Trump unveils $5m gold card: What benefits does it offer?
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Trump unveils $5m gold card: What benefits does it offer?

Trump unveils $5m gold card: What benefits does it offer?

Trump introduced the card while onboard Air Force One, with his own face appearing on its front

Gulf Business

US President Donald Trump has unveiled the first ‘gold card,’ a residency permit that costs $5 million each.

According to a report from Firstpost, the card offers foreigners a pathway to American citizenship.

Trump introduced the card while onboard Air Force One, with his own face appearing on its front.

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The image featured on the card was taken at the Atlanta courthouse, which later became a defining moment in his re-election campaign.

In February, Trump proposed replacing the visa program for foreign investors with a so-called “gold card” that could be purchased for $5 million, offering a route to American citizenship.

Trump told reporters that he would replace the “EB-5” immigrant investor visa program—which allows foreign investors who contribute large sums of money to create or preserve U.S. jobs—with the “gold card.”

The EB-5 program grants “green cards” to foreigners who promise to invest in U.S. businesses.

“We are going to be selling a gold card,” Trump said. “We will be pricing that card at about $5 million,” he added.

“It’s going to provide green card privileges and serve as a pathway to (American) citizenship, with wealthy individuals gaining access to our country by purchasing this card,” Trump explained.

(With inputs from Reuters)


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