Donald Trump flaunts his $5M ‘Gold Card.’
On April 3, 2025, President Donald Trump introduced the $5 million “Gold Card” visa, designed to attract affluent foreign investors seeking U.S. residency. Speaking aboard Air Force One, Trump described it as a “VIP ticket to America,” positioning it as a modernized alternative to the EB-5 visa program, which currently grants green cards to those investing in U.S. businesses that generate at least 10 jobs.
This exclusive Gold Card, featuring Trump’s image, provides “green-card privileges-plus,” offering permanent residency and a direct pathway to citizenship without employment restrictions. Unlike the EB-5 program, it removes investment preferences for underserved areas, streamlining the process for wealthy applicants.
Commerce Secretary Howard Lutnick revealed that over 1,000 cards had already been purchased, with an estimated 37 million individuals worldwide eligible to apply. The administration anticipates raising $1 trillion from 200,000 sales, which would contribute to reducing the national debt, currently at $36.5 trillion. However, watchdog organizations have expressed concerns that the program could encourage corruption.
While the Gold Card does not immediately confer U.S. citizenship, holders will receive lawful residency and the chance to apply for citizenship later under standard procedures. Trump assured that applicants would undergo thorough vetting to ensure they are reputable global citizens and economic contributors. The program is expected to launch in two weeks, although specific eligibility criteria and application details remain undisclosed. The administration’s primary goal is to attract high-caliber investors while addressing national financial challenges.
Critics argue that the hefty price tag makes the Gold Card less appealing than other investment-based visas, such as the EB-5 program, which requires an $800,000 investment. Additionally, concerns have emerged regarding the potential influx of wealthy applicants under international sanctions, as well as its attractiveness to employers in need of elite talent. Competing nations, including Portugal, Malta, and the UAE, offer similar residency schemes at significantly lower costs. Meanwhile, the EU and UK have recently imposed stricter regulations on golden visa programs due to fears of money laundering and national security threats.
The Gold Card rollout coincides with broader immigration policies, including proposed travel restrictions affecting 43 countries, with 11 nations facing possible visa suspensions. These measures closely resemble Trump’s controversial 2017 travel ban, sparking debates over their consequences for global relations and mobility.
In conclusion, the $5 million Gold Card visa marks a bold strategy by the Trump administration to attract wealthy investors while tackling national debt. While the program offers economic benefits, it has also drawn scrutiny over its accessibility, ethical concerns, and potential impact on U.S. immigration policy.