Overview
- A government website went live taking applications that require a $15,000 DHS processing fee followed by a $1 million contribution, with successful applicants receiving EB-1 or EB-2 permanent resident status.
- A corporate tier costs $2 million per sponsored employee, with program materials outlining a 1% annual maintenance fee and a 5% transfer fee when reassigning a card after citizenship.
- A $5 million Platinum Card is advertised on a waitlist basis, promising up to 270 days in the U.S. without U.S. tax on non‑U.S. income, with no launch date specified.
- Officials say proceeds will be deposited with the U.S. Treasury, projecting significant revenue while describing processing timelines in weeks following vetting and interviews.
- Experts question the administration’s authority to overhaul or replace the EB‑5 program without Congress, noting the removal of job‑creation requirements and the absence of stated caps as criticism mounts online.