MAIN REASONS FOR EMIGRATING FROM
TURKEY
When speaking to Turkish investors, the top reasons for
emigrating from Turkey are the uncertain political climate,
education quality, and the devaluation of the Turkish Lira
and the inevitable slowdown in the Turkish economy. The
Turkish have always been a big fan of the British and American
education systems, and education has also been a big source
for EB-5 investors investing to bring their children into the U.S.’
secondary education system. Although Turkey has many good
universities, many Turks who speak German have immigrated to
"There are no currency
restrictions and EB-5
investors can transfer
unlimited sums of
dollars out of Turkey"
Germany and other Western European countries for education.
Other Turkish investors that have chosen EB-5 have mentioned
the political climate, the large number of Syrian migration to
Turkey, and other geopolitical issues that have concerned them
enough to want to leave Turkey.
The EB-5 business in Turkey might become stronger given that
Turkey is not facing retrogression currently and that sources
of funds are easy to transfer from the country. Even though
it will probably never become as large of an EB-5 market as
India, Vietnam or China, it might always be a steady market
for not just EB-5 applicants, but other investment immigration
programs as well.
Abteen Vaziri is a managing director
at Brevet Capital, where he co-manages
Brevet Real Assets Group, a real estate
portfolio with roughly $280 million in
assets under management. Vaziri is active
in mezzanine lending, new market tax
credits, bridging and investing in historical
tax credits, opportunity zones, and helping
state and municipal governments finance
the infrastructure initiative. Vaziri earned
a bachelor’s in computer science from
the University of Texas at Dallas, an MBA in finance from Southern
Methodist University and a Juris Doctor from Fordham University
with a concentration in business and financial law.
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Rakesh Patel - Managing Partner
972.650.6848 PatelLegal.com