Trump's $5M 'Gold Card' Visa Faces Skepticism from Experts and Billionaires

The proposed visa program aims to attract wealthy investors to the U.S., but questions linger over its feasibility, appeal, and legal framework.

President Trump announced the 'Gold Card' visa, requiring a $5 million fee for permanent residency and a path to citizenship, as an alternative to the existing EB-5 investor visa program.
The 'Gold Card' fee would go directly to the federal government, unlike the EB-5 program, which ties investments to U.S. businesses and job creation.
Immigration experts and billionaires expressed doubts about the program, citing the high cost, lack of clear returns, and existing cheaper alternatives in other countries.
Concerns have been raised over the program’s vague details, its legality without Congressional approval, and the potential for limited demand among wealthy individuals.
While some ultra-wealthy individuals showed interest, many questioned the appeal of U.S. citizenship given global tax implications and other residency options.