in many parts of Europe, grew to one
of the largest empires in the world
between the years of 1300 to 1900. The
Ottoman Empire at its height included
most of the Balkans and the Eastern
European countries and to the East
most of the Middle Eastern countries
and its borders ended at modern day
Iran.
MIGRATION FROM
TURKEY
geopolitical issues and the devaluation
of the Turkish Lira have both been
catalys ts at inc reasing Tur k ish
immigration to the U.S. and more
specifically using EB-5. Turkey has
been a steady E-2 market and many
EB-5 investors from India, Vietnam and
China have used the Turkish E-2 as a
gateway into the U.S. EB-5 market while
they are awaiting their EB-5 petitions.
Historically, Turkish investors looking
at investment immigration programs
have lo o ke d a t ma ny Eu ro p ea n
programs, including the U.K., although geopolitical reasons
have kept them mostly out of the Greek and Cyprus investment
immigration programs.
"In the U.S., the top
destination for Turkish
immigration have
always been New York
and Southern Florida."
In the aftermath of World War II, many Turks immigrated to
Germany and helped rebuild Germany’s infrastructure, roads,
and businesses, given that many German males were killed
during World War II. Turks have also historically immigrated
to other European countries, mainly the United Kingdom
and the United States in the last 40 years. In the U.S., the top
destination for Turkish immigration have always been New
York and Southern Florida. Many wealthy Turks have invested
in real estate in Miami and New York and those two markets
have always been the top choices as well as the top vacation
destination for Turkish citizens.
TURKISH IMMIGRATION REASONS AND
THE EB-5 MARKET IN TURKEY
Although the total number of Turkish EB-5 investors over the
last few years has been around 50 investors annually, recent
CURRENCY RESTRICTIONS IN TURKEY
Although there are no currency restrictions and EB-5 investors
can transfer unlimited sums of dollars out of Turkey, some
Turkish investors choose not to send a wire transfer from their
banks as they many not want the Turkish government to know
they are leaving Turkey, especially if they are looking to leave
Turkey due to political issues. Many Turkish investors wire
funds to U.S. escrow banks as direct wire transfers. Others
choose to use crypto currencies or funds transfer agents if they
wish to apply for the EB-5 program discretely and anonymous
to their home country.
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