U.S. President Donald Trump's $5 million so-called 'gold card' visa program is unlikely to trigger a major inflow of wealthy global investors seeking U.S citizenship because of concerns over higher taxes,

U.S. President Donald Trump on Wednesday said his proposed $5 million "gold card" visa would help the country pay down its debt while offering top companies a way to attract top immigrant workers. Trump said the country would start selling the visa in about two weeks.

President Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.

WASHINGTON—President Trump said Tuesday that he would allow wealthy individuals to pay $5 million for a “gold card” that would grant them permanent U.S. residency, ending an existing program that offers green cards to people who invest in the country.

President Donald Trump announced a new visa program for investors coming to the United States on Tuesday that would cost applicants $5 million. Trump, touting the project as a "Gold Card" program mimicking the Green Cards permanent residents get,