Turkey
The EB market for Turkish investors is growing because of the ‘current’ status of EB-5 Visa for Turkey residents. They don’t have to deal with backlogs in the visa application process. After obtaining a permanent residence, Turkish investors and their spouses get the right to reside, work, and travel in the United States independently along with their minor or unmarried children. There are no restrictions for doing business or working in the U.S. as they become permanent residents.
Benefits of EB-5 Visa for Turkish Residents
The EB-5 Immigrant Visa is a great choice for Turkish investors because of the following benefits:
- Provide Turkish investors the ability to get lawful permanent residence in the United States or a green card for them and their families.
- Opportunity to freely work, reside, and travel anywhere in the U.S. without any restrictions.
- Children of Turkish investors have the opportunity to study in the best educational institutes in the world.
- Minor children of Turkish investors gain exposure to secular educational institutions in the United States and more scholarship and funding options. They can study as a day scholar without long separation from their family. Moreover, they become eligible to pay 150-300% less tuition fees than international students.
- In addition, children of Turkish investors can discover more employment opportunities without worrying about various problems like the expiry of visas, limitations on job mobility, work permits, processing delays, and sponsorship.
- The devolution of the Turkish Lira and reduction in the Turkey’s economy make Turkish investors invest in the US. EB-5 visa provides access to several possible investments and opportunities to expand their existing business outside of Turkey.
- Turkish investors also have visa-free travel privileges to enjoy greater foreign mobility, which is available just for US green cardholders.
EB-5 Visa Risks for Turkish Investors
While applying for an EB-5 visa, Turkey investors may have to deal with the following immigration, investment, and fraud risks mentioned below :
- Investment risk - Applying for an EB-5 visa for Turkey investors doesn’t guarantee a return on capital automatically. You will have to fulfil the criteria to enjoy the returns.
- Fraud risk – People or companies can claim to be immigration consultants or migration brokers. EB-5 investors should carefully do the due diligence and review and research their EB-5 projects to ensure their legitimacy and avoid any fraud charges against sources of funds or huge financial loss. We can help in the process.
- Immigration risk – Just like returns on capital, the U.S. green card can’t be obtained automatically after an EB-5 investment. Instead, Turkish investors have to meet all the requirements including the source of funds, income, and more to be granted permanent US residency. We will work with the best US immigration attorneys on these issues.
EB-5 Visa Requirements for Turkish Investors
To qualify for an EB-5 investment visa, Turkish investors need to fulfill the following requirements :
- Investment amount
- The “at risk” investment of at least 14,732,560 ($800,000) for a TEA or 19,336,485 ($1,050,000) for a non-TEA.
- Source of funds
- The EB-5 capital investment can be done in the form of wages or salaries, inheritance, gifts obtained from an individual, any business profits, or loans approved by a specific individual or a recognized financial institution.
- Job creation
- The investment by Turkish investors must create 10 or more full-time jobs for U.S. citizens.
EB-5 Visa Process for Turkey Investors
Let’s discover the steps involved in the EB-5 visa application process for Turkey investors below :
- Choosing a legal investment advisor and immigration lawyer. We can help with referrals.
- Finding an appropriate EB-5 project. We can help you analyze projects for safety of capital.
- Capital investment and Form I-526 filing to the USCIS.
- Applying within the US for status adjustment or registering permanent residence by filing the I-485 Form and applying from overseas by filing an online immigrant visa and application for Alien registration (DS 260 Form).
- Obtaining a conditional green card valid for 2 years.
- Removing conditions on permanent residency by submitting form I-829 to USCIS within 90 days.
- Obtaining legal permanent residence.
EB-5 Visa Costs for Turkish Citizens
An EB-5 visa application for Turkish investors consists of the following steps:
- 'At risk' investments as mentioned above.
- 67,677.70 or $3,675 of filing Form I-526.
- 20,993.90 or $1,140 for application to Adjust Status (Form I-485) or Register Permanent Residence.
- 69,058.88 or $3,750 for filing Form I-829.
EB-5 Visa Can Lead to a Green Card!
Obtaining an EB-5 Visa grants Turkey investors permanent residency or a green card in the U.S. We at EB-5 Investor Portal can assist you throughout the process in conjunction with our U.S. legal partners.
