Trump $ 5 million ‘Gold Card’ Visa for the rich – DW – 02/26/2025

US President Donald Trump on Tuesday revealed a plan to sell the new “Gold Card” US Residency permit at $ 5 million (€ 4.8 million) at a pop, which replaces 35-on-Son visas for investors.

Trump told reporters at the Oval Office, “We are going to sell a gold card. You have a green card, this is a gold card. We are going to put a price on that card of about 5 million dollars.” ,

Speaking about the target audience, Trump said: “They will be wety and they will be successful, and they will spend a lot and pay a lot of taxes and will give employment to a lot of people, and we think it is going to happen Is very successful.

Trump ‘Gold Card’

Commerce Secretary Howard Lutnik clarified that the new permit replaced the ‘Trump Gold Card’ by reporters in two weeks.

Built by the Congress in 1990, the EB -5 visa was aimed at generating foreign investment and provided to those who spend $ 1 million on an American company that employs at least 10 people.

Lutnik said that the Gold Card was eventually a green card or a permanent residence card, which increased the entry price of investors in the US. Hey said that it will remove with wife and “nonsense” that affects the EB -5 program, which is eventually a lead to citizenship.

According to government immigration data, some 8000 people have used EB -5 visas to enter the US on 30 September, 2022 over a period of 12 months.

In 2021, a congratulatory research service report stated that the program took the risk of Frau.

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While not all details about Trump Gold Card were clear, Trump said that the program could also be made available to Russians.

“I know some Russian elite classes that are very good people. It is possible,” Trump said. “They were not as rich as they did. I think they can. I think they can spend $ 5 million.”

Trump said that despite the determination of merit for citizenship falling under the Congress, gold may not require Congress’s approval.

Edited by: Louis Olofs

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