US President Donald Trump has announced an exclusive residency program offering a high-value “Gold Card” visa for $5 million. This initiative aims to attract affluent investors and job creators while contributing to reducing the national deficit.
Speaking from the Oval Office, Trump described the new permit as an upgraded version of the traditional green card, emphasizing its financial and economic benefits.
“We’re launching the Gold Card program as a premium pathway to US residency. Unlike the green card, this will come with a $5 million price tag, ensuring only high-net-worth individuals gain access,” Trump stated.
A Gateway to US Citizenship for the Wealthy
As part of his second-term immigration policy, Trump reiterated his stance on deporting millions of undocumented immigrants while simultaneously providing an opportunity for wealthy investors to gain residency and work in the United States.
“This program will attract individuals who have the means to invest, create jobs, and contribute to our economy. It’s tailored for people with financial power,” he added.
The issuance of these Gold Cards is expected to begin in the coming weeks, with Trump projecting the sale of approximately one million permits.
Russian Oligarchs May Qualify for the Gold Card
When questioned about the eligibility of wealthy Russian investors, Trump suggested they could participate in the program.
“I know some Russian oligarchs who are decent people. They may not be as wealthy as they once were, but I believe they can afford $5 million,” he commented.
His remarks come amid heightened geopolitical tensions, as many Russian oligarchs face Western sanctions due to Russia’s military actions in Ukraine. Trump’s openness to negotiations with Russia has sparked concerns in Europe, particularly regarding potential compromises on Ukraine’s sovereignty.
Using the Gold Card Revenue to Reduce the Deficit
US Commerce Secretary Howard Lutnick, present during the announcement, highlighted that the funds generated from the Gold Card sales could significantly reduce the national deficit.
Trump, leveraging his background in real estate and branding, even floated the idea of naming the card after himself.
“Somebody asked if we could call it the Trump Gold Card. I said, ‘If it helps, why not use the name Trump?’” he said humorously.
Key Takeaways:
- The Gold Card residency program will be available for $5 million per applicant.
- Aimed at attracting wealthy investors and job creators.
- Potential eligibility for Russian oligarchs despite ongoing sanctions.
- Revenue from the program may be used to reduce the US national deficit.
- Trump hints at branding the Gold Card with his name.
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