Immigration Lawyer Blog
On September 19th 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.