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In this episode of Big Law Redefined Podcast’s Immigration Insights series, Greenberg Traurig attorneys Kate Kalmykov and Jennifer Hermansky examine President Trump’s recent announcement…
United States
Immigration
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In this episode of Big Law Redefined Podcast’s Immigration
Insights series, Greenberg Traurig attorneys Kate Kalmykov and
Jennifer Hermansky examine President Trump’s recent
announcement about introducing a Trump Gold Card, a new $5 million
investment-based green card, and its implications for the existing
EB-5 Visa Program in the United States.
Kate and Jen provide insights into the announcement’s
intention to potentially replace or run the Gold Card program
concurrently with EB-5. They highlight the intricacies and
requirements of the EB-5 program.
While discussing the legislative process required to repeal or
modify the EB-5 program, both attorneys note that changes to
immigration law can occur through Congressional action which may
occur in conjunction with recommendations from the Executive
branch. They also touch upon challenges such as expanding immigrant
visa quotas and the possible reallocation of diversity visa
numbers. The discussion also focuses on what the announcement means
for current and pending EB-5 based green card holders and
applicants.
The episode further explores international golden visa programs
and how other countries structure investment immigration
initiatives.
Tune in to learn more and continue to listen to future episodes
as our Immigration & Compliance Practice team keeps
stakeholders informed as developments unfold.
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