Trump Gold Card: U.S. to Launch $5 Million Gold Visa – What We Know So Far

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United States President Donald Trump on Tuesday unveiled plans for an immigration program — dubbed the “gold card” — designed to offer residency and a “path to citizenship” to investors willing to pay a steep price. The price tag? $5 million.

Set to launch in two weeks’ time, the program will be replacing the current EB-5 investor visa program, which Commerce Secretary Howard Lutnick called, “full of nonsense, make-believe and fraud.”

Trump has not yet discussed the details of the gold card program. The president said he would not be needing Congressional approval for it as it’s “a very strong path to citizenship, but we’re not doing the citizenship.”

“We’re going to be selling a gold card,” was what Trump said on Tuesday. “We’re going to be putting a price on that card of about $5 million, and that’s going to give you green card privileges, plus it will be a route to citizenship.”

The program, which aims to attract “wealthy, successful people,”