DSP
Developer Real Estate / Designated Project
State-approved real estate (a developer project), purchasing a share of which grants eligibility for citizenship by investment.
- What it is
- State-approved real estate (a development project) for citizenship by investment
- How it works
- You buy a share in a project instead of a non-refundable contribution
- Advantage
- It is an asset that can be sold in time
- Drawback
- Capital is tied up, with a holding period and restrictions
- Can you prepare
- Yes: choose a reliable project and calculate all the costs
In plain words
A DSP (developer’s real estate / designated project) is a state-approved real estate development project, the purchase of a share in which gives the right to apply for citizenship by investment. It is an alternative to a non-refundable fund contribution: instead of simply giving money to the state, you invest it in a specific property — usually a share in a hotel or resort complex.
The main difference from a contribution: real estate is an asset. After the set holding period (usually several years) the share can be sold to another investor and part of the outlay recovered. The real estate threshold in the Caribbean programmes is usually higher than the minimum fund contribution, but in return you get property rather than a non-refundable payment.
This route has its nuances: capital is tied up in the project for the holding period, liquidity is limited (you can sell mainly to another CBI investor), and costs for the property are added to the government fees. That is why the choice between a contribution and a DSP depends on your goals: whether simplicity and minimum cost matter — or recovering part of the outlay through an asset.
Where a DSP applies
What matters about a DSP
- A share in a project
- A hotel or resort
- Approved by the state
- It is an asset
- Can be sold
- Partial recovery
- Capital is tied up
- Limited liquidity
- A threshold above the contribution
- Holding period
- The developer’s reliability
- Costs for the property
How the DSP route goes
- 01Choosing a reliable project
- 02Check and file preparation
- 03Buying the share and due diligence
- 04Approval
- 05Passport and ownership of the asset
What you need to know
- A DSP is an approved real estate project for citizenship
- You buy a share in a property instead of a fund contribution
- Real estate is an asset that can be sold later
- The threshold is usually higher than the minimum contribution
- Capital is tied up for the holding period, and liquidity is limited
Common mistakes
- Choosing a project without checking the developer’s reliability
- Forgetting the holding period and resale restrictions
- Counting only the price of the share and forgetting the fees and costs
- Expecting high liquidity — you can sell only to a narrow circle
- Hiding a contentious episode — the check will find it
What this means for a BRIDGES client
We help you choose between a non-refundable contribution and real estate (DSP) and select only reliable, vetted projects. We take into account the holding period, liquidity and all costs, so that you get both a passport and an asset that holds its value, rather than capital tied up as dead weight.
Frequently asked questions
01 /What is a DSP?
Developer’s real estate / designated project — a state-approved real estate development project, the purchase of a share in which gives the right to citizenship by investment.
02 /How is a DSP better than a fund contribution?
Real estate is an asset: after the holding period the share can be sold and part of the outlay recovered, whereas a fund contribution is non-refundable.
03 /What are the drawbacks of real estate?
The threshold is usually higher than a contribution, capital is tied up for the holding period, and liquidity is limited — the share can be sold mainly to another CBI investor.
04 /What is bought under a DSP?
Usually a share in an approved hotel or resort complex. The project must be accredited by the citizenship programme of the particular country.
05 /Can money be lost on a project?
There is a risk if the developer is unreliable or the property illiquid. That is why we check the developer and the project before the purchase, not just handle the paperwork.
06 /Contribution or real estate — which to choose?
It depends on your goals: a contribution is simpler and cheaper but non-refundable; real estate costs more and ties up capital but gives an asset. We help decide for your situation.
See also
Read next
This material has undergone editorial review by BRIDGES.
Citizenship through real estate?
We will choose a reliable approved project, compare it with a contribution and account for all costs — so that you get both a passport and an asset.