President Donald Trump on Friday announced the “Trump Gold Card,” which will allow individuals and corporations to receive rapid residency in the U.S., is now available for purchase with a starting price of $1 million.

The card features a portrait of the president, the Statue of Liberty and the American flag underneath a gold background, with “Trump Gold Card” stamped on the left side.

“For far too long, we have had millions of Illegal Aliens pouring into our Country, and our Immigration System was broken,” Trump wrote in a Truth Social post. “It is beyond time that the American People, and American Taxpayers, are benefitting from our LEGAL Immigration System.”

The website notes that the Trump Gold Card status acts as a visa, and may be revoked due to national security and other risks.

The administration also plans to roll out the Trump Platinum Card, which will allow individual applicants to reside in the country for up to 270 days per year, without being subject to tax on non-U.S. income. It will take the place of travel visas.

While the platinum card has not yet been released, the website notes applicants should join the waitlist immediately, as they will be processed on a first-come-first-serve basis.