Skip to Main content

5.45°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Ads

Feb 26, 2025 7:12 PM - Connect Newsroom

Trump Announces Introduction of Gold Card Visa, Replacing EB-5 Visa

Share On

trump-announces-introduction-of-gold-card-visa-replacing-eb-5-visa

Under the new system, obtaining US citizenship will cost five times more than before. Wealthy foreigners will be able to acquire the Gold Card Visa for $5 million.(Photo: The Canadian Press)

US President Donald Trump has announced the launch of the Gold Card Visa, which will replace the 35-year-old EB-5 visa program. Under the new system, obtaining US citizenship will cost five times more than before. Wealthy foreigners will be able to acquire the Gold Card Visa for $5 million.

Trump stated that the US will offer Gold Cards to affluent foreigners, granting them the right to live and work in the US, with a pathway to citizenship in exchange for a $5 million fee. Under the previous EB-5 visa, applicants had to invest at least $1 million in a business that created a minimum of 10 jobs in the US and wait five to seven years for citizenship.

With the new Gold Card Visa, the job creation requirement has been eliminated, and applicants will be able to obtain citizenship more quickly. Trump confirmed that the Gold Card Visa will be available in about two weeks.

Latest news

fire-at-residential-building-in-downtown-vancouver-displaces-dozens

CanadaMar 12, 2025

Fire at residential building in downtown Vancouver displaces dozens

A fire at a high-rise building in downtown Vancouver has displaced 42 residents. Vancouver Fire and Rescue Services says crews were called to the building on Nelson Street on Tuesday and arrived to find flames coming from the building's seventh storey, extending into the eighth floor. It says firefighters fought the blaze with a ladder truck from the outside, while crews entered the building to temper the flames on the inside. The department says several people with mobility restrictions were found still inside and firefighters were able to help them to a safe area before gathering remaining p

pakistani-security-forces-battle-to-free-about-300-hostages-aboard-a-hijacked-train

WorldMar 12, 2025

Pakistani security forces battle to free about 300 hostages aboard a hijacked train

Pakistani security forces exchanged gunfire on Wednesday with hundreds of separatist militants as they sought to free about 300 hostages aboard a train in the country’s rugged southwest, officials said. Security forces were being cautious as officials said the hostages were surrounded by militants wearing vests loaded with explosives. At least 27 militants have been killed and security forces rescued more than 150 of the 450 people who were on the train when it was hijacked on Tuesday as it entered a tunnel in Bolan, a district in restive Balochistan province. The Baloch Liberation Army grou

ottawa-alberta-reach-joint-70-million-deal-for-homelessness-response

CanadaMar 12, 2025

Ottawa, Alberta reach joint $70-million deal for homelessness response

Ottawa and Alberta have reached a new joint $70-million funding agreement to aid the province's response to homelessness. Social Services Minister Jason Nixon says the funding is expected to boost shelter capacity, build transitional housing, and support the government's navigation centres in Edmonton and Calgary. Those navigation centres serve as a hub where those experiencing homelessness can go to be referred to available supports and services. Nixon says the funding will be split between Alberta's two major cities as well as Red Deer and Lethbridge. The deal will see Ottawa provide

calgary-massage-therapist-charged-with-sexual-assault-of-client

CanadaMar 12, 2025

Calgary massage therapist charged with sexual assault of client

Calgary police say a massage therapist has been charged with sexual assault of a client. Police say the client went in January to Parkview Massage and Wellness in south Calgary. It's alleged the client was touched sexually without consent during an appointment. Police say the client reported what happened the following month. A 46-year-old man is now charged with one count of sexual assault. He is slated to appear in court in May.

rouse-avenue-court-orders-fir-against-kejriwal-over-misuse-of-government-funds

IndiaMar 11, 2025

Rouse Avenue Court Orders FIR Against Kejriwal Over Misuse of Government Funds

Delhi's Rouse Avenue Court has directed the registration of an FIR against former Chief Minister Arvind Kejriwal in a case involving the misuse of government funds. Kejriwal is accused of misappropriating public money by putting up large hoardings for campaigning. The court has also instructed the police to submit a status report by March 18. This latest case arises while Kejriwal is out on bail in the liquor scam case. He was released from jail on July 13, 2024, after being arrested by the Enforcement Directorate (ED) on March 21, 2024, and taken into custody by the Central Bureau of Investi

Ads

Related News

post card alt

Pakistani security forces battle to free about 300 hostages aboard a hijacked train

Pakistani security forces exchanged gunfire on Wednesday with hundreds of separatist militants as they sought to free about 300 hostages aboard a train in the country’s rugged southwest, officials said. Security forces were being cautious as officials said the hostages were surrounded by militants wearing vests loaded with explosives. At least 27 militants have been killed and security forces rescued more than 150 of the 450 people who were on the train when it was hijacked on Tuesday as it entered a tunnel in Bolan, a district in restive Balochistan province. The Baloch Liberation Army grou

post card alt

Zelensky Agrees to Ceasefire Deal Amid Resumed US Support

Ukrainian President Volodymyr Zelensky has agreed to accept a ceasefire deal, as the United States announces the immediate resumption of intelligence sharing and military assistance to Ukraine. In a post on Telegram following a meeting between US and Ukrainian officials in Saudi Arabia, Zelensky stated that the US understands Ukraine's reasoning and accepts its proposals. As a result, Ukraine is prepared to accept the US proposal for a full 30-day ceasefire with Russia. Zelensky also expressed gratitude to President Trump for the constructive dialogue between their teams.

post card alt

Canada's Steel Industry Faces Major Setback

Canada's steel industry has suffered a significant blow as US President Donald Trump has announced a doubling of tariffs on Canadian steel and aluminum in response to Ontario's imposition of a surcharge on electricity supplied to U.S. states. Trump stated that a 50 percent tariff would be imposed on these goods starting Wednesday. In addition to this, Trump used social media to demand that Canada immediately remove tariffs on U.S. dairy products. He also threatened to permanently close Canada's automobile manufacturing industry with tariffs in April. Trump has once again repeated his threat o

Ads

Legals

Journalism code of ethics

© 2024 AKASH BROADCASTING INC.

MANAGED BY STRATWIT

useful links

BC Children's Hospital