In a recent announcement, U.S. President Donald Trump introduced the "Gold Card," a new program set to replace the EB-5 Investor Visa. This initiative grants foreign investors the right to live and work in the U.S. with a required investment of $5 million.
Trump emphasized that the Gold Card program is designed to attract wealthy individuals, marking a shift from the traditional "American Dream" that has long defined the nation's appeal to immigrants.
The program is expected to launch soon, despite criticism from lawmakers in Congress who argue that it undermines the original goals of the EB-5 visa.
The EB-5 visa program currently grants residency rights with a minimum investment of $1,050,000, or a reduced amount of $800,000 for investments in Targeted Employment Areas.
