sponsoring one employee and use the gift contribution tied to the prior application as a basis for sponsoring a new employee without a new $2 million gift. The Trump Corporate Gold Card is subject to a small annual maintenance fee and a transfer fee.
Trump Gold Card (Individuals)
- $1 million
- Rich individuals
The Trump Gold Card is a visa based upon an individual’s ability to provide a substantial benefit to the United States. To apply, an applicant must pay a nonrefundable processing fee. Once an applicant’s processing fee is received, the process for visa adjudication will take place, assuming applicants submit additional documents in a timely manner. If approved, an individual must make a gift of $1 million, which has been determined to provide sufficient evidence that the individual will substantially benefit the United States.
Trump Platinum Card (Individuals)
- $5 million
- Intended for Super rich
The Trump Platinum Card set at price tag $5 million will allow individual applicants to reside in the United States for up to 270 days per year without being subject to tax on non-U.S. income. No more travel visas.
