President Donald Trump introduced an innovative immigration Gold Card program that allows companies to purchase these cards for $5 million to hire top-tier employees.
Aimed at addressing the uncertainties around work visas and green card delays, this initiative focuses on highly skilled professionals, especially those graduating from prestigious schools like Wharton, Harvard, and Stanford.
The Gold Card will provide green card privileges and could serve as a route to US citizenship, which could be a solution for the ongoing issues with the H-1B work visa system and the decades-long wait for green cards faced by people from countries like India.
The proposed Gold Card system would allow companies, including tech giants like Apple, to directly purchase cards for the most talented graduates in their field, securing their ability to work and live in the US.
This program replaces the current EB-5 program, which grants green card privileges to individuals who invest between $800,000 and $1.05 million to create jobs in the US.
Trump’s Gold Cards would cater to affluent investors and business leaders who create jobs, and would streamline the immigration process, benefiting both employers and skilled professionals.
Trump also sees this program as a potential revenue source for the US government.
He suggested that selling a million cards could generate $5 trillion, which could help address the country’s $35 trillion debt.
The proposal could be unveiled within the next two weeks, and Trump has emphasized that it would not require Congressional approval, as it would be similar to the existing green card system.
However, national limits on green cards might restrict the full implementation of the Gold Card system.
In his remarks, Trump expressed his desire to end certain existing programs, such as the green card lottery, which allocates visas through a lottery to people from countries with unused green card quotas.
Commerce Secretary Howard Lutnick criticized the current EB-5 program, calling it “low-price” and “fraudulent,” reinforcing Trump’s push for immigration reform.
With the potential expiration of the EB-5 program in 2027, the Gold Card could redefine immigration for skilled professionals, offering both a solution for businesses and a path to citizenship for high-caliber talent.
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