Gold Card Immigrant Visa

In an announcement on February 25, 2025, President Donald Trump unveiled plans for a “Trump Gold Card,” a new visa initiative aimed at wealthy investors. This program, set to replace the 35-year-old EB-5 visa, offers permanent residency and a pathway to U.S. citizenship for a $5 million fee. Unlike the EB-5, which requires a $1 million investment in a job-creating business, the Gold Card, focuses instead on attracting affluent individuals. Trump touted the initiative as a way to bring in “wealthy and successful” people who will spend heavily, pay taxes, and boost the economy. He noted that such individuals would not need to pay tax on income generated outside the United States, which, if true, would make a significant departure from current practice for green card holders.

Commerce Secretary Howard Lutnick stated the program, launching in two weeks, aims to curb fraud and inefficiencies plaguing the EB-5 system, which granted around 8,000 visas annually. Trump suggested selling up to 10 million Gold Cards, potentially raising billions to reduce the federal deficit, calling it a “fantastic” opportunity. The card, essentially an enhanced green card, could also allow companies to sponsor talented individuals, blending wealth and skill-based immigration .

The proposal has sparked debate. Critics see it as a “pay-to-play” scheme favoring the rich, while supporters argue it aligns with global “golden visa” trends in over 100 countries. Applicants will be required to go through some level of “vetting” before being awarded the gold card, but what this would entail is not yet clear. Trump even hinted Russian oligarchs might qualify, raising eyebrows. Details remain sparse, and though Trump claims congressional approval isn’t needed, legal challenges could loom.