Breaking Records: Turkey’s Citizenship by Investment Raised $15B

Turkey's Citizenship by Investment (CIP) program has shattered records, drawing over 40,000 applications and generating $15 billion in investments, according to former Interior Minister Süleyman Soylu.
This success comes despite rising security concerns and a significant hike in the investment threshold.

Turkey CIP Investment Thresholds Updates

At the end of 2023, the Turkish government raised the minimum investment requirement for real estate under the CIP from $250,000 to $400,000.
The change, however, does not seem to have deterred potential investors as the program continues to garner interest from all around the globe.

Security Measures for Stronger Oversight

Soylu emphasized that the CIP operates under a strict vetting process, with applicants undergoing detailed investigations in their home countries.

Turkey has also introduced advanced security measures, such as integrating Interpol Red Notice warnings into its screening protocols and upgrading border control checkpoints with photos of individuals associated with international criminal organizations.

CIP’s Role in Turkey’s Economic Growth

Soylu addressed confusion between citizenship and residency programs, explaining that media often conflates the two. He noted that while the residency by investment program was discontinued in early 2023, the Citizenship by Investment Program remains active and central to the country’s economic framework.

The CIP policy contributes strongly to Turkey’s economy by attracting foreign direct investment (FDI) and creating jobs.