Trump introduces $5m “gold card” visa for wealthy foreigners, including Russian oligarchs, paving new path to US citizenship.

In Short

Wealthy foreigners can apply for a US visa under the new “Trump gold card” program, costing around $5 million, aimed at attracting rich individuals. The initiative offers a pathway to citizenship, replacing the EB-5 immigrant investor visa, amidst a focus on deporting undocumented immigrants.

Wealthy foreigners can soon apply for a US visa under the new “Trump gold card” program, costing around $5 million.

This initiative, announced by President Donald Trump from the Oval Office, aims to attract rich individuals, including potential Russian oligarchs, to the United States.

Trump stated that the program could be operational within two weeks and would offer a pathway to citizenship for affluent applicants.

He noted that these individuals would contribute to the economy through spending and taxation.

When questioned about Russian oligarch eligibility, Trump acknowledged the possibility, mentioning that he knows “very nice people” among them.

The gold card program will replace the current EB-5 immigrant investor visa, which requires investments starting at $1 million to obtain residency.

Secretary of Commerce Howard Lutnick assured thorough vetting of applicants, emphasising the need for them to be “wonderful, world-class global citizens.”