Trump reveals vip visa plan and says he wants to sell Gold Card for $5 million to get mega rich foreigner into us

President Donald Trump has proposed a new “gold card” visa program, offering wealthy foreigners permanent U.S. residency and a pathway to citizenship in exchange for a $5 million investment. This initiative aims to replace the existing EB-5 Immigrant Investor Program, which currently requires a minimum investment of $1 million. Trump envisions selling up to one million of these gold cards, potentially generating $5 trillion to address the national debt.

The gold card program has drawn comparisons to similar “golden visa” schemes in countries like Malta, Austria, and Portugal, which have faced criticism for issues such as tax evasion and money laundering. citeturn0news11 Critics express concern that the program could lead to increased housing costs, particularly in urban centers, by attracting affluent investors to the real estate market.  Additionally, immigration law experts question the legality of unilaterally replacing the EB-5 program without congressional approval.

Commerce Secretary Howard Lutnick has endorsed the gold card proposal, suggesting it would attract “world-class global citizens” and stimulate the U.S. economy. However, full details of the program, including specific eligibility criteria and implementation plans, are yet to be released. The administration anticipates launching the program by the end of March 2025.

Trump’s Proposed ‘Gold Card’ Visa Program