The End of EB-5 Financing?
March 2025 | Category: News
By Jennifer Jette On February 25, President Donald Trump unveiled his new “Gold Card” visa program. The proposal, which offers wealthy foreigners the ability to buy permanent residency privileges and a pathway to U.S. citizenship for a $5 million fee, could have sweeping implications. The new initiative aims to replace or alter the existing EB-5 Visa program, which has historically allowed investors to obtain green cards by contributing to the United States’ economic development. What Is the EB-5 Visa? The United States EB-5 Visa program was created in 1990 with the enactment of the Immigration Act of 1990. The program enables eligible foreign investors to obtain lawful permanent residency in the United States (i.e., become a “green card” holder) by investing in U.S. businesses so long as such investment creates at least 10 new, full-time jobs for Americans and/or work-authorized residents. With the passage of the EB-5 Reform and Integrity […]