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Only one person has been approved so far for Donald Trump’s “Gold Card” Visa program granting foreigners U.S. residency for a US$1 million fee, Commerce Secretary Howard Lutnick said Thursday.
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Lutnick didn’t reveal the identity of the applicant who had been approved. He said in testimony to a U.S. House committee that applications for the visa from “hundreds” more foreigners are under review.
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Applicants must go through “an extraordinary vet” and must pay a US$15,000 processing fee, he said.
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The Trump administration began accepting applications for the visa in December.
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The president has promoted the Gold Card visa program as a critical way of attracting talent to the U.S. Visa recipients pay US$1 million to receive U.S. residency.
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The U.S. Department of Homeland Security didn’t immediately respond to a request for comment.
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With assistance from Emily Birnbaum
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