by Commerce Secretary Howard Lutnick has provided the latest update on the Trump gold card, which will give wealthy non-Americans the easiest way to get US citizenship in exchange for $5 million. At an Axios event, Lutnick said he believed that the website would be called ‘TrumpCard.gov‘ and it would be launched in a week.
“The details of that will come soon after, but people can start to register,” Lutnick said.
Major frenzy about Trump’s gold card
Trump announced the new Gold Card Visa program in February.
“We’re going to be putting a price on that card of about $5 million, and that’s going to give you green card privileges, plus it’s going to be a route to citizenship. And wealthy people will be coming into our country by buying this card,” Trump said at that time.
In the beginning, it created a lot of chatter over the legality of such a visa plan that can be bought and that will also replace the existing EB-5 immigrant investor visa. Trump teased the golden card, revealing its first look — building the hype about it. The EB-5 immigrant visa is for those who invest $1.8 million into the US or $900,000 into economically distressed zones.
Lutnick said there is already strong interest in the program, and he was selling these cards in the Middle East during their recent trip. “Everyone I meet who is not an American is going to want to buy this card if they have the fiscal capacity,” Lutnick said.
The commerce secretary said the gold card program will get money to the US and could help pay down the US federal debt which currently totals over $36 trillion. “These are going to be great people who are going to come and bring businesses and opportunity to America, and they’re going to pay $5 million,” Lutnick said.
“If there are 200,000 people who pay, that’s a trillion dollars. That pays for everything.””This is for people who can help America pay off its debt. Why wouldn’t you want a Plan B that says, God forbid something bad happens, you come to the airport in America and the person in immigration says, ‘Welcome home,'” Lutnick said.
Conclusion
The Trump administration is poised to launch the “Gold Card” visa program, offering wealthy foreign nationals a pathway to U.S. permanent residency and eventual citizenship in exchange for a $5 million investment. Commerce Secretary Howard Lutnick announced that the official registration website, trumpcard.gov, will go live within a week, allowing interested individuals to begin the application process.
This initiative aims to replace the existing EB-5 immigrant investor program, which currently requires a lower investment threshold. Lutnick emphasized that the Gold Card program is designed to attract affluent individuals who can contribute significantly to the U.S. economy, potentially generating substantial revenue to address the national debt.
While the program has garnered interest, especially in regions like the Middle East, it has also raised questions regarding its legality and the potential implications for U.S. immigration policy. Critics argue that introducing such a visa pathway without congressional approval may set a concerning precedent.
As the launch date approaches, prospective applicants and policymakers alike will be closely monitoring the rollout of the Gold Card program and its impact on the broader immigration landscape.
