Trump Introduces $5 Million 'Gold Card' Residency Program for Wealthy Investors

The new initiative replaces the EB-5 visa program, aiming to attract affluent individuals and high-skilled workers while raising concerns over eligibility and equity.

Donald Trump announced the launch of the 'Gold Card' residency program, offering permanent U.S. residency for a $5 million investment, with sales starting in two weeks.
The program replaces the EB-5 visa, which was criticized for fraud and being a low-cost pathway to U.S. residency, according to Commerce Secretary Howard Lutnick.
Trump stated the initiative targets wealthy investors and high-skilled professionals, particularly in sectors like technology, to boost economic growth and job creation.
Controversy surrounds the potential eligibility of Russian oligarchs, many of whom are under U.S. sanctions, with Trump describing some as 'very nice people.'
Critics argue the program highlights a stark divide in U.S. immigration policy, favoring the wealthy while maintaining strict measures against undocumented immigrants.