Trump unveils $5 million “gold card” residency permits for wealthy foreign investors

U.S. President Donald Trump announced on Tuesday a new initiative to introduce a high-value residency permit, dubbed the “gold card,” priced at $5 million per applicant.

The initiative aims to attract wealthy individuals willing to invest in the U.S. economy while also contributing to the reduction of the national deficit.

Speaking at the Oval Office, Trump described the gold card as a premium alternative to the traditional green card, emphasizing its potential to bring in job creators.

“This will be a pathway for people with significant financial resources who want to work, invest, and build businesses in the United States,” he stated.

Trump suggested that sales of the gold card could commence within the next two weeks, estimating that as many as one million permits could be issued.

He assured that all applicants would undergo rigorous screening to ensure compliance with legal and security requirements.

When asked whether Russian oligarchs, some of whom have been sanctioned following Moscow’s 2022 invasion of Ukraine, would be eligible for the program, Trump did not dismiss the possibility. “I know some Russian oligarchs who are good people. They’re not as wealthy as they once were, but I think they could afford the $5 million,” he added.