Immigrants can buy US residency for $1m as Trump unveils ‘gold card’ visa scheme

US President Donald Trump has launched a new scheme for all the wealthy foreigners to buy an immigration card worth $1m.

The card will benefit the buyers in all paths of legal citizenship for all qualified and verified people.

 However, only those people will be eligible for the gold card who will provide the country with “substantial benefit”, according to the scheme’s official website.

This card was launched just after Washington intensified its immigration crackdown, including rising work visas and deporting undocumented migrants. The gold card is the Trump version of a counterbalance to that.

The gold card is similar to the green card; it allows the applicants to work and live in the United States. The card allows non-US citizens to get fast-track approval to live in the US.

"Basically, it's a Green Card, but much better. Much more powerful, a much stronger path," Trump told reporters at the White House. "A path is a big deal. Have to be great people."