Trump Administration Plans $5M Gold Card Visa To Replace EB-5 Program

The U.S. government, led by President Donald Trump and Commerce Secretary Howard Lutnick, is set to launch a new $5 million "Gold Card" visa program aimed at ultra-wealthy foreign investors, replacing the current EB-5 Immigrant Investor Program. This initiative offers permanent residency with a pathway to citizenship in exchange for a minimum $5 million investment, significantly higher than the EB-5's $900,000 to $1.8 million requirement, and aims to attract high-quality investors while reducing fraud risks. Registration for the program is expected to open soon through a dedicated government website, trumpcard.gov, with strong interest already reported from prospective buyers globally. Despite enthusiasm, legal experts caution that the program requires Congressional approval to avoid constitutional challenges, as existing immigration laws do not currently accommodate this new visa category. Advocates highlight the potential economic benefits, including substantial federal revenue from sales and new business opportunities brought by wealthy immigrants. However, the EB-5 Reform and Integrity Act remains in effect until 2027, allowing existing investors to continue under the old program for now.