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 US at a cost of $5mn.
Last week, Lutnick’s department launched a website — trumpcard.gov — 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.
On Monday morning, Lutnick said his department’s internal online dashboard showed 67,697 people on the waiting list. Within an hour, the number had jumped to 68,703.
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The chief executive of a global technology company who asked not to be named said through a spokesperson that his group would seek to buy more than 100 Trump cards if the scheme comes to “fruition”, adding he viewed the initiative as a way “to welcome the world’s best and brightest to the United States — particularly entrepreneurs, engineers, and scientists”.
In 1990, Congress created a route to permanent residency for foreign investors through the EB-5 visa programme, which has a minimum investment of up to $1.8mn. About 14,000 such visas were granted last year, according to Invest In the USA, an EB-5 trade association.
Lutnick is pressing for the new scheme to replace the EB-5 visa, and is planning to expedite the creation of a much larger programme within months.
The commerce department plans to issue tens of thousands of Trump cards over the summer, said people familiar with the matter. Lutnick has said issuing 200,000 visas would reap $1tn for the Treasury.
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