MIRIAM NNOLI 
PALM BEACH, FLORIDA – FEBRUARY 18: U.S. President Donald Trump delivers remarks before signing an executive order on expanding access to IVF at his Mar-a-Lago resort on February 18, 2025 in Palm Beach, Florida. Later today Fox News will air a joint interview between President Trump and Tesla and SpaceX CEO Elon Musk. Joe Raedle/Getty Images/AFP (Photo by JOE RAEDLE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
The President of the United States (US), Donald Trump on Tuesday announced a plan to sell new gold card residency permits for a price of $5 million each.
President Trump said the sales of the new visa, a high-price version of the traditional green card, would bring in job creators and could be used to reduce the US national deficit.
Speaking to newsmen in the Oval Office, the Republican president, who has made the deportation of millions of undocumented migrants a priority of his second term, said the new card would be a route to highly prized US citizenship.
Trump stated that sales of the cards would start in about two weeks and all applicants for the new gold cards would be carefully vetted.
“We’re going to be selling a gold card. You have a green card, this is a gold card. We’re going to be putting a price on that card of about $5 million.
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“A lot of people are going to want to be in this country, and they’ll be able to work and provide jobs and build companies, It’ll be people with money. Sales of the cards would start in about two weeks.
“We’ll be able to sell maybe a million of these cards. We have it all worked out from a legal standpoint.” Trump stated
However, when asked if wealthy Russians would also be able to apply, Trump said it was a possibility.
A number of Russian oligarchs have been hit by Western sanctions since Moscow’s invasion of Ukraine three years ago.
Trump has caused shock in European capitals by suddenly opening negotiations with Russia to end the war, amid fears that he could be willing to sell Ukraine short.
