Explainer

What’s a Golden Visa and Where Can You Still Get One?

Donald Trump with his Gold Card, on April 3.Source: AFP

Even as governments around the world crack down on migration with renewed force, many are offering fast-track residency to foreigners, for a price.

On Dec. 10, the US Trump administration rolled out a new visa program targeting the world’s wealthy — a “Trump Gold Card” for individuals who pay $1 million. The program, first announced in February, is an effort to encourage the world’s wealthy to emigrate to the US by offering them residency permits for a hefty price tag.