US President Donald Trump has introduced a new visa program called the Gold Card, offering residency in “record time” for a discounted fee of $1 million. The move has created significant interest among the world’s wealthy, with demand already surging. However, the program faces obstacles, including potential court challenges and delays.
The reduced price has made the Gold Card one of the most attractive options globally, even surpassing Singapore’s investment visa program. Immigration attorneys predict hundreds of applications will be processed once the program is launched.
Despite the excitement, there are concerns about the program’s impact on existing immigration laws. The $1 million fee may lead to lawsuits from applicants who have been waiting in line for years. Moreover, the Platinum Card, with its higher price tag and limited benefits, may not appeal to many ultra-wealthy individuals.
However, experts see potential for the Gold and Platinum cards to cater to different segments of the global wealthy population. The Gold Card could be particularly attractive to sons and daughters of overseas billionaires looking to pursue education and career opportunities in the US. As demand for alternative citizenships grows due to geopolitical uncertainty, Trump’s initiative may help meet this demand.
Source: https://www.cnbc.com/2025/09/26/trump-gold-card-visa-wealthy.html