From South Florida legal advisers to real estate agents seeking buyers of high-end homes and condos, President Donald Trump’s proposed $5 million gold card for foreigners seeking U.S.

The US Department of State's latest Visa Bulletin introduces significant delays for Indian and Chinese investors in the EB-5 program due to retrogression, pushing back Final Action Dates. Former President Trump proposes a $5 million Gold Card residency plan as an alternative.

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

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.

President Donald Trump has said he does not need Congress to create so-called gold cards to offer foreign nationals a path to citizenship at the price of $5 million, but immigration policy experts and some Republican lawmakers cast doubt that a president could implement such a plan alone.

President Donald Trump has proposed a $5 million “Gold Card” visa to replace the EB-5 program, sparking debate over its prioritization of wealth over merit. The plan offers wealthy individuals expedited residency and citizenship.

United States President Donald Trump’s plan to attract foreign investors by selling Gold Cards for US$5 million is light on details, but the program is expected to let rich foreigners get a residency permit and an easier route to becoming a U.

A $5M ticket to U.S. citizenship will lure the same kind of shady individuals who pounced on the chance for EU citizenship.