On February 26, 2025, former President Donald Trump proposed a new immigration initiative called the “Gold Card” visa plan. This proposal aims to attract wealthy individuals to the united states by offering a $5 million investment option in exchange for residency, drawing parallels with Europe’s existing ‘Golden Visas’.
- Trump proposes a 'gold card' visa program.
- Plan draws comparisons to European golden visas.
- Experts claim it benefits the American economy.
- Visa priced at $5 million per applicant.
- Initiative aims to attract wealthy immigrants.
- Media coverage includes various perspectives on proposal.
The Gold Card initiative is designed to provide an expedited pathway for wealthy foreigners seeking U.S. residency. By investing $5 million in American businesses or real estate, applicants can secure their place in the country. This program has drawn comparisons to European Golden Visa schemes that offer similar benefits for substantial investments.
Experts have noted several potential advantages of this plan:
- Increased foreign investment into the U.S. economy.
- Creation of jobs through funded projects.
- Attraction of high-net-worth individuals who may contribute significantly to local economies.
Trump stated that he believes this visa will be highly sought after, claiming it will “sell like crazy.” The proposal aligns with his broader immigration reform agenda aimed at boosting economic growth while addressing labor shortages in various sectors across the nation.
This new visa plan represents a significant shift in U.S. immigration policy aimed at leveraging wealth as a means of enhancing economic development and competitiveness on a global scale.
