President Donald Trump has introduced a new initiative allowing individuals to apply for a “Trump Gold Card,” offering permanent U.S. residency for a $5 million fee.

On Wednesday, Trump announced the launch of TrumpCard.gov, a dedicated website where interested applicants can sign up by providing their name, region, email, and whether they are applying as an individual or a business. 

The site promises to notify registrants as soon as the application process officially begins.

In a Truth Social post, Trump stated, “Countless people are eager to join the greatest nation and market in the world – the United States of America. The waiting list is now open!”

The concept of the residency card was first floated by Trump in February, describing it as a “gold card” that would grant wealthy applicants residency, work authorization, and a pathway to citizenship. 

“These will be prosperous, successful individuals who will spend generously, pay substantial taxes, and create jobs,” Trump remarked at the time.

In April, Trump showcased a prototype of the gold-colored card, featuring his image, to journalists aboard Air Force One.

According to Trump administration officials, the new card is set to replace the existing EB-5 visa program, which offers permanent residency to foreign investors who contribute at least $1.05 million, or $800,000 in targeted economically challenged areas. 
While the $5 million fee is the primary requirement, details on additional eligibility criteria remain undisclosed, though a vetting process has been mentioned. 

Under current U.S. immigration laws, permanent residents can pursue citizenship after five years, provided they demonstrate basic English proficiency and meet “good moral character” standards.

Source: Al Jazeera

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