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Jul 14th, 2023

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Will more Turks leave their unstable homeland for the U.S.?

Recep Tayyip Erdogan's recent victory in the Turkish elections may cause more wealthy nationals to consider a move. Turkey's economy faces significant challenges, including an inability to pay back foreign currency debt, rising inflation, and unaffordable housing. Earthquakes have also shaken the economy. American residency could be attractive to Turkish residents seeking political and financial stability. In FY 2022, 49 EB-5 visas went to Turkish petitioners; time will tell if that number grows.

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