Trump Unveils $5m ‘Gold Card’ as New Path to US Citizenship

In a decision that is poised to redefine the US immigration agenda, President Donald Trump has launched the “Gold Card” visa programme, where high net-worth individuals can acquire US residency and a route to citizenship for $5 million. The plan, which Trump says will take off in two weeks, will replace the current EB-5 investor visa programme.

Direct Approach to Residency

Speaking from the Oval Office, Trump described the plan as a streamlined, direct approach to attracting high-net-worth individuals while eliminating the complexities of the EB-5 system. “We’re going to be selling a gold card,” he stated, emphasising that it will offer green card privileges without requiring congressional approval.

Government Revenue and Vetting Process

Commerce Secretary Howard Lutnick, who stood alongside Trump during the announcement, clarified that the funds would be paid directly to the US government. This will mark a shift from the current EB-5 programme, which requires investment in job-creating projects. “Rather than having this sort of ridiculous EB-5 programme, we’re going to end it and replace it with the Trump gold card,” Lutnick said.

Applicants will still be vetted, with Trump vowing that only “wonderful, world-class, global citizens” will pass. The administration claims that money from the programme will help decrease the federal deficit, though details on implementation are still unclear.

Broader Immigration Policy Impact

This declaration is made as Trump is doubling down on hardline immigration policies, such as his vow to execute the biggest deportation push in US history and to further strengthen the southern border. He has also threatened Canada and Mexico with tariffs unless they ramp up efforts to stem illegal migration and drug smuggling into the US.

Controversy and Legal Challenges

The “Gold Card” initiative is likely to be controversial, with opponents complaining that it would establish a pay-to-play environment for the very rich at the expense of common immigrants who are subject to progressively tighter policies. Others view it as a realistic means of enticing foreign capital and boosting economic development.

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As Trump makes way to substitute the EB-5 programme, which has come under criticism due to fraud and inefficiencies, the “Gold Card” would prove to be the hallmark of his second-term immigration policy. Only time will tell if it stands the test of legal hurdles or is resisted by lawmakers.

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