Trump cuts Gold Card residency price to $1M, fueling demand

President Donald Trump’s decision to cut the cost of his new Gold Card program has sparked major interest from rich families around the world who want fast access to ￰0￱ signed papers last week to officially start the Gold Card program, which now costs $1 million instead of the original $5 million price he announced in ￰1￱ card promises to give buyer s re sidency much faster than the usual ￰2￱ e pr ice drop has made the Gold Card one of the cheapest ways for wealthy people to get into America compared to similar programs in other ￰3￱ ngapore charges nearly $8 million for its investment visa program, while New Zealand asks for just under $3 ￰4￱ small Samoa requires $1.4 ￰5￱ Jafri , wh o works at the law firm Withers, thinks the new price might be too low.

“You get access to the ￰6￱ system, health care system, banking system, and financial markets, all for $1 million,” he said as quoted in a CNBC ￰7￱ families are already showing strong interest in the ￰8￱ fri spoke at a conference in Singapore this week where three families approached him right away about buying Gold ￰9￱ o fa milies were from China and one from ￰10￱ believes his office will work on hundreds of cases once the program begins ￰11￱ to Commerce Secretary Howard Lutnick, officials plan to give out 80,000 Gold ￰12￱ with a future Platinum Card an d ne w H-1B visa fees that jumped to $100,000, these programs should bring in $100 billion for the federal ￰13￱ Card still faces some big problems Even though Trump announced it at the White House o n Fr iday, there’s no way to apply for it ￰14￱ website that started in June only asks for basic information like names and home ￰15￱ who signed up say they haven’t heard anything back ￰16￱ and Congress will likel y ch allenge the ￰17￱ Congress makes immigration laws, Trump had to use existing visa programs called EB-1 and EB-2 as the foundation for his Gold ￰18￱ shaky legal ground might make wealthy buyers hesitant at ￰19￱ will probably wait to see the first Gold Cards actually given out before spending their ￰20￱ might wait even ￰21￱ Volek from Henley & Partners said wealthy clients usually want to see programs running smoothly for three to six months before they commit.

“People don’t want to be the first one to try it,” he ￰22￱ and India face major roadblocks Volek has already gotten questions from clients and thinks the program could attract 5,000 to 10,000 applications each ￰23￱ timing works well for the global visa ￰24￱ wars and political problems increase worldwide , ve ry rich people are buying backup citizenships and residences a s pr otection against troubles in their home ￰25￱ 142,000 millionaires are expected to move to other countries in 2025, according to research from New World Wealth and Henley & ￰26￱ ranks as the second most popular destination, wit h 7, 500 millionaires expected to arrive this ￰27￱ come from Asia, the U.

K., and Latin ￰28￱ advisers say most Gold Card demand will come from China and ￰29￱ people from those countries might face ￰30￱ EB-1 and EB-2 programs that form th e Go ld Card’s base already have huge waiting lists from Chinese and Indian applicants that stretch for ￰31￱ Gold Card buyers can skip ahead because of their $1 million donation, people who have been waiting coul d fi le ￰32￱ the same time, Gold Card buyers won’t want to spend $1 million if they have to wai t ye ars for ￰33￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.