US President Donald Trump unveiled a $5 million ‘Gold Card’ visa aimed at attracting wealthy foreign investors. The new visa pathway offers permanent US residency and a route to citizenship in exchange for a $5 million investment. The gold-coloured card features Trump’s image and is set to replace the current EB-5 visa program.
Showing off the new card aboard Air Force One, Trump said, “For $5 million, this could be yours. That was the first of the cards. You know what that card is? It’s the gold card—the Trump card.” Trump added that the US would start issuing the card in less than two weeks.
When asked who the fist buyer was, Trump responded, "It's me. It's pretty exciting, right?"
The Gold Card initiative is designed to generate economic growth through high-level foreign investment. The administration plans to discontinue the EB-5 visa program, which requires a $1 million investment and the creation of at least ten jobs. Commerce Secretary Howard Lutnick criticised the EB-5 program, calling it “full of nonsense, make-believe and fraud.” He added that the new Gold Card will attract “wonderful, world-class global citizens.”
President Trump emphasised the potential economic benefit of the program. He estimated that selling one million Gold Cards could bring in $5 trillion in revenue. “We have $35 trillion in debt. That’ll be nice, so we’ll see,” Trump stated. The card does not offer immediate citizenship but grants lawful residence with eligibility for citizenship likely after five years, pending verification of the applicant’s status as a global citizen.
Further details on the application process and qualification criteria are expected to be released in the coming weeks.
Showing off the new card aboard Air Force One, Trump said, “For $5 million, this could be yours. That was the first of the cards. You know what that card is? It’s the gold card—the Trump card.” Trump added that the US would start issuing the card in less than two weeks.
When asked who the fist buyer was, Trump responded, "It's me. It's pretty exciting, right?"
BREAKING: President Trump Reveals $5 Million Gold Card While Flying Aboard Air Force One 🇺🇸 ✈️ pic.twitter.com/TlQVsivmkS
— The White House (@WhiteHouse) April 3, 2025
The Gold Card initiative is designed to generate economic growth through high-level foreign investment. The administration plans to discontinue the EB-5 visa program, which requires a $1 million investment and the creation of at least ten jobs. Commerce Secretary Howard Lutnick criticised the EB-5 program, calling it “full of nonsense, make-believe and fraud.” He added that the new Gold Card will attract “wonderful, world-class global citizens.”
President Trump emphasised the potential economic benefit of the program. He estimated that selling one million Gold Cards could bring in $5 trillion in revenue. “We have $35 trillion in debt. That’ll be nice, so we’ll see,” Trump stated. The card does not offer immediate citizenship but grants lawful residence with eligibility for citizenship likely after five years, pending verification of the applicant’s status as a global citizen.
Further details on the application process and qualification criteria are expected to be released in the coming weeks.
You may also like
Mumbai News: Two Brothers Booked For Assaulting Traffic Cop Over Helmet Check In Charkop
Were Trump's tariffs responsible for delay in TikTok deal?
Alison Hammond 'lives with Spice Girl and Hollywood actor for 48 hours in new show'
"Why did they support Waqf Amendment Bill?" Congress Bihar President asks JD(U), LJP (Ram Vilas)
Mumbai Division Of Western Railways Launches 'Porter On Call' For Hassle Free Online Booking
