Immigration law experts say the “gold card” proposal is far more complicated and uncertain than President Donald Trump and Commerce Secretary Howard Lutnick made it sound when they announced it last week.

The president initially said his $5 million green card alternative would replace a visa for foreign investors that has become a favorite financing tool of major developers.

An influx of immigrants who pay $5 million for a visa could increase demand in the “ultrahigh end of the real-estate market,” said a National Association of Realtors economist.

Estimates of how many millionaires could afford to buy Trump's proposed visa range from 1.5 to 3.3 million people, according to recent reports.

With a timeline of around two weeks given by Trump and Commerce Secretary Howard Lutnick on Tuesday to get the Gold Card up and running, details remained vague by the end of the w

President Donald Trump has a new means of making the United States trillions of dollars. The Trump administration on Tuesday said it would be revamping the U.S. investor visa, also known as the EB-5,

President Donald Trump has announced a proposal to introduce a $5 million ‘gold card’ visa, offering a direct path to U.S. residency for the world’s wealthiest individuals. Unlike the existing EB-5 visa program,

President Donald Trump is planning a “gold card” visa with a potential pathway to U.S. citizenship for $5 million. The program would replace an existing program that offers U.S. visas to investors who spend about $1 million on a company that employs at least 10 people.