Trump launches gold card for citizenship. And visas become more expensive
Trump proposes high fees and an elite $1 million visa to renew work and investment visas in the US
4' min read
4' min read
Aiming to reshape the US visa system for highly skilled foreign workers and investors, President Donald Trump signed a measure on Friday that will require a new $100,000 annual fee for H-1B visa applications and introduced a $1 million 'gold card' visa as a potential route to US citizenship.
These initiatives face almost certain legal challenges and widespread criticism that Trump is exceeding presidential authority by circumventing Congress. The measures will lead to skyrocketing prices for visas for highly skilled workers and investors, created by Congress in 1990.
The H-1b visa
.Commerce Secretary Howard Lutnick stated that the fee for the H-1B visa will be $100,000 per year and added that 'all the big companies' are on board. H-1B visas are meant to attract the best and brightest foreigners for highly skilled jobs that technology companies find difficult to fill with qualified US citizens and permanent residents. Instead, the programme has become a conduit for foreign workers, often willing to work for as little as $60,000 a year. This is far less than the $100,000-plus salaries typically paid to technology workers in the US.
Trump insisted on Friday that the tech industry will not oppose the move. "I think they will be very happy," he said.
Representatives of the largest technology companies, including Amazon, Apple, Google and Meta, did not immediately respond to Friday's messages for comment. Microsoft declined to comment.
