Trump Gold-Card Visa Called Addition, Not Alternative, to EB-5

President Donald Trump’s proposal for a new “Gold Card” for wealthy immigrants was initially offered as a replacement for an established investor visa program backed by lawmakers from both parties.

The next day, he and Commerce Secretary Howard Lutnick signaled that their $5 million visa buy-in would accompany an overhaul to the existing EB-5 investor visa programs.

Members of the investor visa industry taken by surprise by the Gold Card announcement say both options can operate in parallel.

“There is precedent for that,” said Rohit Kapuria, a partner at Saul Ewing LLP and vice chair of the firm’s global immigration ...