Trump Proposes $5 Million 'Gold Card' Visa for Wealthy Immigrants

The program aims to attract affluent foreigners, replace the EB-5 visa, and reduce the U.S. national deficit.

The 'Gold Card' would grant wealthy immigrants permanent residency and a pathway to U.S. citizenship for $5 million.
President Trump claims the initiative will bring affluent individuals who will create jobs, pay taxes, and invest in the U.S. economy.
The program is intended to replace the current EB-5 visa, which required lower investment thresholds and has faced allegations of fraud and misuse.
Critics have raised concerns about the potential inclusion of controversial figures, such as Russian oligarchs, among applicants.
The administration expects to launch the program within two weeks, though legal and congressional approval processes remain unclear.