The US government has the capacity to issue around 1.1 million permanent resident cards this fiscal year, divided among various categories. A new proposal, the 'gold card', aims to replace the EB-5 investor visa, allowing significant investments in the US for residency. While the EB-5 program has rigorous checks to prevent corruption, uncertainty looms over whether similar scrutiny will apply to the gold card. Proponents of the EB-5 program emphasize its role for ordinary immigrants, not just wealthy oligarchs.
There's a whole unit in USCIS filled with economists and national security experts who review EB-5 applications. During my time in the government, the paperwork was immense.
At the program's inception, experts ensured it wasnât a pathway for corrupt oligarchs; they mandated thorough assessments of investment origins for EB-5 applications.
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