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Trump Proposes $5 Million 'Gold Card' Visa Program to Replace EB-5

The initiative aims to attract wealthy investors to the U.S., claiming potential to generate $5 trillion, but faces criticism for prioritizing wealth over merit.

A gold coaster reading "TRUMP" sits on the table in front of US President Donald Trump as he meets with Irish Prime Minister Micheal Martin in the Oval Office of the White House in Washington, DC, on March 12, 2025.
Gold Card immigration status to be renamed after Trump?

Overview

  • The 'Gold Card' visa program would grant U.S. residency and green card privileges to foreign nationals investing $5 million in American businesses.
  • Donald Trump claims the program could generate $5 trillion if one million visas are sold, with revenue directed toward reducing the national debt.
  • The proposal is intended to replace the EB-5 visa, which has been criticized for inefficiency and fraud, but requires Congressional approval to proceed.
  • Critics argue the initiative prioritizes wealth over merit and raises concerns about fairness, feasibility, and the potential for abuse.
  • Trump has suggested renaming the program the 'Trump Card' for marketability and promises strict vetting to prevent misuse, with refunds and deportation for unsuitable applicants.