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Trump to Offer $5 Million ‘Gold Card’ Visas to Wealthy Foreigners
Posted
February 26, 2025
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8,250
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169
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February 26, 2025
8,250
169
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1:38Now PlayingPresident Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.
Trump said the program, dubbed the “gold card,” would launch in two weeks, adding that he did not believe his administration needed to secure approval from Congress. The full scope of the plan and how it would be implemented was not immediately clear.
“We’re going to be selling a gold card,” Trump said Tuesday in the Oval Office as he signed executive orders alongside Commerce Secretary Howard Lutnick.
“We’re going to be putting a price on that card of about $5 million, and that’s going to give you green card privileges,” he added, referencing the permits currently issued to US permanent residents.
Lutnick said the move could replace the existing EB-5 program, which allows immigrant investors to acquire green cards by investing a certain amount toward a business in the US.
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