President Donald Trump has introduced a new immigration scheme offering fast-tracked US visas to wealthy foreigners willing to pay at least $1 million. The program, known as the Gold Card, promises a quicker path to US residency and, eventually, citizenship for those who meet strict requirements.
Trump described the Gold Card on social media as a “direct path to citizenship for all qualified and vetted people.” He said the initiative would help American companies retain skilled workers and attract “invaluable talent” from abroad. The scheme was first announced earlier this year and is now officially open for applications.
According to the programme’s website, the Gold Card will be issued only to individuals who can provide a “substantial benefit” to the United States. The $1 million payment is part of the eligibility criteria and serves as proof of economic value to the country. The website claims applicants will receive residency in “record time.”
Businesses that want to sponsor foreign employees must pay $2 million plus additional fees. The government also plans to launch a “platinum” version of the card with special tax perks for a $5 million price tag. Each applicant must also pay a non-refundable $15,000 processing fee before their case is reviewed.
The scheme has drawn criticism since its initial announcement in February. Several Democrats argue that the program unfairly benefits the wealthy and creates an immigration path only accessible to the elite. They also note that the initiative comes as the US government tightens immigration rules, increases work visa fees, and accelerates deportations of undocumented migrants.
Trump has defended the program, saying it targets “high-level” professionals and people who can create jobs. He compared the Gold Card to existing green cards but stressed that this scheme is designed for applicants who can invest heavily in the American economy.
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The launch also aligns with broader immigration actions, including a pause on applications from countries under Trump’s travel ban and new fees for H-1B visa applicants abroad.
