Foreign nationals with $5 million to spare will soon be able to register for a new “gold card” visa that would give them the right to live and work in the United States, Treasury Secretary Howard Lutnick said on Wednesday.

Even the wealthy may not want to pay $5 million rather than invest that sum, said Dominic Volek of investment migration consultancy Henley & Partners.

The director of an EB-5 visa advisory firm saw "a sharp rise in inquiries since President Trump announced the gold card program."