American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

What is Trump’s $5 million ‘gold card’? A new pathway to US citizenship

by admin February 26, 2025
February 26, 2025
What is Trump’s $5 million ‘gold card’? A new pathway to US citizenship

US President Donald Trump has announced plans to replace the EB-5 immigrant investor visa program with a new “gold card” initiative, allowing wealthy foreigners to purchase a pathway to American citizenship for $5 million.

Speaking to reporters on Tuesday, Trump said the EB-5 program—which grants green cards to foreign investors who contribute to US job creation—was riddled with fraud and inefficiencies.

Instead, he intends to introduce a premium alternative that would offer green card privileges and a streamlined route to citizenship.

“We are going to be selling a gold card,” Trump stated.

“We are going to be putting a price on that card of about $5 million.”

He emphasized that the new program would attract high-net-worth individuals to the US while eliminating loopholes in the existing system.

Commerce Secretary Howard Lutnick reinforced the administration’s stance, calling the EB-5 program outdated and flawed.

“It was full of nonsense, make-believe, and fraud. The president decided it’s time to replace it with something better—so we’re introducing the Trump gold card,” Lutnick said.

When asked whether Russian oligarchs could qualify, Trump acknowledged the possibility.

“Yeah, possibly. Hey, I know some Russian oligarchs that are very nice people,” he remarked.

Further details about the gold card program are expected to be released in the coming weeks.

The post What is Trump’s $5 million ‘gold card’? A new pathway to US citizenship appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Germany’s election shock: Key results, implications, and what’s next
next post
Who runs DOGE? White House says it’s Amy Gleason, not Elon Musk

Related Posts

Tariffs and spending cuts likely to increase US...

March 30, 2025

Hunger in Haiti is spreading amid gang violence,...

April 5, 2024

Priest and six law enforcement officers killed in...

June 24, 2024

Can betting markets accurately predict the 2024 US...

November 3, 2024

OPEC+ faces tough decision: extend cuts or increase...

March 3, 2025

Zelensky sacks bodyguard chief after foiled assassination plot

May 11, 2024

OPEC+ output cuts extended: a difficult decision amidst...

November 30, 2024

UK activates emergency fuel shipment to avoid shutdown...

April 15, 2025

Kraft Heinz plans breakup, weighs $20 billion grocery...

July 13, 2025

Walgreens to go private in $10B deal with...

March 8, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved