President Donald Trump announced Wednesday that his new $5 million investor visa program — now called “The Trump Card” — has opened its waiting list.
Trump introduced the idea earlier this year under the name “Gold Card,” and says the program will offer permanent residency, work authorization, and a path to U.S. citizenship in exchange for a major investment.
On Truth Social, Trump wrote: “Thousands have been calling and asking how they can sign up… THE WAITING LIST IS NOW OPEN.”
Visitors to the newly launched website, TrumpCard.gov, can now register their name, region, email, and whether they are applying as an individual or business. The site promises to “notify the moment access opens,” though it remains light on formal details about eligibility, vetting, timing, or additional program specifics.
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A Replacement for the EB-5 Visa?
The proposed Gold Card would function as a high-dollar alternative to the existing EB-5 immigrant investor program, which grants lawful permanent residency to those who invest $1,050,000 (or $800,000 in targeted employment areas) in the U.S. economy.
Interest Already Growing
According to Commerce Secretary Howard Lutnick, interest in the program is strong. He said that during a recent trip to the Middle East, he was already promoting the program to potential investors. “Everyone I meet who is not an American is going to want to buy this card if they have the fiscal capacity,” he said last month at an event in Washington, D.C.
Supporters of the initiative argue it could attract wealthy individuals who contribute to the U.S. economy and provide an alternative route to residency during a time when other immigration pathways are becoming more restricted.
Legal Questions Remain
Immigration law experts have raised questions about the legality of creating such a visa without congressional approval. Introducing a brand-new immigration pathway typically requires legislation passed by Congress. So far, no such law has been enacted.
A Global Trend
Several other countries have tried similar “golden visa” schemes — including Portugal, Greece, and the United Kingdom — offering residency or citizenship in exchange for sizable investments. Many of those programs have been scaled back or ended due to concerns over limited economic benefit and lack of transparency.