Former President Donald Trump’s Gold Card proposal is one step nearer to fruition. Former President Trump revealed on June 12 through Truth Social that “THE WAITING LIST IS NOW OPEN,” providing prospective applicants their first tangible action towards being a part of the program.
This investment-driven scheme, informally referred to as the Trump Card or Gold Card, has been under discussion since Trump’s return to the White House. It is designed to provide high-net-worth individuals with a special quick route to U.S. residency in return for a multi-million-dollar investment billed at around $5 million.
Waitlist Now Live
Interested persons are now able to register their intention on the official web page, trumpcard.gov. The webpage invites users to provide simple information such as name, region, field of interest (individual or business), beneficiary (self, spouse, family, or others), and an email address.
Though the card itself hasn’t launched, the waitlist serves as a way to compile a database of prospective investors. As stated on the site: “The Trump Card is coming. Enter your information below to be notified the moment access opens.”
What Is the Trump Card?
Trump Card is a policy proposal intended to attract huge foreign investments to the U.S. economy by providing a quicker path to residency or potential citizenship. In the event that it were enacted, this system would supplant the current EB-5 visa system, which demands at least $1.05 million or $800,000 in high-employment areas as an investment, plus job creation.
The Trump administration seeks to frame the new program as a superior and more influential version of EB-5, targeting mainly the super-rich.
Economic Objectives and Legal Ambiguity
Commerce Secretary Howard Lutnick has been a strong supporter of the program, citing significant interest from Middle Eastern high-net-worth individuals. He thinks the program can cut the national debt by a lot.
But critics have questioned whether a sweeping change in immigration policy can be implemented via executive order. Numerous legal ambiguities and structural deficiencies have been pointed out that could preclude its success or even implementation.
Congress has not yet approved any legislation in favor of the Trump Card program. Consequently, although the waitlist is a sign of advancement, the project is still hypothetical and politically divisive.
