Nuri Katz of Apex Capital Partners says Trump's admin did not do its homework on reshaping investor visas. He added that the  $1M "gold card" visa plan raises little revenue, cuts out job creation, and makes the U.S. less competitive globally.

Washington

Apex Capital has criticized recent adjustments to the US investor visa program, stating that the government has not adequately researched the implications of its policy changes. Initially, the program offered significant tax abatements for high-value investors, but these benefits have since been removed, and the minimum investment threshold has been reduced.

The firm also noted that the US program is less accessible and more expensive compared to similar 'citizenship by investment' schemes in the Caribbean and Europe. While other countries offer more direct paths to citizenship at lower costs, the US requires a longer residency period and higher financial commitments, making it less attractive to potential investors.

WH didn't do homework on investor visas: Apex Capital

Well, the original $5 million offer was interesting because they were giving some tax abatements. They were going to allow people to come here. So for example, the president was asked, would he allow Russian oligarchs to come here? And he said yes. And so they're saying the Russian oligarch would be able to come here and continue to have his business in Russia and he wouldn't have to pay taxes in the U.S. on his earnings. And as we know, all Americans have to pay taxes on their worldwide income. So they were giving this really interesting tax abatement in exchange for the high price. Now they've taken it away. And with the million dollars, there is no tax abatement. And so they keep fiddling with the program, as you mentioned. They're not doing their homework. They're not doing their homework. The H-1B visa was something that students who graduated from U.S. universities and were looking for jobs in the U.S. relied on here. How many of them can go towards, look at this gold visa program and say, like, this is a transition. These are students who don't have money. The whole reason for doing. Their parents do, maybe. But in general, they aren't people who have that kind of money. In this industry of investor migration, generally people won't spend more than 5% of their net worth on immigrating. And so with the $5 million proposition, you were talking about people with $100 million net worth. Now, with the students, there aren't that many who can flip into the million dollar program. Now, the Trump administration may say, well, we're not doing anything that's out of the ordinary to immigrate to another country. The guardrails are just as high. How does the U.S. compare with other countries? So in the Caribbean, for example, where they have citizenship by investment programs in St. Kitts and Nevis and Antigua and Barbuda, the cost starts at about $250,000. But that's a pathway straight away to citizenship. Here, you have to come and live here and spend time here. And it takes, it's about a 10-year process until you get citizenship. In other, in Europe, in Portugal, there's a program, same kind of residence by investment program. It's 500,000 euros. Greece, it's 250,000 euros. Italy, which has become popular specifically with Americans moving out of America, it's also 250,000 euros. So America is really high up.

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New York

Middle East Conflict

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Washington County

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Paris

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Global Tariffs

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Istanbul

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Copenhagen

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Quantico

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Madrid

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Centralia

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Beijing

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Manhattan

Ukraine Invasion

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Dallas

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Los Angeles

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West Palm Beach

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Breakdown