Trump Introduces 'Gold Card' Plan for Wealthy Foreigners

President Trump announced a new 'gold card' initiative for affluent foreigners willing to invest USD five million. This card offers residency and a citizenship path, potentially replacing the EB-5 visa. Sales could start soon, with complete vetting ensured. Trump also commented on media and foreign eligibility, sparking debate.

In a significant policy shift, U.S. President Donald Trump has unveiled plans for a 'gold card' aimed at wealthy foreigners. According to CNN, this initiative allows affluent individuals to gain residence and eventually citizenship in the United States by investing USD five million.

This announcement, made during an Oval Office briefing, indicated that the program would likely replace the current EB-5 immigrant investor visa. Commerce Secretary Howard Lutnick emphasized that all applicants would undergo strict vetting to ensure their suitability as 'world-class global citizens.'

Trump suggested the program could result in millions of sales, legally permitting foreign investments. When questioned about the eligibility of Russian oligarchs, Trump acknowledged they could participate, noting personal acquaintances among them. The President also used this opportunity to criticize media outlets such as the Associated Press, reflecting his ongoing disputes with the press. During the event, he distributed pamphlets reinforcing his administration's viewpoints.