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USA PROPOSES NEW GOLD CARD IMMIGRATION PROGRAM
The President of United States Mr. Donald John Trump, on 25th February 2025 announced that he will seek to end the U.S. EB-5 Immigrant Investor Program, which provides overseas investors with permanent residency in the United States.
The EB-5 program requires an overseas investor to invest in U.S. businesses that create 10 or more jobs per investor. The program has an investment amount of $1,050,000 that can be reduced to $800,000 if the investment is made in a high unemployment area, rural area, or through a government infrastructure project. The applicant who invests along with their dependents are able to attain U.S. citizenship after five years of permanent residency.
The President’s announcement aims to replace the EB-5 visa with a “Gold Card” program, which the president stated would require an investment of $5 million and that would grant “green card plus benefits,” with a path to citizenship, which the EB-5 program already provides.
No further facts were given, although in his statement he noted that a detailed plan would be published in the next two weeks. According to the president, the goal is to attract wealthy investors to the United States that would create businesses and assist reduce the country’s deficit.
In such case, prospective investors who wish to obtain US Green card can apply now before any immigration laws are issued towards change of the EB5 program.
Bilimoria & Associate liaisons with the Member of Oregon State Bar Association and Attorney in good standing, USA (OSB) and also liaisons with member of the American Immigration Lawyers Association (AILA) towards preparation of a successful application for EB-5 visa.
You can write to us to assess your eligibility at: neville@bilimoriaassociate.com (or) contact us +91 44 2822 7222 / 2823 9229 / 4350 8191 between Monday – Saturday, 10.30 am to 5.30 pm. You can also fix an appointment with our office to meet us in person to discuss your eligibility.