Trump Introduces $5 Million ‘Gold Card’ Visa for Wealthy Investors

U.S. President Donald Trump has announced a new high-value immigration initiative, introducing the “Gold Card” visa program, which offers residency to foreign investors willing to pay $5 million. The move is aimed at boosting economic growth and attracting job creators to the United States.

Speaking at the White House, President Trump emphasized the financial benefits of the program. “This will bring in individuals who will invest in businesses, create jobs, and contribute to our economy,” he stated. “It’s an exclusive opportunity for those who want to be part of America’s success story.”

The Gold Card visa is positioned as an elite version of the traditional U.S. Green Card, offering a direct route to residency and, potentially, citizenship. Trump revealed that the government expects to generate significant revenue through the program, which could help in reducing the national deficit.

Commerce Secretary Howard Lutnick, standing alongside the president, highlighted the financial impact. “This initiative aligns with our broader economic vision, ensuring that we attract high-value investors who can help strengthen the U.S. economy,” Lutnick said.

When questioned about eligibility, including applications from Russian oligarchs, Trump suggested that anyone who meets the financial criteria could apply.

The announcement has sparked mixed reactions. Supporters argue it could bring much-needed foreign capital into the country, while critics raise concerns about the ethical and security implications of selling residency.

As the program gears up for implementation, further details on the application process and requirements are expected to be released soon.