The initiative was announced by the President Donald Trump and confirmed by the Secretary of Commerce, Howard Lutnick, who indicated that the issuance process It will start “in a week and a half.”
The permit, also called “Trump card”, was presented as ato exclusive alternative for millionaires who wish to establish themselves in American territory. As explained by the Trump advisor, Elon Muskthis card will be operational “in approximately a week.”
The document will allow your holders to obtain Permanent residencewith privileges similar to those of the well -known “green card”. However, according to the American press, it would include an additional fiscal advantage: its holders would not be obliged to pay taxes on the income they generate outside the country.
Read more: What is Trump’s “Golden Card”? The new permanent residence permit in the US
Since he returned to the White House on January 20, Trump has promoted this initiative ensuring that “millions” of cards will be sold.
The president presented the physical design of the document on April 4, during a flight at the Air Force One. The card is golden color, carries its printed face and the “Trump card” text, referring to the English term Trump Cardwhich can be interpreted as “An ace under the sleeve”.