India, June 12 -- US President Donald Trump on Thursday launched a waitlist website for a new visa programme that offers permanent residency to foreigners willing to invest $5 million in the United States. A government-backed website, trumpcard.gov, has gone live where interested applicants can sign up.

"FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING!" Trump posted on his social media platform, Truth Social. "Thousands have been calling and asking how they can sign up to ride a beautiful road in gaining access to the Greatest Country and Market anywhere in the World."

Referring to it as the Trump Card, the US President in February described it as "somewhat like a green card, but at a higher level of sophistication."

The newly roll...