Scott Bettridge was quoted in a South Florida Sun Sentinel article discussing President Donald Trump’s newly announced 'Trump Gold Card' visa program and its potential impact on the longstanding EB-5 investor residency program. The gold card provides residency to foreign nationals who pay $1 million to the U.S. Treasury, which aligns with EB-5 investment thresholds but does not return the money to investors. Additionally, a $5 million platinum card would offer exemptions from U.S. taxes on global income for those who stay in the country for at least 270 days.
The gold card is expected to increase interest in the EB-5 program, which requires foreign nationals to invest in U.S. projects that create at least ten full-time jobs and returns capital after project completion. Scott noted that despite recent changes, “Legal immigration is still working. Things are just being looked at a little deeper... and individuals like to be here.” He added, “We're not at the panic button time yet” regarding EB-5’s 2027 expiration, indicating that investors still have time to participate. EB-5 has funded major South Florida projects, including luxury condos and Brightline rail, and Miami remains a key hub for foreign investment under both the gold card and EB-5 programs.
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