• Trump has opened a website for a new $5 million residency visa called the "Trump Card."
• The visa aims to replace the existing EB-5 immigrant investor program, which currently requires lower investments.
• Critics express skepticism about the feasibility and legality of the gold card program.

President Donald Trump announced the opening of a new website for his proposed $5 million US residency permit on TrumpCard.gov, inviting potential applicants to register their interest in the so-called "Trump Card." He stated, "Thousands have been calling and asking how they can sign up to ride a beautiful road in gaining access to the Greatest Country and Market anywhere in the World," echoing similar comments made in earlier announcements, according to Channel News Asia and Al Jazeera.

The Trump Card promises to provide wealthy individuals with a pathway to US citizenship through an investment of $5 million, designed to attract job creators and significantly boost the US Treasury. The new program is proposed to replace the current EB-5 visa, which typically requires investments starting at approximately $1 million, alongside job creation. Critics question the practicality of this shift, emphasizing that only a limited number of wealthy individuals may qualify under the stringent investment conditions, as discussed in sources like India Times and Newsweek.

Critics and experts have raised concerns regarding the visa's viability, suggesting that the ambitious target of attracting over one million investors to contribute $5 trillion is unrealistic. They point to the existing EB-5 program, which has not consistently filled its available quota of visas. Trump's administration hopes that the new scheme will not only bring in investment but also generate taxable income from those who acquire these residency cards, as stated by Dawn and TRT Global.

The Trump Card website currently allows prospective applicants to submit their contact details to receive updates. However, it lacks specific details regarding the program's requirements, leading to accusations that the announcement is more about generating buzz than providing a legitimate immigration pathway, according to The Hill and Newsweek.