Trump announces the ‘Golden Card’ for millionaires

New Golden Card for millionaires

Replaces the EB-5 program

Similar benefits to the ‘Green Card’

President Donald Trump, announced on Tuesday the creation of the «Golden Card», a permit aimed at millionaires who wish to establish themselves in the country.

This new permit will grant the same benefits as permanent residency that is currently granted through the «Green Card.»

«We are going to sell a ‘golden card’. There is the ‘green card’, but this will be a ‘golden card’ «.

«We will put a price tag on it of about 5 million dollars, and that will grant them the privileges of the ‘Green Card’, in addition to a path to US citizenship,» Trump declared before the press in the White House.

Donald Trump announces the new Golden Card

| Trump announces that he will replace the EB-5 program with the new “Gold Card”, allowing foreigners to obtain residence for 5 million dollars after a verification process. Ensures that these funds will help reduce the deficit. pic.twitter.com/m36jgzpbtp

– Uhn plus (@uhn_plus) February 25, 2025

During the announcement in the Oval Office, Trump suggested that this permit could be called «Golden Trump Card.»

«This will attract many people to our country, who will be rich and have been very successful and that will spend a lot of money, pay many taxes and give work to many people. We believe it will be great success, ”said the president.

Together with the Secretary of Commerce, Howard Lutnick, he explained that the measure will start in approximately two weeks and replace the Immigration program for EB-5 investors.

According to Lutnick, the EB-5 program will be replaced due to alleged fraud, although he did not present evidence that supports this.

Trump, in Addition to Green Cards … a Gold Card. 5 Million Dollars to Gold Card, A Path to Citizenship. 1 Million Gold Cards Is 5 Trillion Dollars.
This Guy. The Trump Gold Card. People with Money, Starting Business, Spending Money, Paying Taxes.
INSERAD OF LOTTERY … pic.twitter.com/vnnf4mttbn

– Scottaphillips (@Scottapillips) February 25, 2025

This initiative, in force since 1990, allowed foreign investors to obtain permanent residence if they made a considerable investment in a business within the US.

And generated full -time jobs for American or immigrants with work authorization.

Over the years, Congress has modified the conditions of EB-5.

In 2022, for example, it was established that the minimum investment to qualify in the program should be $ 1,050,000, although there were exceptions.

You may be interested: Republican-Led House Passes Budget Plan With $4.5 Billion Tax Cuts

The arrival of the «Golden Card» marks a turn in United States immigration policy, privileging high-economic investors.

There are still doubts about the specific requirements and additional benefits that this new measure could include, according to EFE.

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Photo: Mundonow