The problem with Trump's $5m ‘gold card' visa
However, legal experts have expressed significant scepticism about the card's legality, asserting that the president cannot unilaterally create new visa categories or alter tax laws without an act of Congress.
The initiative, which Treasury Secretary Howard Lutnick suggested could generate up to $1 trillion, aims to replace or supplement the existing EB-5 visa programme.
It would controversially exempt holders from federal income tax on foreign earnings.
Despite over 70,000 expressions of interest, the feasibility of the "Trump Card" is questioned due to legal hurdles and the limited pool of potential applicants, many of whom already reside in the United States.
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