On February 25, 2025, President Donald Trump unveiled a controversial immigration initiative: the $5 million gold card visa.This program, announced during a press briefing in the Oval Office, offers wealthy foreigners a direct path to U.S.
permanent residency and eventual citizenship.
The initiative aims to replace the EB-5 Immigrant Investor Program, which has been in place since 1990.The gold card visa dramatically raises the financial threshold for entry compared to the EB-5 program, which required a $1.05 million investmentor $800,000 in rural or high-unemployment areasand the creation of at least ten U.S.
jobs.Trumps plan eliminates these job creation requirements, instead focusing solely on attracting affluent individuals willing to pay $5 million directly to the U.S.
government.Commerce Secretary Howard Lutnick emphasized that the new program would address fraud and inefficiencies associated with EB-5 visas while generating significant revenue.Trumps $5 Million Gold Card Visa: A Bold Pathway to U.S.
Citizenship.
(Photo InternetTrump claimed this initiative could help reduce the national debt, envisioning scenarios where millions of gold cards are sold.
He suggested that selling one million cards could generate $5 trillion, with potential for even higher figures if demand grows.The funds could offset the U.S.s $35 trillion debt, he noted.
Trump also hinted at expanding eligibility to include talented individuals sponsored by companies, creating a system where wealthy applicants subsidize skilled immigrants.A Controversial Golden Visa ProgramGolden visa programs like this are not new globally.
Over 100 countries offer similar schemes, including Portugal and Greece, which require real estate investments or contributions to local economies.However, Trumps gold card sets itself apart as one of the most expensive such programs worldwide and does not mandate domestic investments.
Critics argue that such initiatives prioritize wealth over merit and raise ethical concerns about selling residency rights.Questions also linger about whether Russian oligarchs or other controversial figures could qualify under this program.
Trump acknowledged this possibility but dismissed concerns by stating that applicants would undergo thorough vetting.While proponents tout its economic potential, opponents warn of its social and ethical implications.
Whether Congress will approve full citizenship rights for gold card holders remains uncertain.
This sets the stage for heated debates over immigration policy and economic priorities in the coming weeks.