US President Donald Trump’s “Gold Card” visa scheme is struggling to win over the wealthy foreigners it was designed to attract, with several immigration lawyers warning clients to stay away from the programme over legal and financial concerns.
According to a Washington Post report, attorneys who advise ultra-wealthy clients say ongoing litigation, tax complications and uncertainty around the visa’s legal standing have made the scheme too risky to recommend. The visa was unveiled by Trump in June last year and was formally launched through an executive order in September. It costs between $1 million and $2 million, along with a $15,000 application fee. The administration has also promoted it as a $5 million route for wealthy investors.
