Donald Trump unveiled his new “Gold Card,” an exclusive residency document that will allow holders to access a potential long-term path to citizenship.
The card costs $5 million and will be available in less than two weeks, the former president confirmed to the press.
“For $5 million, this could be yours… it’ll be out in less than two weeks, probably. Very exciting, right?” Trump stated while showing the document’s design to the media.
President Trump first proposed the idea of a gold card early in his second term, amid his crackdown on immigration.
According to an announcement made weeks ago, this “Gold Card” is expected to replace the current EB-5 immigrant investor visa program, which has been in place since 1990.
The program, as described, is being marketed as a way to attract wealthy, “world-class” individuals who will contribute to the U.S. economy through investments, job creation, and tax payments.
While full eligibility criteria and the application process have yet to be announced, Trump stated that the program will be available to both individuals and businesses looking to invest in the U.S. economy.
Trump has emphasized that the “Gold Card” will offer a special status similar to the well-known “Green Card,” but with a higher level of exclusivity.
The announcement comes as the president’s latest round of tariffs delivered a harsh blow to the stock market since the outbreak of the COVID-19 pandemic.
Image: Opinion
