February 26, 2025 10:16 AM

Trump announces ‘Gold Card’ programme for wealthy foreigners, offering US residency for USD 5 million

US President Donald Trump announced on Tuesday that the United States will introduce a “Gold Card” programme for wealthy foreigners, granting them the right to live and work in the country, with a pathway to citizenship, in exchange for a USD 5 million fee, CNN reported. The CNN report, citing Commerce Secretary Howard Lutnick, stated that the Gold Card will replace the existing EB-5 immigrant investor visa program. “They’ll have to go through vetting, of course,” the CNN report quot...