The 'gold card' visa program, introduced by U.S. President Donald Trump, allows foreigners to invest at least $1 million to legally reside and work in the United States. Commerce Secretary Howard Lutnick announced that the program has already generated $1.3 billion in interest since its launch in December 2022, with only one visa approved so far. The program is designed to attract skilled immigrants and replace the older EB-5 program, which required a similar investment for U.S. visas. Each applicant pays a $15,000 fee for rigorous vetting, and corporations can invest $2 million for foreign employees. Trump has emphasized the program's potential to boost federal revenue, with projections suggesting it could raise $1 trillion to help address the current national debt of $31.3 trillion. The concept of 'golden visas' is not unique to the U.S., as many countries, including the UK and Canada, offer similar programs to wealthy individuals.