Trump administration's 'gold card' visa program sees only one approval
What happened
Only one 'gold card' visa has been granted since its introduction.
The Context
- The visa requires a minimum investment of $1 million.
- Commerce Secretary Howard Lutnick confirmed the low approval rate.
- The program was expected to attract numerous wealthy foreigners.
Takeaway
The low uptake of the 'gold card' visa may prompt a reevaluation of its structure and marketing.
Insights by A47 Intelligence
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