Trump's Gold Card: $1M Visa for Wealthy, Replaces EB-5

• President Trump announced a "gold card" visa for wealthy foreigners, offering a direct path to citizenship.
• Applicants must pay at least $1 million; corporations pay $2 million per foreign-born employee.
• The Gold Card replaces the EB-5 investor visa program.
• It is described as a "much better" green card, targeting high-level professionals and high-net-worth individuals.
• A "platinum" version for $5 million will offer tax benefits and extended stays in the US.

Why It Matters: Trump's "Gold Card" offers a fast, costly path to US residency for the rich.