Is the GOLD CARD or PLATINUM CARD going to replace the EB-5 program?

On September 19^th President Trump signed an executive order establishing the Gold Card (EO 14351)—a new visa program allowing foreign nationals who make a $1 million nonrefundable gift to the U.S. Department of Commerce—or $2 million if made by a corporation or other entity on their behalf—to qualify for expedited immigrant visa processing.

These gifts are treated as evidence of “exceptional business ability” or “national benefit” when applying under employment-based immigrant visa categories, such as EB-1 or EB-2 (including national interest waivers). Federal agencies have 90 days to implement the program, including setting up application procedures, fees, and adjustment-of-status mechanisms.

Looking ahead, the Trump administration is reportedly considering the rollout of a “Platinum Card” program. This initiative would allow individuals to contribute $5 million in exchange for the ability to live in the United States for up to 270 days per year, without being taxed on their foreign income. However, no official details have been released at this time.

Is the Gold Card Set to Replace the EB-5 Immigrant Investor Program?

The big question many are asking is whether the Gold Card will ultimately replace the EB-5 Immigrant Investor Program.

According to the latest announcement, the EB-5 Immigrant Investor Program will continue operating separately from the Gold Card.

However, it is still unclear whether the new Gold Card program will replace employment-based green card categories, specifically the EB-1A for individuals with extraordinary ability and the EB-2 National Interest Waiver.

The confusion stems from the fact that the executive order states the Gold Card will be implemented under these categories, leaving uncertainty about whether it will supplement or replace these existing green card pathways.

When will the Gold Card program be effective?

The order gives the government 90 days to lay out implementation plans (application process, when gifts may start being submitted, fees, etc.) which falls on December 18, 2025.

Trump’s Changing Approach

The Gold Card program represents a significant shift in U.S. immigration policy—from a traditional focus on job creation, as seen in programs like EB-5, to a more wealth-based model.

Rather than requiring applicants to actively create American jobs or operate a business, the Gold Card appears to prioritize individuals with substantial personal wealth or global status, allowing them to qualify through financial contributions.

Given the uncertainty surrounding the future of the EB-1 and EB-2 programs, eligible individuals should consider filing their applications as soon as possible. Reach out to us today to explore a tailored strategy for your success.

For more information about this executive order, please click here.

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