Trump’s $5 Million ‘Gold Card’ Visa Program Launch Date Set: Applications Opening Soon

May 23, 2025 Komal Das

President Donald Trump announced the “gold card” visa program allowing wealthy individuals to gain US permanent residency by investing \$5 million

[{"selector":"#anim-d90988fd-021d-4ddc-865d-45bbeda9ee13 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-8.742857167412325%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8936f157-bb4e-495f-81f5-794126280a01","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b77c99d1-3fd8-499b-8ca9-5b59ff54c1b2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-fab49149-b9fc-4891-a4b0-35496fc7551c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cf394120-f8f9-4270-ad18-58bf24be563e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Applications open soon via ‘trumpcard.gov’, aiming to boost investment and help pay down the US federal debt, now over \$36 trillion

[{"selector":"#anim-0e94c8e0-aad2-42ff-ae00-0c6d631a6bc4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.001562701342198%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-18f2695b-aabc-4ff5-b4eb-791f6b59cf2b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2873d876-0fed-4963-a4b5-99c1f00c7553","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0959f01a-418c-45a2-ad49-971d9ea12d8f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dc34f715-834d-454e-869f-31a4ed678759","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The program offers green card privileges, a path to citizenship, and exempts holders from paying US taxes on overseas income

[{"selector":"#anim-d79bdaf1-eca1-4450-9dbe-ac5bb6fc55a2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-716cd877-adcf-46e9-9d39-6f0474ed1f0a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-52d69a75-f840-4f2a-9e3c-1d546a33f1a3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-faf10d49-eeb4-4802-adb4-ad0978c07ac2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-99c8cb0d-17c5-4b07-a664-3ce9afc901bc","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This new system replaces the EB-5 visa program, which required investments of \$900,000 to \$1.8 million and creation of at least 10 American jobs

[{"selector":"#anim-8f441573-7398-4a60-af4e-1651885d7318 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(13.05728522195457%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-67251481-8abc-46cc-8fec-be342dae1e69","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d9ceac4c-8e2c-4b5a-ab9c-db674e104ec5","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ac89e90c-8e1a-4423-9a87-e253c3cadef6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b7435f1e-ea5b-4cdb-b668-cfcc7e652719","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Commerce Secretary Howard Lutnick said wealthy investors will bring business and opportunity, potentially raising trillions if many participate

[{"selector":"#anim-a273ec4e-e7f2-4955-a6c6-2d79372fcc24 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5079d2ec-d29f-4180-8812-6a1d34cbf81b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-92b8bbec-24a9-4954-bac1-b6120cb46fbf","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3fa4b083-881f-443d-a392-33d918b2aec4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4c44105d-5c7b-4c1b-b505-d77efcffbe4a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Some legislators, including Republicans, say the program needs Congressional approval; its legal status is debated

[{"selector":"#anim-78fe7562-154c-49a1-8b40-3d61c2f40f1b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c4e9d43f-9b2c-4441-9a15-8ffbdd6a13ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-40bd80fe-b28f-4856-8c34-6adf1e111d6d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c43be475-b2a2-492b-b6a9-d374d063b3fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-89fe8752-c8f0-44d1-8ff1-0168821fadb3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Senator Rand Paul voiced concerns that raising the investment to \$5 million could exclude many potential investors currently eligible under EB-5

[{"selector":"#anim-d93de639-af37-4dc5-86e9-cf4c353a3eb2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-15.500000056432036%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c1f5d980-7488-469c-a9a0-70d396fc84a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4b53fd8e-cf62-4f84-b91a-d0baf8260339","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bccc97c9-9979-4d95-8c03-8a9d0a38fb1f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c7fd38ff-3c20-4157-bbe1-518f9322293d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Trump plans to implement the program by executive authority, as part of broader immigration reforms targeting illegal immigration and H-1B visa changes

[{"selector":"#anim-3ec32976-3a2c-41ad-9af0-995601bbb38a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-26f249fb-26d2-46c2-b495-bef34b43f9b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fcf44c14-38d6-425f-a38b-92b785a6fe89","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-fc1817ed-75ca-4de4-856b-8b705175650a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8b3b32b3-c9e0-4f24-93c1-4ca504f8e7d6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Read More Sunil Gavaskar on KL Rahul: The Best Team Player Who Hasn’t Reached His Full Potential ‘Fighting Will Stop Once…’: Netanyahu on Israel-Iran Conflict and Mission Progress Operation Raahat to Operation Sindhu: Indian rescue missions Trump Says Iran Nuclear Sites “Obliterated,” Satellite Pics Raise Doubts