Skip to Main content

6.61°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

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

canada-post-and-postal-workers-union-reach-tentative-labour-agreements

CanadaDec 22, 2025

Canada Post and postal workers’ union reach tentative labour agreements

Canada Post and the Canadian Union of Postal Workers say they have reached tentative collective agreements that could bring an end to more than two years of labour tensions at the Crown corporation. The agreements cover both the Urban Postal Operations unit and the Rural and Suburban Mail Carriers unit, representing roughly 55,000 workers nationwide. The union’s national board has recommended members approve the deals, with ratification votes expected in early 2026. During the ratification process, both sides have agreed there will be no strike or lockout action, providing short-term labour

police-stop-406-000-fraud-targeting-northern-vancouver-island-first-nation

Police stop $406,000 fraud targeting northern Vancouver Island First Nation

Alert Bay RCMP say they have prevented a fraud scheme that targeted the Namgis First Nation, protecting more than $400,000 intended for a new wellness and treatment centre on northern Vancouver Island. The case came to light on May 13, when the First Nation reported that $406,000 earmarked for contractors had been redirected to a fraudulent bank account via a scam email. Authorities say early intervention was key in limiting the financial loss. Collaboration with law enforcement in Eastern Canada led to a freeze on the bank account, which police allege was operated by an organized crime group.

surrey-police-seek-witnesses-after-theft-reported-at-retirement-residence

CanadaDec 22, 2025

Surrey police seek witnesses after theft reported at retirement residence

Surrey Police Service is asking the public for help as officers investigate a theft at a retirement residence in the city’s South Surrey area. Police say the incident happened on December 15 around 2:10 pm at a residence in the 15500 block of 16 Avenue. Investigators allege a man entered the building and gained access to an apartment by claiming he was a maintenance worker inspecting the sprinkler system. Once inside, the suspect is accused of taking the resident’s purse before leaving the building. The suspect is described as a white man, about 5 feet 8 inches tall. At the time, he was we

fatal-head-on-crash-closes-highway-1-in-surrey-as-police-seek-witnesses

Fatal head-on crash closes Highway 1 in Surrey as police seek witnesses

One person has died following a serious multi-vehicle collision on Highway 1 in Surrey that forced a full closure of the westbound lanes during the Monday morning commute. BC Highway Patrol says the investigation is ongoing and officers are asking the public for additional witnesses and dash camera footage. Police say the first 911 call came shortly after 7:15 a.m. after three vehicles collided on westbound Highway 1 near the 176th Street exit. Investigators believe one vehicle crossed over from the eastbound lanes, resulting in a head-on crash. Corporal Michael McLaughlin with BC Highway Patr

carney-appoints-mark-wiseman-as-canadas-next-ambassador-to-the-united-states

CanadaDec 22, 2025

Carney appoints Mark Wiseman as Canada’s next ambassador to the United States

Prime Minister Mark Carney has named investment banker and pension fund executive Mark Wiseman as Canada’s next ambassador to the United States, placing him at the centre of upcoming negotiations with Washington on continental trade. Wiseman is set to begin the role on Feb. 15, according to the Prime Minister’s Office. Wiseman will lead Canada’s engagement with the U.S. as the countries prepare for a scheduled review of the Canada-United States-Mexico Agreement, a process expected to dominate the bilateral agenda next year. The trade review is widely seen as critical for Canadian exporte

Related News

Passenger bus crash on Java toll road kills at least 15 in Indonesia

Passenger bus crash on Java toll road kills at least 15 in Indonesia

At least 15 people were killed after a passenger bus overturned on a toll road on Indonesia’s main island of Java early Monday, according to emergency officials. The inter-province bus was carrying 34 passengers when it lost control shortly after midnight while travelling from the capital, Jakarta, to the historic city of Yogyakarta. The vehicle struck a concrete barrier and rolled onto its side, said Budiono, a regional search and rescue agency chief who uses a single name. Rescue teams were dispatched to the scene and worked through the night to evacuate victims and provide medical assista

Senior Russian general killed in car bomb attack in Moscow

Senior Russian general killed in car bomb attack in Moscow

A senior Russian military officer has died after a car bomb explosion in the Russian capital, raising new security concerns amid the ongoing conflict between Russia and Ukraine. Russian authorities say the blast took place Monday in Moscow and is being treated as a targeted attack. Russia’s Investigative Committee said Lieutenant General Fanil Sarvarov was critically injured when an explosive device planted beneath his vehicle detonated. He was rushed to hospital but later died from his injuries, according to investigators. Officials have suggested the explosion may be linked to Ukrainian in

Putin opens annual news conference amid renewed international focus on Ukraine war

Putin opens annual news conference amid renewed international focus on Ukraine war

Russian President Vladimir Putin has begun his annual year-end news conference, a closely followed event where he traditionally addresses domestic concerns and outlines Moscow’s position on major global issues, including the ongoing war in Ukraine. The televised session is once again combined with a nationwide call-in program, allowing citizens from across Russia to submit questions directly to the president. The format has been a fixture of Putin’s leadership and is often used to reinforce his authority while presenting the Kremlin’s narrative on economic conditions, governance, and for

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital