President Trump announced a $5 million "gold card" as part of a revamped EB-5 visa program, aimed at attracting wealthy foreign investors. This card promises "green-card privileges-plus," which effectively allows the cardholder to gain permanent residency in the U.S. with more flexibility than traditional visas. Commerce Secretary Howard Lutnick indicated significant interest, with potential sales exceeding 1,000 cards. The initiative aims to generate substantial revenue, potentially leveraging $1 trillion to reduce national debt, while simplifying the visa application process for affluent foreign nationals.
Trump's administration has unveiled a $5 million "gold card" that revitalizes the EB-5 visa program for wealthy foreign investors, promoting permanent residency options.
The gold card will provide significant benefits over traditional visas by allowing purchasers greater freedom in employment and a more straightforward path to citizenship.
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