WASHINGTON, D.C., March 25, 2025: Former U.S. President Donald Trump’s new ‘Golden Visa’ or ‘Gold Card’ residency program is making waves globally, with a record-breaking 1,000 cards sold in a single day. Each card, priced at $5 million (approximately ₹43 crore), offers permanent U.S. residency without global taxation obligations—and has already generated a staggering $5 billion (₹43,000 crore) in revenue for the government.
What is the ‘Gold Card’?
The ‘Gold Card’ provides a unique residency opportunity:
Permanent U.S. Residency with freedom to enter and live in the U.S. anytime.
Optional Citizenship – applicants can choose whether or not to apply for U.S. citizenship.
No Global Taxation – cardholders are only taxed on income earned within the U.S., exempting them from taxes on overseas income.
According to U.S. Commerce Secretary Howard Lutnick, the program received an overwhelming response, with 1,000 cards sold on the very first day of its soft rollout. Lutnick made the revelation during an appearance on the popular ‘All-In’ podcast, calling the initiative a potential game-changer for the U.S. economy.
Elon Musk Involved in Tech Infrastructure
In a surprising development, Elon Musk is reportedly developing the software infrastructure for the Gold Card system. The official launch of the scheme is expected within two weeks, but Lutnick confirmed that early sales have already set the tone for what could be a revolutionary immigration model.
Why Is the Scheme So Popular?
The Gold Card program appeals to high-net-worth individuals worldwide for several reasons:
Safe Haven: In times of geopolitical uncertainty or crisis, cardholders and their families can immediately relocate to the U.S.
Global Tax Relief: Unlike standard U.S. residents, Gold Card holders won’t pay taxes on foreign income.
Unlimited Issuance: Trump has removed any annual cap, meaning there’s no limit on how many cards can be sold.
Massive Revenue Potential: The Trump administration estimates that up to 37 million individuals globally can afford this card. Selling even 1 million cards could drastically reduce national debt and fiscal deficit.
A Vision for Economic Transformation
“This is just the beginning,” said Lutnick. “If I weren’t already a U.S. citizen, I’d buy six Gold Cards—for myself, my wife, and my four kids. It’s a future-proof plan for any global crisis.”
Experts believe this strategy could attract global billionaires, entrepreneurs, and elite investors looking for political stability, personal safety, and tax optimization.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
