Will the Proposed “Gold Card” Transform EB-5 Immigration?

New "Gold Card" Visa Proposal Emerges

A new "Gold Card" visa proposal is making waves in U.S. immigration policy circles. If enacted, it could reshape investor-based immigration by creating a streamlined path to permanent residency for ultra-high-net-worth individuals investing in the U.S. economy.

Key Features and Investment Requirements

The proposal—still in draft form—sets the minimum investment at $5 million, significantly higher than the EB-5 program's current levels. It aims to attract top-tier investors while potentially offering broader qualifying activities (like real estate and business creation) and faster processing.

Relationship to Existing EB-5 Program

While this could appeal to a very select group, it is unlikely to replace EB-5, which remains the most accessible investor-based green card route for the majority of applicants. The Gold Card would instead complement EB-5 by offering an additional option for those with the means to invest at the higher level.

The Gold Card may compete with or complement EB-5 in the future. Until it becomes law, EB-5 remains the established and more widely accessible investor-based green card option.

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July 2025 Visa Bulletin: EB-5 Backlogs Highlight Need for Action