Despite its US$5 million price tag, former President Donald Trump’s proposed “gold card” visa—offering permanent U.S. residency to ultra-wealthy investors—is struggling to lure Chinese elites. Concerns over taxation, safety, and legal uncertainties are deterring potential applicants, even as similar programs thrive elsewhere.
High Cost Isn’t the Problem—Safety and Stability Are
For wealthy Chinese like Candice Meng, a Guangzhou real estate developer, the visa’s investment requirement isn’t the issue. Compared to European golden visas, which can cost up to €10 million (US10.7million)∗∗,Trump’s∗∗US5 million threshold seems reasonable.
Yet, Meng and other high-net-worth individuals cite major concerns:
✔ Higher U.S. taxes – Fears of global income taxation deter those used to more favorable regimes.
✔ Rising crime rates – Safety concerns, especially in major cities, make the U.S. less appealing.
✔ Policy instability – Trump’s shifting immigration stance creates uncertainty.
Why Other Golden Visas Still Win Over Chinese Investors
While the U.S. struggles, Portugal, Greece, and Malta continue attracting wealthy Chinese with:
✅ Lower investment thresholds (as little as €250,000 in Greece)
✅ Pathways to EU citizenship
✅ Stable tax policies
Could the U.S. Program Rebound?
Experts say the gold card visa could gain traction if:
🔹 Tax policies become more favorable
🔹 Safety perceptions improve
🔹 Legal guarantees strengthen
For now, however, wealthy Chinese investors remain hesitant, opting for more predictable alternatives.
Final Verdict
Trump’s gold card visa faces an uphill battle—cost isn’t the issue, but trust is. Unless the U.S. addresses investor concerns, Europe will keep dominating the golden visa market.
Looking for the best investment migration options? Compare U.S. vs. EU golden visas today.
