An IMGlobalWealth.com News Report
President Donald Trump has made waves in the global visa market by reducing the price of his Gold Card programme from $5 million to $1 million. The executive order signed last week formally launches the Gold Card, which promises residency in “record time,” making it one of the most sought-after golden visas worldwide.
” (Expected) at least 5,000 to 10,000 applications annually once the programme gains traction”
First unveiled in February at $5 million, the Gold Card now positions the U.S. below many competing programmes. Singapore’s investment visa costs nearly $8 million, New Zealand’s programme approaches $3 million, and even Samoa requires $1.4 million. For many ultra-wealthy families, the $1 million entry point is comparatively modest, offering access to the U.S. education system, health care, banking, and financial markets.
Immigration advisors report a surge in interest. Quoted by CNBC, Reaz Jafri of international law firm Withers notes that families from China, India, and elsewhere are already signalling intent to participate. Dominic Volek, Group Head of Private Clients at Henley & Partners, told CNBC he expects at least 5,000 to 10,000 applications annually once the programme gains traction. Yet many potential applicants are waiting to see the first approvals before committing, reflecting caution in a programme with tentative legal footing.
“Trump has created a global magnet for high-net-worth individuals, combining speed, access, and prestige in a single offering”
The Gold Card uses the infrastructure of existing EB-1 and EB-2 programmes, but its $1 million fee is officially designated as an “unrestricted gift” rather than a formal visa fee. This workaround allows the president to introduce the programme without immediate congressional approval, though critics anticipate legal and legislative challenges, particularly for applicants from countries such as China and India, where EB-1 and EB-2 backlogs stretch for years.
The White House has also signalled plans for a $5 million Platinum Card, offering tax benefits for ultra-wealthy individuals who wish to spend time in the U.S. without incurring taxes on foreign income. Unlike the Gold Card, however, the Platinum Card does not confer residency or citizenship, limiting its appeal.
For many families, the Gold Card’s value lies in education and opportunity. Children of wealthy overseas investors can study in the U.S., enter its job market, and pursue entrepreneurial ventures. Advisors predict that the programme will remain attractive even amid uncertainties, particularly as geopolitical tensions prompt affluent individuals to seek alternative residencies.
By reducing the cost to $1 million, Trump has created a global magnet for high-net-worth individuals, combining speed, access, and prestige in a single offering. Observers suggest that if the programme proves successful, further tiers, potentially a Black Card with even greater privileges, could follow.
