Gold Rush Or Bust: Will The Proposed Gold Card Replace EB-5?

According to a recent announcement, President Trump plans to create a Gold Card visa. This new visa would provide a pathway to U.S. residency and citizenship through the investment of $5 million. While additional details are still forthcoming, the administration has indicated that the Gold Card would provide an expedited immigration pathway, and share similarities with the longstanding EB-5 immigrant investor visa. Notably, Trump indicated that revenue from this program could be used to help reduce the national debt, distinguishing it from the job-creation focus of EB-5.

The administration's current plan is to have the Gold Card visa replace the EB-5 immigrant investor visa, which has been the only investment-based green card option for decades. The EB-5 program requires an investment of $800,000 or $1,050,000 in a U.S. business, the creation of 10 jobs for U.S. workers, and local economic growth. The process involves proving a lawful source of investment funds and