Washington, D.C., February 26, 2025: President Donald Trump unveiled the “Gold Card” program, offering U.S. residency to wealthy foreigners for a $5 million fee. Designed to boost the economy, the program provides green card benefits and a citizenship pathway, replacing the EB-5 visa system. Commerce Secretary Howard Lutnick assured that applicants would undergo strict vetting.
Critics warn of potential security risks, corruption, and tax evasion associated with investment-based residency. Trump’s remark that Russian oligarchs could apply has added to the controversy. The announcement contrasts with the administration’s strict immigration policies for undocumented migrants.
