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Trump says $5m 'gold card' immigration visas will 'sell like crazy'

Release Date
2025-02-27
Media
BBC
Summary
President Donald Trump has announced a plan to sell a “Gold Card” visa for $5 million, granting wealthy buyers permanent residency and a path to U.S. citizenship. He stated that those who can afford it will create jobs and expects high demand for the program.

Commerce Secretary Howard Lutnick said the new visa would replace the existing EB-5 investor visa, which required around $1 million in investment and the creation of at least 10 jobs. He criticized the EB-5 program as poorly managed and claimed the new system would be an improvement.

The details, selection criteria, and potential limits on the number of visas issued remain unclear. However, Trump emphasized that companies would be able to use the program to hire foreign workers. He also suggested revenue from the visa sales could help pay off U.S. debt. In 2024, the EB-5 program issued a record 12,000 visas, but the impact of the new system remains uncertain.
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United States of America

News Articles including "United States of America"

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