In a significant move, President Donald Trump has announced the introduction of a new program aimed at attracting wealthy investors. This initiative is set to replace the existing EB-5 visa program, offering a fresh pathway for legal immigration. The program is designed to provide residency and a path to citizenship for investors who contribute $5 million, marking a strategic shift in U.S. immigration policy.
Dubbed the “gold card,” this new initiative is expected to launch in just two weeks. President Trump emphasized that this program would not require Congressional approval, suggesting a streamlined implementation process. However, the full details and operational aspects of the plan remain to be clarified.
Both President Trump and business magnate Howard Lutnick have promoted the program as an attractive option for wealthy investors seeking residency in the United States. This move is perceived as an effort to bolster the U.S. economy by drawing in affluent individuals who can significantly contribute to economic growth.
While this new initiative creates a legal pathway for high-net-worth individuals, it comes at a time when President Trump is also enforcing a broad crackdown on undocumented immigrants. This dual approach highlights the administration's strategy to balance economic interests with immigration control.
As the administration prepares to roll out the gold card program, stakeholders and potential investors await further details on its implementation and potential impact on the existing immigration landscape.
