The Trump administration has launched the “Trump Card” website, allowing interested immigrant investors to sign up for updates on the “gold card.”
- President Trump and Commerce Secretary Howard Lutnick announced plans for the “gold card” visa in February, saying it will offer residency and a path to citizenship for $5 million.
- In late May, Lutnick said the card would replace the EB-5 immigrant investor program, contradicting earlier statements where he said the gold card would exist in addition to the EB-5 program.
What they’re saying:
- Immigration experts have previously warned that the “gold card” would require approval from Congress and an update to the annual cap on employment-based green cards in addition to new tax laws to regulate the program.
- Some experts have warned that there are very few individuals who will be able to afford the program; others have questioned why the website is not housed under USCIS, like other immigration status applications.
Erickson Insights & Analysis
The Trump Gold Card program is expected to face litigation from foreign nationals in pending green card queues after it is officially announced. The process, specific requirements, and timeline have not been released at this time. Erickson Immigration Group will continue to monitor developments and share updates as more news is available. Please contact your employer or EIG attorney if you have questions about anything we’re reporting above or case-specific questions.