At Beyond Global Partners, we provide comprehensive consultancy services for high-net-worth individuals from Turkey looking to migrate to the USA through the EB-5 Visa program. Below is an overview of the process, requirements, and benefits of the EB-5 Visa for Turkish investors.

Processing Time for EB-5 Visa

The journey begins with filing the Immigrant Petition by Standalone Investor (Form I-526). The processing time for this petition is between 30 to 60 months. Upon approval, Turkish investors can apply for the EB-5 Visa.

Duration of EB-5 Visa

The EB-5 Visa grants conditional permanent residence for 2 years. After this period, investors can file the Petition by Investor to Remove Conditions on Permanent Resident Status (Form I-829), which, if approved, grants unconditional permanent residence for 10 years.

Requirements for EB-5 Visa

1. Investment Amount:

  • $800,000 in a Targeted Employment Area (TEA).
  • $1,050,000 in a non-TEA.

2. Source of Funds:

  • Salaries/wages
  • Inheritance
  • Loans
  • Business profits
  • Gifts

3. Job Creation:

  • Creation of 10 full-time jobs for U.S. citizens.

4. Financial Criteria:

  • Net worth of $1,050,000 or
  • Individual income of $200,000 in each of the past 2 years or
  • Joint income of $300,000 in each of the past 2 years.

Age Requirement

There is no age limit for EB-5 investors. However, minors typically need a guardian to show the necessary documentation proving the source of funds.

Costs of EB-5 Visa

  • Investment:
    • $800,000 in a TEA
    • $1,050,000 in a non-TEA
  • Form I-526: $3,675
  • Form I-485: $1,140
  • Form I-829: $3,750

Transferring EB-5 Funds from Turkey

Turkey has no currency restrictions, allowing investors to transfer unlimited funds out of the country. Most investors prefer direct wire transfers to escrow accounts in the U.S. Discreet options include using cryptocurrencies or fund transfer agents.

Priority Date and Retrogression

According to the U.S. Department of State’s October 2022 visa bulletin, the EB-5 Visa for Turkey investors remains on “current” status, meaning no backlog exists.

Process Overview

1. File Form I-526.

2. Approval of I-526 by USCIS.

3Apply for EB-5 Visa:

  • Overseas: File Form DS-260.
  • Within the U.S.: File Form I-485.

4. Granting of EB-5 Visa.

5. Conditional Permanent Residence: Valid for 2 years.

6. File Form I-829 to remove conditions: Within the 90-day period before the second anniversary.

7. Unconditional Permanent Residence: Valid for 10 years.

Challenges and Solutions

1. Meeting Minimum Investment:

  • Ensure to provide legal source of funds documentation.

2. Investment Risk:

  • Engage with reputable EB-5 projects and partners.

3. Fraud Schemes:

  • Consult with EB-5 attorneys and experts to avoid fraud.

Popular EB-5 Projects

Top projects for Turkish investors that Beyond Global Partners recommends both providing clear exit strategies and significant cash flow.

Future Prospects

The EB-5 market for Turkish investors shows potential for growth. Without application backlogs and easier fund transfers compared to other countries, Turkey investors are well-positioned for the EB-5 program.

Contact Beyond Global Partners

Beyond Global Partners is dedicated to guiding you through every step of the EB-5 Visa process, ensuring a seamless transition to the United States. Contact us today to start your journey.