The proposed program would replace the existing EB-5 visa program, which was established by Congress in 1990. According to the U.S. Citizenship and Immigration Services, the EB-5 program allows foreign investors to obtain a two-year green card by investing $800,000 or $1,050,000 in projects that create at least 10 new jobs.

The gold card is a bit like a green card, giving buyers a faster path toward citizenship. President Donald Trump said he is planning to sell a $5 million “gold card” to wealthy foreign investors, giving them the ability to work and live in the U.

The idea that wealthy foreigners can address a nation’s faltering economy is not new. Trump’s gold visas will themselves replace the current EB-5 immigrant investor visa, which offers permanent US residency in return for job-creating investments of at least US$1 million.

Trump said he will replace the "EB-5" immigrant investor visa program, which allows foreign investors of large sums of money that create or preserve U.S. jobs to become permanent residents, with a so-called "gold card.

President Trump's Gold Card proposal proposes US residency in exchange for a $5 million direct government payment.

President Donald Trump has a new means of making the United States trillions of dollars. The Trump administration on Tuesday said it would be revamping the U.S. investor visa, also known as the EB-5,

The proposed gold card visa is intended to supplant the EB-5 programme. However, significant legal questions arise, as the EB-5 program was reauthorized by Congress through 2027 under the EB-5 Reform

President Donald Trump created a stir last week when he announced a new plan to combat the national debt: Selling aspiring Americans a pathway to citizenship for $5 million.

President Trump announced a new immigration initiative — the Trump Gold Card. The proposed plan would replace the long-standing EB-5 Immigrant Investor Program and significantly alter the process for wealthy foreign nationals seeking U.