It’s been almost a month since the Trump Administration announced their proposed “Gold Card” visa. They’ve released very little concrete information on it since. Commerce Secretary Howard Lutnik implied it would replace the EB-5 program, however, plenty of what he had to say about the program was inaccurate. If actually implemented, what could this Gold Card really mean for the EB-5 program? Is it possible for the two to coexist? Mona and Rebecca discuss the possibilities with returning guest Jill Jones.
“Initially there was a lot of hysteria in the EB-5 community about it’s going to end. We better hurry up and get all of our petitions in so that we get them processed. But when people slow down to think about what this Gold Card Visa really means… It really is something that can live and should live alongside of EB5. We see that there’s a very different motivation, a different demographic that would be attracted to it. And it makes sense to live with both of them hand in hand.” – Jill Jones
“What really strikes me about the whole idea of the Gold Card Visa, especially here in the United States. One of the negative comments people have had for years about EB-5 is that people are buying green cards. It left a very bad taste in the mouths of the American public. So, we fought very hard to get people to understand that it’s not just paying for a visa. You’re creating jobs, you’re promoting the economy.” – Jill Jones
Jill Jones
Jill joined JTC in 2020 following the acquisition of NES Financial and is the General Counsel of Institutional Client Services USA.
She is General Counsel of Institutional Client Services USA for JTC Group. Responsible for legal, governance, risk and compliance activities in the US, and Jill oversees the Specialty Financial Administration wing, which includes EB-5 Administration, 1031 Exchange, and Delaware Statutory Trust services.
With over 20 years of corporate and compliance experience and having been directly involved in over 600 EB-5 development projects, Jill is uniquely skilled at efficiently structuring subscription escrows and is highly regarded as a thought leader throughout the EB-5 market sector. Jill and her team are integral in negotiating contracts with new customers and designing, developing, and going to market with new product solutions.
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You can also read recent blog post on the proposed Gold Card here.
Furthermore, take a look at our previous work with Jill Jones.