Editor’s note: A previous version of this story, written with the help of generative AI, included incorrect characterizations of the EB-5 program which were not part of the original reporting by The Washington Times. The story has been updated in accordance with The Washington Times AI policy. Click here to read the original reporting.
When announcing the Gold Card program, President Trump said the new special visa would cost $5 million and bring wealthy and successful people to America. Here are some key points from the initiative:
What is the Gold Card initiative?
• Replaces the existing EB-5 investor visa program
• Costs $5 million per card
• Designed to attract wealthy people to America
• Provides a pathway to citizenship for investors and their immediate families
• Exempts foreign incomes from taxes
How does it compare to the current investor visa?
• Current EB-5 requires $1.05 million investment (or $800,000 in targeted areas)
• EB-5 requires creating at least 10 jobs
• Past fraud issues led to calls to shut down EB-5 program
• Congress previously raised EB-5 investment thresholds and imposed new restrictions
Is the cost of the Gold Card in line with other global investment programs?
• Singapore’s program requires over $7.7 million minimum investment
• Czech Republic requires $3.4 million
• New Zealand requires roughly $3 million
• Australia requires roughly $1 million
• Britain canceled its $2.6 million program in 2022 due to security and fraud concerns
What’s next?
• Supporters are working on legislation to make the program possible
• Elon Musk oversaw a quiet trial before leaving the Trump administration
• The program is positioned as a premium alternative in international investment migration
To read more: Trump sets top price for immigrant investors to buy the American Dream
Correction: A previous version of this story misstated key facts of the Gold Card initiative, including the price, which is $5 million.
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