US Introduces $1 Million Residency-by-Investment Visa

The United States government has officially launched a new residency-by-investment program, introduced as the "Trump Gold Card." The initiative, established through an executive order, allows foreign nationals to obtain lawful permanent residency for a $1 million investment, with a higher-tier option providing significant tax advantages for a $5 million payment.

Announced by Commerce Secretary Howard Lutnick, the program aims to generate over $100 billion in revenue for the U.S. Treasury. The policy marks a significant shift in U.S. immigration, creating a direct financial pathway to residency that has sparked debate over economic benefits and ethical considerations.

How the Investment Visa Program Works

The new program establishes two distinct tiers for foreign investors seeking to reside in the United States. The structure is designed to be straightforward, with an online application process followed by government vetting.

The Gold Card Tier

For a payment of $1 million, an individual can apply for the "Trump Gold Card." If approved, the cardholder receives lawful permanent resident status, commonly known as a green card. This status is granted through the EB-1 or EB-2 visa categories.

The program also provides an option for businesses. A company can purchase a card for $2 million to sponsor an employee. A key feature of the corporate option is its transferability; the business can reassign the sponsorship to another employee in the future without an additional fee.

The Platinum Card Tier

A second, more exclusive option is the "Trump Platinum Card," which requires a $5 million investment. This tier offers the same residency benefits as the Gold Card but includes a significant tax incentive. Platinum cardholders can reside in the U.S. for up to 270 days per year without being subject to U.S. taxes on their income earned outside the country.

This provision is specifically designed to attract high-net-worth individuals who wish to live in the U.S. part-time while protecting their global earnings from American taxation. According to Commerce Secretary Howard Lutnick, this structure transforms the program from a simple residency offer into a strategic financial planning tool for the global wealthy.

Application and Legal Framework

Prospective applicants can begin the process through a dedicated government website, TrumpCard.Gov. After submitting initial information, the United States Citizenship and Immigration Services (USCIS) will manage the subsequent steps, including comprehensive background checks.

A central point of discussion is the program's legal foundation. The administration plans to use the existing EB-1 and EB-2 visa classifications, which have historically been reserved for individuals with "extraordinary ability" or those holding advanced degrees. Critics argue that repurposing these categories for a pay-to-enter system may not be permissible under current immigration law.

Legal experts anticipate that the unilateral redefinition of these visa criteria by executive order will likely face immediate challenges in federal courts. The core legal question is whether the executive branch has the authority to fundamentally alter the basis of these visa categories from merit-based to capital-based without congressional legislation.

Economic Goals and Broader Implications

The primary stated goal of the Gold Card initiative is fiscal. The administration aims to use the proceeds to address the U.S. national debt, which currently exceeds $36.22 trillion. Proponents frame it as an innovative method of fundraising that leverages the high demand for U.S. residency.

However, the program raises significant economic and social questions. One major concern is the potential impact on housing markets. An influx of ultra-wealthy individuals could inflate property values in major metropolitan areas, making housing less affordable for existing residents. This could increase economic inequality and social tensions.

Another point of debate is the principle of U.S. immigration. Historically, U.S. policy has emphasized ideals of merit, family reunification, and humanitarian refuge. The introduction of a direct pay-to-play system challenges these long-standing values, shifting the focus toward an applicant's financial capacity.

The program fundamentally shifts the narrative around U.S. residency, framing it as a commodity rather than a privilege earned through traditional processes. This raises questions about the message the U.S. is sending to the global community.

Concerns Over Fairness and Security

Beyond the economic impact, critics have raised concerns about fairness and national security. The idea that wealth can purchase a fast track to U.S. residency, while millions of others wait years in conventional immigration queues, has been criticized as inequitable.

There are also worries that the program could be exploited by individuals seeking to launder money or evade justice in their home countries. While the government has stated that all applicants will undergo rigorous background checks, the effectiveness of this vetting process will be critical to the program's integrity.

The identities of approved visa holders will remain private, which adds another layer of complexity. The lack of transparency makes it difficult to assess whether the program is attracting entrepreneurs and innovators or simply providing a haven for individuals who may not align with U.S. interests.

The success of the Gold Card initiative will ultimately be measured not just by the revenue it generates but by its long-term impact on the American economy and society. Whether it is viewed as a pragmatic solution to fiscal challenges or a departure from national values remains to be seen.