Donald Trump has unveiled a new “gold card” visa program that will allow wealthy foreigners to purchase US residency for US$1 million, marking one of the most controversial policy shifts in his ongoing immigration overhaul.
The initiative, announced on Wednesday, creates a paid pathway for high-net-worth individuals to secure lawful residency, with Trump framing it as a tool to retain “invaluable talent” and attract capital into the US economy. He also teased a premium “platinum card” version priced at US$5 million, which will reportedly grant holders exemptions from certain US taxes.
Trump touted the scheme as offering “a direct path to citizenship for all qualified and vetted people,” posting that American companies would finally be able to keep global talent without bureaucratic hurdles.
The launch comes at a time when the administration is escalating its crackdown on undocumented migration, tightening border controls, and restricting asylum access. Critics argue that Trump is creating a two-tier immigration system, one that shuts the door on struggling migrants while opening it wide for the ultra-rich.
Supporters, however, claim the program could boost investment and stimulate economic activity, especially in sectors hungry for foreign capital.
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Full regulatory details, eligibility criteria, and rollout timelines are expected to be published by the Department of Homeland Security in the coming weeks.
