Trump Launches $1 Million “Gold Card” for Fast-Track US Residency

President Donald Trump has rolled out a new immigration program. It offers wealthy foreign nationals a fast track to US residency. The cost is a $1 million payment to the government.

Branded the Trump Gold Card, it is being promoted as a premium alternative to standard green cards. According to Reuters, the official website launched this week. The move comes amidst a broader administration crackdown on other immigration pathways.

Program Details and High Financial Thresholds

The program promises legal residency in record time. Applicants must pay a $15,000 processing fee. They must also pass a background check.

The core requirement is a $1 million “contribution” to the US Treasury. Trump has marketed it as a better, stronger version of a Green Card. A corporate version is available for $2 million per employee.

Businesses face additional annual and transfer fees. Commerce Secretary Howard Lutnick told Reuters the program could raise billions. He said thousands pre-registered interest.

A more expensive $5 million “Platinum Card” tier is reportedly in development. According to The Guardian, it would offer extended stays with foreign income tax benefits.

Policy Contradiction and Legal Realities

The launch creates a stark contrast in immigration policy. The Trump administration is simultaneously restricting legal channels and accelerating deportations. This new plan opens a dedicated lane for the wealthy.

Critics argue it prioritizes money over merit for entry. Trump defended the approach to Reuters. He said it brings successful people who spend money, unlike border crossers.

However, the fine print is crucial. The Independent clarified the card guarantees residency, not automatic citizenship. Holders must still qualify under existing visa categories for high achievers.

Payment can be made via cryptocurrency or loans. Despite the fast track, applicants from countries with large backlogs may still face delays for permanent status.

The new Trump Gold Card program fundamentally shifts US immigration policy towards a wealth-based model. This $1 million fast-track system highlights a growing global trend of “golden visa” schemes.

Thought you’d like to know

What does the Trump Gold Card actually provide?

It provides a fast-track to legal US residency, not citizenship. It is marketed as a more powerful alternative to a standard green card process, according to official statements reported by Reuters.

How is the corporate version different?

Businesses can apply for employees at a cost of $2 million per person. They also must pay a $20,000 annual maintenance fee and a transfer fee if they assign the visa to a different worker.

Is there a cheaper option available?

No. The entry point is the $1 million Gold Card. A more expensive $5 million Platinum Card with additional tax benefits is planned, as reported by The Guardian and The Independent.

Does this contradict Trump’s strict immigration stance?

Analysts note a clear contradiction. It eases entry for wealthy investors while the administration makes immigration harder through other channels, a point highlighted by several news outlets.

Can you pay with a credit card or crypto?

According to program details, payment can be made via cryptocurrency. Funds can also come from loans or gifts from parents, expanding the potential pool of applicants.