Former President Donald Trump has introduced a new plan to replace the EB-5 visa program with a $5 million “Gold Card” for foreign investors seeking U.S. citizenship. Announced on February 26, 2025, this proposal aims to offer green card benefits and a direct path to citizenship for individuals willing to make significant financial investments. Further details are expected to be released in the coming weeks.
A Shift from the EB-5 Visa Program
The EB-5 visa program, which has long allowed foreign investors to obtain green cards by investing in job-creating businesses, may soon be replaced by the Gold Card initiative. Trump’s proposal simplifies the process, requiring a single $5 million investment rather than the current job creation requirements. Supporters argue this move could attract high-net-worth individuals and boost the U.S. economy.
Potential Economic Impact
By offering a fast-track citizenship option, the plan aims to increase foreign direct investment in the U.S. economy. Analysts believe that wealthy investors could inject capital into real estate, technology, and infrastructure projects, leading to economic growth. However, critics worry it could favor the ultra-rich while bypassing traditional immigration pathways.
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Controversy and Political Reactions
The Gold Card proposal has sparked debate. Supporters see it as a bold economic strategy, while opponents argue it undermines merit-based immigration. Some lawmakers have raised concerns over national security risks and the possibility of exploiting the system. The final version of the plan will likely face intense scrutiny before any legislative action.
What Comes Next?
The full details of Trump’s Gold Card initiative will be revealed in two weeks. If implemented, it could reshape U.S. immigration policy, attracting elite investors while altering the path to citizenship. The coming weeks will determine whether this plan gains political momentum or faces resistance from lawmakers and immigration advocates.
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