Trump says he will offer ‘gold cards’ for $5 million path to citizenship, replacing investor visas | WTTV
President Donald Trump has announced a bold new visa initiative dubbed the “Gold Card” program. This high-end visa aims to attract wealthy foreign investors and skilled professionals, offering them a streamlined path to U.S. citizenship. Priced at $5 million, the program is designed to replace the existing EB-5 visa, which has faced criticism for fraud and mismanagement.
In this article, we’ll break down the key details of the Gold Card visa program, its potential impact, and what it means for high-net-worth individuals seeking U.S. citizenship.
What Is the Gold Card Visa Program?
The Gold Card visa is a premium immigration initiative aimed at attracting “very high-level people” to the United States. President Trump described it as a more sophisticated version of the green card, offering a faster and more exclusive route to citizenship.
Key features of the program include:
- A $5 million price tag for applicants.
- A focus on wealthy individuals and job creators.
- Replacement of the EB-5 visa program, which has been plagued by fraud.
How Does the Gold Card Differ from the EB-5 Visa?
The EB-5 visa program has long been a popular option for wealthy foreign investors seeking U.S. citizenship. However, it has faced significant scrutiny due to fraudulent activities and mismanagement.
The Gold Card program aims to address these issues by:
- Implementing stricter eligibility criteria.
- Ensuring applicants are “world-class global citizens,” as described by Commerce Secretary Howard Lutnick.
- Providing a more transparent and efficient process for high-net-worth individuals.
Who Qualifies for the Gold Card Visa?
While specific details are still emerging, the program is targeted at:
- Wealthy individuals willing to invest $5 million.
- Skilled professionals and job creators.
- High-net-worth foreigners seeking a faster path to U.S. citizenship.
When asked if Russian oligarchs might qualify, President Trump responded with humor, stating, “Yeah, possibly. I know some Russian oligarchs that are nice people.” He added, “They’re not as wealthy as they used to be, but I think they can afford five million dollars.”
Economic Impact of the Gold Card Program
President Trump predicts the Gold Card program will be a significant revenue generator for the U.S. government. With a $5 million fee per applicant, the program could potentially raise billions of dollars.
Key benefits include:
- Attracting foreign investment to the U.S. economy.
- Creating jobs through the influx of skilled workers and entrepreneurs.
- Strengthening ties with global business leaders.
What’s Next for the Gold Card Program?
As of now, the Gold Card program is still in its early stages. More details are expected to emerge in the coming months, including:
- Specific eligibility requirements.
- Application procedures and timelines.
- Measures to prevent fraud and ensure transparency.
Why the Gold Card Program Matters
The Gold Card visa represents a significant shift in U.S. immigration policy. By targeting wealthy investors and skilled professionals, the program aims to boost the economy while offering a premium path to citizenship.
For high-net-worth individuals, this could be a game-changing opportunity to gain U.S. citizenship and access to the world’s largest economy.
Call-to-Action
Stay updated on the latest developments regarding the Gold Card visa program. If you’re a high-net-worth individual or investor, this could be your chance to secure U.S. citizenship.
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