Overview
- Applications are now open for individuals to buy expedited U.S. residency for $1 million, with a $2 million option for companies to secure status for an employee.
- The official site lists a $15,000 processing fee and strict background checks, with promises of faster processing and a potential path to citizenship after several years.
- A proposed $5 million 'Platinum' tier is promoted with up to 270 days in the U.S. and suggested foreign‑income tax advantages, though timing and legal specifics are not detailed.
- The Commerce Department has touted more than $100 billion in potential revenue from Gold and around $1 trillion from Platinum, without providing a timeframe.
- The rollout follows a sharp increase in other visa costs, including raising the H‑1B fee to $100,000, drawing criticism that access is being reshaped in favor of the wealthy.