As the program rolls out, here's everything you need to know about this controversial and groundbreaking policy.

What's the $5 Million Gold Card?

The Gold Card is a new immigration visa granting permanent residency to foreign nationals who can pay a direct, non-refundable $5 million fee to the U.S. government. Unlike the traditional EB-5 program, which requires job creation and investments into businesses, the Gold Card simplifies the process significantly, offering an immediate residency pathway without employment or business creation requirements.

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Interesting Fact: Gold Card

• Elon Musk's tech team helped develop the software infrastructure behind the Gold Card processing system, highlighting private sector involvement in governmental programs.

• Real estate prices in cities like New York, Los Angeles, and Miami are projected to surge due to increased demand from Gold Card holders.

• Countries like Portugal, Malta, and Singapore offer similar "golden visa" programs at much lower entry points, usually below $1 million.

Has the Gold Card Been Launched Yet?

Yes. Officially launched in early March 2025, the Gold Card quickly attracted global attention. Commerce Secretary Howard Lutnick confirmed that within just one day of launching, the program sold over 1,000 Gold Cards, generating an impressive $5 billion revenue.

Daily Sales and Financial Expectations

The administration reported initial sales exceeding expectations, selling approximately 1,000 Gold Cards daily during the initial launch phase. President Trump and his advisors estimate the global market for the Gold Card to be around 37 million potential buyers. Optimistically, the government hopes to sell up to one million Gold Cards, significantly helping reduce the national debt.

Eligibility Beyond Wealth

Applicants must undergo extensive background checks to ensure they are "world-class global citizens" without criminal histories or ties to problematic entities. Although citizenship is attainable later, many might prefer to maintain permanent resident status to avoid the U.S. taxation on global income.

Public Debate and Market Reactions

The Gold Card has sparked extensive public and political debate. Advocates see this initiative as a powerful economic boost, bringing in high-spending individuals who could positively impact American businesses, real estate, and the luxury market.

Critics, however, highlight potential pitfalls: inflated property markets, increased inequality, and concerns about morality and fairness. Critics argue that the $5 million price tag is overly expensive compared to similar programs globally, potentially limiting its appeal.

Broader Implications and Insights

The introduction of the Gold Card may drastically alter U.S. immigration dynamics, influencing real estate prices and economic stratification. It marks a significant shift towards wealth-based immigration policy, a trend mirrored by several other developed countries.

FAQs: Everything You Need to Know About the $5 Million Gold Card

1. What exactly does the Gold Card offer?

The Gold Card provides permanent U.S. residency without requiring employment or business investments, provided applicants pay a one-time fee of $5 million.

2. How many Gold Cards have been sold so far?

Over 1,000 Gold Cards were sold on the first day alone, with daily sales initially averaging around 1,000.

3. Is $5 million for U.S. residency considered expensive?

Yes, compared to similar global programs, the $5 million fee is relatively high, but proponents argue it aligns with the benefits and simplicity offered.

4. Can Gold Card holders become U.S. citizens?

Yes, holders are eligible to apply for U.S. citizenship after five years of residency, although some may choose not to pursue citizenship due to tax implications.

5. What are the major criticisms of the Gold Card program?

Critics argue it could exacerbate housing affordability issues, widen economic disparities, and create ethical concerns around wealth-based immigration.

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