Golden Card Proposal

Former U.S. President Donald Trump’s proposed $5 million “Golden Card” visa, intended to replace the EB-5 program, has sparked skepticism. Experts argue its high cost—five times EB-5’s $1.8 million minimum—misjudges billionaire spending habits, as the ultra-wealthy rarely allocate over 10% of liquid assets to such investments. Since the announcement, EB-5 inquiries surged 168% in early 2025, with 80% of applicants rushing to secure its lower-cost option. Tax drawbacks, including global income taxation for U.S. green card holders, further diminish the Golden Card’s appeal. Market responses highlight the EB-5’s superior balance of affordability and perceived value compared to its pricier, exclusionary alternative.