Trump's New 'Gold Card' Visa: A Pathway to Citizenship for the Wealthy

President Donald Trump announced a new 'Gold Card' visa to replace the EB-5 program. The visa, aimed at wealthy investors, promises citizenship pathways and fraud reduction. It draws parallels to global 'golden visas' and does not require congressional approval, targeting wealth and talent to drive economic benefits.

President Donald Trump announced plans on Tuesday to launch a new 'Gold Card' visa, set to replace the existing EB-5 investor visa. It offers a pathway to citizenship for those who invest at least USD5 million in the United States.

According to Commerce Secretary Howard Lutnick, the 'Gold Card,' essentially a green card, will include tighter regulations to reduce fraud compared to the existing EB-5 program, which has faced criticisms over its verification processes.

The initiative aligns with global 'golden visas' available in over 100 countries, including the U.K., Canada, and Australia, courting wealthy individuals to stimulate economic growth. The program could potentially offer millions of visas, bypassing congressional approval, as Trump hinted it might also play a role in deficit reduction.