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As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)
(www.independent.co.uk)
this post was submitted on 04 Apr 2025
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These are the same cards that used to require 1 million in cash and 4 million in small business investment with proven local employees right?
You're thinking the EB-5 visa program, I think. That was the fifth "employment based" visa.
You're sort of right, but your numbers are off. It's $1.8 million in cash, but the real kicker is that you need to sustain those 10+ permanent US employees through your investments. Been a popular program since 1990, about 12,000 folks use it a year lately. It's still a thing, you can apply for one today.
https://www.uscis.gov/working-in-the-united-states/permanent-workers/employment-based-immigration-fifth-preference-eb-5/about-the-eb-5-visa-classification
A much better deal than handing $5M to US Government. Just buy or start a restaurant, theoretically returning a fair ROI. But losing less than $5M should be easy.
Having watched kitchen nightmares, it's pretty easy to lose that kinda money on a restaurant too