On one hand, Elon Musk-led DOGE team is working towards reducing federal deficit, and on the other hand, President Trump is coming up with ways to fuel the US economy. One such move is Trump’s Gold Card – the quickest route to US citizenship for the affluent. The Trump 2.0 administration introduced a new immigration initiative – ‘Gold Card’ program – with a hefty price tag for foreign millionaires seeking to bypass the Green Card backlog. The American Dream would soon be elusive to the less affluent.
What is Trump’s Gold Card for rich immigrants?
Scheduled to be launched in the next two weeks, the Gold Card program promises to lay the easiest and shortest pathway to the most coveted US citizenship at a whopping cost of $5 million. The new US investor visa is designed to simplify the immigration process and reduce bureaucratic delays for high-net-worth foreign individuals. President Trump’s $5-million Gold Card visa is not an alternative to the existing EB-5 Visa. Rather, it aims to put an end to EB-5 Visa which the Trump government dismisses as “full of nonsense, ridiculous, and fraud.”
Another objective of replacing the EB5 investment visa with the new ‘Gold Card’ is to pump trillion dollars of foreign investment into the US economy. At a recent press conference, Trump projected that issuing approximately one million Gold Cards could inject around $5 trillion into the US economy. He went on to suggest that if up to ten million cards were issued, the total investment might reach an astounding $50 trillion—a move he believes would significantly lessen the nation’s $35 trillion debt burden.
Impact of Trump’s Gold Card Visa on Indians in USA
Many Indians on H1B, L1, and O1 visas have obtained lawful permanent residency through the EB5 investor program. A switch from a non-immigrant work visa to an immigrant visa like EB5 became their favorite path to secure a Green Card and live the American Dream. The EB-5 visa requires Green Card seekers to create minimum 10 jobs in USA by investing $800,000-$1.05 million, one-fifth of USD 5 million for the new ‘Gold Card’ visa. With EB-5 Visa being replaced with an exorbitantly priced Gold Card, non-immigrant Indians may find it impossible to obtain a Green Card through investment.
Also Read: Indian American CEO shares his short journey from H1B visa to Green Card
The premium US residency model or Gold Card signals a paradigm shift in Trump’s take on immigration. This mirrors the global trend of wealth-based immigration among countries vying to attract high-net-worth individuals. The UAE, Portugal, and Australia have been actively promoting golden visa schemes. Henley & Partners’ 2025 Global Residence Program Index ranks Greece as the top destination in this space, followed by Switzerland and Portugal. The US’ entry to this competitive space, with Trump’s Gold Card program, commodifies lawful permanent residency and American citizenship.
