Trump Signs Executive Order Establishing $1 Million “Gold Card” Residency Program

President Donald Trump on Friday signed an executive order creating a “Gold Card” visa that grants U.S. residency rights to individuals who pay a $1 million fee and pass Department of Homeland Security vetting. The initiative aims to raise billions for federal priorities while streamlining a path for wealthy immigrants to live and work in the United States.

The Gold Card program replaces the EB-5 immigrant investor visa by eliminating job-creation requirements and setting a uniform $1 million investment threshold. It fast-tracks residency for high-net-worth individuals and corporate sponsors willing to contribute $2 million, signaling a shift toward revenue generation over economic development through targeted investments.

Key Provisions

  • Fee Structure: $1 million individual contribution; $2 million for corporate sponsorships.
  • Residency Benefits: Applicants gain permanent resident status, with no specific investment projects required.
  • Revenue Allocation: Funds are earmarked for reducing the national debt, infrastructure projects, and tax relief initiatives.

Anticipated Impact

Trump administration officials project the Gold Card program will generate “billions and billions” of dollars to bolster federal finances. By removing the EB-5’s requirement to create at least 10 American jobs per investment, the order shifts the focus from targeted economic growth to direct treasury inflows.

Real estate developers, who have depended on EB-5 capital for major projects like mixed-use developments and affordable housing, may face funding gaps of $4-5 billion annually. Industry leaders are exploring alternative financing methods, including Opportunity Zones and private equity partnerships, to fill the void.

Criticism and Support

Critics argue that the Gold Card’s wealth-based criteria undermine U.S. immigration’s traditional emphasis on job creation and entrepreneurial incentives. Supporters contend the streamlined process will attract ultra-wealthy individuals who contribute significant capital without the administrative burdens of project-based investments.

Looking Ahead

The order also hints at additional visa categories-a forthcoming “Platinum Card” with a higher fee and extended benefits is under consideration. Lawmakers and industry stakeholders will closely monitor program uptake and its effects on immigration patterns, real estate markets, and federal revenue streams.