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title: U.S. to Replace Investor Visas With $5 Million ‘Trump Gold Card’ Path to Citizenship | TIME
description: President Donald Trump said Tuesday that he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.
Commerce Secretary Howard Lutnick said the “Trump Gold Card” would replace EB-5 visas in two weeks. EB-5s were created by Congress in 1990 to generate foreign investment and are available to people who spend about $1 million on a company that employs at least 10 people.
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og:description: President Donald Trump said Tuesday that he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.
Commerce Secretary Howard Lutnick said the “Trump Gold Card” would replace EB-5 visas in two weeks. EB-5s were created by Congress in 1990 to generate foreign investment and are available to people who spend about $1 million on a company that employs at least 10 people.
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twitter:title: U.S. to Replace Investor Visas With $5 Million ‘Trump Gold Card’ Path to Citizenship
twitter:description: President Donald Trump said Tuesday that he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors.
Commerce Secretary Howard Lutnick said the “Trump Gold Card” would replace EB-5 visas in two weeks. EB-5s were created by Congress in 1990 to generate foreign investment and are available to people who spend about $1 million on a company that employs at least 10 people.
twitter:image: https://cdn.jwplayer.com/v2/media/KHqorVZT/poster.jpg?width=720
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* Politics

# U.S. to Replace Investor Visas With $5 Million ‘Trump Gold Card’ Path to Citizenship

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<!-- video src="https://cdn.jwplayer.com/manifests/KHqorVZT.m3u8" -->
## Video: U.S. to Replace Investor Visas With $5 Million ‘Trump Gold Card’ Path to Citizenship

[Watch (HLS stream): U.S. to Replace Investor Visas With $5 Million ‘Trump Gold Card’ Path to Citizenship](https://cdn.jwplayer.com/manifests/KHqorVZT.m3u8) (2:26)

![U.S. to Replace Investor Visas With $5 Million ‘Trump Gold Card’ Path to Citizenship](https://cdn.jwplayer.com/v2/media/KHqorVZT/poster.jpg?width=720)

_Published 2025-02-26. President Donald Trump said Tuesday that he plans to offer a “gold card” visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors. Commerce Secretary Howard Lutnick said the “Trump Gold Card” would replace EB-5 visas in two weeks. EB-5s were created by Congress in 1990 to generate foreign investment and are available to people who spend about $1 million on a company that employs at least 10 people._


---

Feb 26, 2025 5:20 PM UTC

---

## More From This Series

[All Videos](https://time.com/video/)

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### Trump Confirms He Asked FIFA President for Review of Controversial U.S. Red Card

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### U.S. Imposes Visa Rules for Pregnant Women on 'Birth Tourism'

[The U.S. Has Issued New Visa Criteria For Six Muslim Nations](/video/GgS6ojqV/)

### The U.S. Has Issued New Visa Criteria For Six Muslim Nations

---


## Transcript

We're going to be selling a gold card. You have a green card? This is a gold card. We're going to be putting a price on that card of about $5 million. And that's going to give you green card privileges. Plus it's going to be a route to citizenship. And wealthy people will be coming into our country by buying this card. They'll be wealthy and they'll be successful, and they'll be spending a lot of money and paying a lot of taxes and employing a lot of people. And we think it's going to be extremely successful. The EB five program was really you lend some money, but it was all it was full of nonsense, make believe and fraud.

And it was a way to get a green card that was low priced. So the president said rather than having this sort of ridiculous EB five program, we're going to end the EB five program. We're going to replace it with the Trump Gold card, which is really a green card gold. So they'll be able to pay $5 million to the US government. They'll have to go through vetting. Of course. We're going to make sure they're wonderful, world class global citizens. They can come to America. The president can give them a green card, and they can invest in America, and we can use that money to reduce our deficit. Why do we give out lotteries of green cards?

Why do we give out EB five for green cards? President. United States understands that the right answer is why don't we eliminate the deficit of the United States of America instead? Do you need Congress for this? Do you think you need them? No, we don't need Congress. No, because we're not doing citizenship. We're doing the card. I see. It's a path. It's a path to citizenship, a very strong path to citizenship. But we're not doing the citizenship for that. I'd have to get Congress. And would all countries be eligible for this goal? It depends. The countries, largely the people, will be vetted very carefully.

A Russian oligarch would be eligible for a gold card. Yeah, possibly. Hey, I know some Russian oligarchs that are very nice people. It's possible. Um, they're not quite as wealthy as they. Used to be. They're not as wealthy as they used to be. But I think they can afford. I think they can afford $5 million. So they know a lot of people are going to want to be eligible. A lot of people are going to want to be in this country, and they'll be able to work and provide jobs and build companies and pay taxes, all of those things. It's an incredible, uh, it's an incredible thing.

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