In a move aimed at attracting high-net-worth individuals to the United States, President Trump has launched the Gold Card visa program, requiring a $5 million payment in exchange for permanent residency and a pathway to citizenship.
“We want to attract the best and brightest to the United States, and this program will do just that,” said President Trump, highlighting the benefits of the Gold Card program.
The program replaces the EB-5 immigrant investor program, which offered green cards to individuals investing in American enterprises. The Gold Card, however, requires a direct payment to the US government, with no investment requirements.
“This is a game-changer for our economy,” said Commerce Secretary Howard Lutnick. “The direct payments from the Gold Card program will establish a substantial new revenue channel for the federal government.”
Applicants for the Gold Card program must provide proof of payment and undergo background vetting. The program is expected to generate significant revenue for the US government, with potential economic benefits including a boost to foreign investment and luxury real estate demand.
While the program has been met with criticism over its exclusivity and potential to favor the wealthy, proponents argue that it will bring in much-needed revenue and stimulate economic growth.
As the program rolls out, details on the application process and requirements are expected to be released. Prospective applicants are advised to consult official US immigration portals for the latest information.