Overview

• The 'Gold Card' program, priced at $5 million per visa, is intended to replace the EB-5 visa and offers permanent residency to high-net-worth individuals.
• Elon Musk's Department of Government Efficiency engineers are collaborating with federal agencies to develop a streamlined online application and vetting system.
• Commerce Secretary Howard Lutnick claims 1,000 visas have been sold, though no payments have been confirmed, raising questions about the program's progress and transparency.
• The expedited process aims to grant residency within two weeks of application, bypassing traditional visa timelines that often take years.
• The program, spearheaded by controversial figures Marko Elez and Edward Coristine, faces legal, ethical, and oversight challenges as it approaches its anticipated launch.