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Trump floats $5 mn 'gold card' as a route to US citizenship
Business Standard
|February 27, 2025
US President Donald Trump said Tuesday that he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.
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“They’ll be wealthy and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it’s going to be extremely successful,” Trump said in the Oval Office.
Commerce Secretary Howard Lutnick said the “Trump Gold Card” would replace EB-5 visas in two weeks. EB-5s were created by Congress in 1990 to generate foreign investment and are available to people who spend about $1 million on a company that employs at least 10 people.
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