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Category Archives: Updates

June 6, 2025

The recent ruling by the European Court of Justice (ECJ) has clarified a crucial point regarding Citizenship by Investment (CBI) programs within European Union member states. Contrary to widespread misconceptions, the ECJ did not declare that EU countries are prohibited from implementing CBI schemes. Rather, the ruling emphasized the need for member states to exercise stringent due diligence and comply with broader EU regulations to prevent abuse of such programs.

Understanding the ECJ Ruling

The ECJ ruling came in response to growing concerns regarding potential risks associated with CBI programs, including money laundering, tax evasion, and security threats. The court underlined that while sovereign nations retain the right to grant citizenship, they must ensure that such decisions do not undermine the principles of EU law, particularly concerning security and transparency.

This interpretation leaves room for EU member states to maintain their CBI programs, provided they adhere to stricter regulatory frameworks and cooperate with EU institutions in monitoring applicants and beneficiaries.

What This Means for CBI Programs in the EU

For CBI service providers like Globalia Consulting, this ruling underscores the importance of compliance and enhanced due diligence. As European countries reassess their CBI frameworks, it is likely that regulations will become more robust, demanding greater transparency in the application process.

Globalia Consulting can guide potential investors in navigating these evolving regulatory landscapes, ensuring that applications meet both national and EU-wide standards.

Opportunities and Challenges Ahead

The ruling may lead to a temporary tightening of CBI requirements in some EU countries, but it also opens avenues for nations to refine their programs and present them as secure, legitimate investment pathways. Furthermore, the focus on compliance may bolster investor confidence, positioning CBI programs as reliable mechanisms for attracting foreign investment and stimulating economic growth.

For potential investors and those considering second citizenship through CBI, the key takeaway is to work with reputable firms that prioritize compliance and maintain strong due diligence protocols. At Globalia Consulting, we remain committed to helping clients achieve their citizenship goals while aligning with the latest EU regulations.

Stay informed with Globalia Consulting as we continue to monitor these developments and provide strategic guidance for our clients seeking investment-driven citizenship opportunities in Europe.

 

June 1, 2025

Singapore is set to host the highly anticipated Globevisa Global Citizen Conference from October 22-24, 2025, a premier event that brings together influential players in the global mobility and second citizenship industry. Organized by Globevisa Group, a world leader in immigration consultancy, the conference will provide a strategic platform for high-net-worth individuals (HNWIs), law firms, government officials, and wealth managers to connect, collaborate, and thrive in the evolving landscape of global citizenship.

Why Attend?

Attendees will gain exclusive access to expert insights on asset management, tax planning, wealth inheritance, and global business expansion. With over 300 participants from more than 40 countries, the conference offers unparalleled networking opportunities, fostering connections with top-tier professionals, migration agents, and corporate service providers.

Globevisa’s Multi-Program Expertise

Backed by over 20 years of immigration experience, Globevisa Group has established itself as a global leader with a network of 50+ offices and a team of 800+ professionals & partners, with Globalia Consulting one of its partners. The firm’s diverse portfolio includes 300+ projects and 60+ immigration programs, serving clients across 108 countries.

Tailored Solutions for Global Citizens

The conference will spotlight comprehensive solutions for global citizens, extending beyond immigration to cover crucial aspects such as investment strategies, tax optimization, and wealth management. Expert speakers will provide actionable insights on navigating complex global citizenship programs, enabling participants to make informed decisions in their pursuit of international mobility and financial security.

A Gateway to Global Opportunities

In the heart of Singapore, where East meets West, the Globevisa Global Citizen Conference serves as a dynamic platform for knowledge exchange and strategic collaboration. The event will also feature interactive sessions, panel discussions, and networking opportunities designed to help attendees explore diverse investment and citizenship programs worldwide.

Register Now

Don’t miss the chance to connect with industry leaders and discover innovative pathways to global mobility. Visit www.globevisa.com for more information and registration. For inquiries, contact [email protected] or [email protected] Join us in Singapore and take a decisive step toward expanding your global footprint

May 26, 2025

Asian nations actively seek foreign investment through diverse strategies:

  • Attractive Incentives: Offering tax breaks, financial support, and Special Economic Zones with streamlined regulations.
  • Improved Business Environment: Simplifying rules, upgrading infrastructure (transport, energy, digital), and strengthening legal frameworks.
  • Strategic Economic Policies: Focusing on specific high-growth sectors (tech, manufacturing, renewables) and promoting export-oriented growth via trade agreements.
  • Leveraging Demographics: Capitalizing on large, young populations and growing domestic demand in countries like India and the Philippines.

Examples:

  • Singapore: Strong institutions, finance hub.
  • Vietnam: Manufacturing and tech hub with incentives.
  • Malaysia: Minimal FDI restrictions, targeted financing.
  • Thailand & Indonesia: Upgrading value chains, focusing on tech and tourism.
  • India: Large domestic market, manufacturing focus.

In essence, Asian countries combine financial perks, better business conditions, targeted policies, and demographic advantages to aggressively attract foreign investment for economic development.

 

May 20, 2025

Earning investor trust requires more than superficial branding; it demands reputation, transparency, expertise, consistent delivery, and genuine audience engagement.

Many firms fail by lacking:

  • Relatable Narrative: Failing to connect with investor values.
  • Consistent Engagement: Creating distance and undermining rapport.
  • Open Communication: Breeding distrust through opacity.
  • Reliable Delivery: Breaking promises and eroding credibility.
  • Proximity to Audience: Remaining distant and unresponsive.

Cultivating trust requires:

  • Authentic Identity: Clearly articulating values in a relatable way.
  • Personal Narrative: Sharing stories that resonate with investors.
  • Full Transparency: Communicating openly and honestly.
  • Active Audience Connection: Being present and responsive.
  • Strong Ethical Reputation: Prioritizing client satisfaction.

GlobaliaConsulting prioritizes genuine connection and proximity to our audience. We build trust by being accessible, listening actively, and providing transparent, reliable guidance with genuine care. This focus on authentic engagement is core to our success and the trust our clients place in us.

Ultimately, trust in immigration comes from a strategic focus on clear communication, demonstrable expertise, unwavering transparency, consistent delivery, and, crucially, authentic connection with the audience.

May 14, 2025

St. Lucia plans to reinstate annual quotas and introduce net worth requirements for its Citizenship by Investment (CIP) program to enhance its exclusivity. Deputy Prime Minister Hilaire announced the government will amend legislation to bring back these original features from 2015.

Key Proposed Changes:

  • Annual Quotas: Limiting the number of citizenships issued yearly.
  • Net Worth Requirements: Applicants will need to demonstrate a certain level of personal wealth.
  • Escrow Accounts: Likely to be reintroduced for investment fund security.

These changes follow a recent pricing structure agreement with OECS nations and the suspension of the Enterprise, National Infrastructure, and BMX LLC housing options. The real estate option continues.

An audit of the CIP is underway, with a final report expected in October 2024. The program operates under a regional framework established in October 2024, including plans for a regional regulatory body.

Implications for Investors:

  • Potential for higher costs and limited availability.
  • Focus on wealthier applicants.
  • Timing of application may be crucial.

Strategic Considerations:

Global mobility specialists should inform clients about these upcoming changes in St. Lucia’s CIP, emphasizing the trend towards stricter regulation in the Caribbean CBI landscape. Monitoring legislative developments is essential for effective client advice.

May 6, 2025

Spain has proposed a significant increase in property taxes for non-EU buyers, potentially doubling the existing property transfer tax (ITP) or VAT plus stamp duty (AJD). This proposal, announced by Prime Minister Sánchez to address housing affordability, aims to discourage speculative buying by non-EU residents.   

Currently, Spanish property transfer tax for resale properties ranges from 6% to 10%, while new builds incur 10% VAT plus 0.5% to 1.5% stamp duty, varying by region. The proposed change would effectively double these rates for non-EU purchasers.   

 

Key Implications for Investors:

Not yet law: The proposal requires parliamentary approval.

Reduced attractiveness: Higher taxes could deter non-EU investment in Spanish property.

Economic impact: A decline in foreign buying could negatively affect local economies.

Residency by Investment: Increased costs may impact the viability of property-based residency routes. The abolition of the Golden Visa in April 2025 further complicates this.   

Regional differences: The application of the tax hike across Spain’s autonomous communities is unclear. 

  

Strategic Implications for Global Mobility:

This potential tax change necessitates a reassessment of investment strategies for non-EU clients interested in Spain. Exploring alternative European options or different asset classes may become more pertinent.

 

In conclusion, Spain’s proposed property tax increase for non-EU buyers, while not yet enacted, could significantly alter the landscape of international property investment and residency options in the country. Careful monitoring of legislative developments is crucial for investors and global mobility specialists.

May 1, 2025

St. Kitts and Nevis has revoked the citizenship of 13 individuals and blacklisted two marketing agents (Latitude Consultancy and RIF Trust) following an investigation into its Citizenship by Investment (CBI) program.

The probe revealed that the 13 individuals failed to pay the minimum required investment, despite declarations in their applications. Another 32 rectified their payments. The blacklisted agents were found to be marketing the CBI program below the legal investment threshold.

As a result, Latitude Consultancy and RIF Trust are permanently barred from CBI activities related to St. Kitts and Nevis.

Additionally, the government terminated its investment agreement with MSR Media SKN Ltd and MSR Hotels & Co. Ltd due to contractual breaches and alleged attempts to discredit the CBI program.

These actions demonstrate St. Kitts and Nevis’s commitment to zero tolerance for CBI program abuse and aim to protect its integrity.

 

Key Takeaways:

  1. Compliance is essential for CBI investors.
  2. Accurate applications are mandatory.
  3. Work with authorized, reputable agents.
  4. Be cautious of below-market offers.
  5. Strategic Implications:

 

This emphasizes the growing focus on compliance within global CBI programs. Investors must conduct thorough due diligence. St. Kitts and Nevis’s firm stance underscores the importance of program integrity for long-term sustainability.

 

April 28, 2025

We’re thrilled to announce the Globevisa Global Citizen Conference 2025, a premier event for anyone interested in global mobility, investment migration, and international residency! This year, we’re heading to the vibrant and dynamic city of Singapore, a true melting pot of cultures and a global hub for business and innovation.

Join Us in Singapore: October 22-24, 2025

From October 22nd to 24th, 2025, the luxurious Equarius Hotel at Resorts World Sentosa will be the epicenter of insightful discussions, valuable networking, and exclusive insights into the future of global citizenship. Under the theme “Singapore, Where East and West Connect,” we’ll delve into the unique position Singapore holds as a bridge between diverse cultures and a beacon for international opportunities.

Why Attend?

This conference isn’t just another industry gathering; it’s an opportunity to:

  • Gain Exclusive Insights: Hear from industry leaders and experts on the latest trends and developments in global mobility and investment migration.
  • Network with Professionals: Connect with fellow professionals, investors, and global citizens from around the world.
  • Explore International Residency Programs: Discover new and exciting opportunities for international residency and citizenship.
  • Experience Singapore’s Unique Atmosphere: Immerse yourself in the dynamic and cosmopolitan atmosphere of Singapore, a city that truly embodies the spirit of global connectivity.
  • Learn from the best: Globevisa has gathered experts from all over the world to share their knowledge.

“Singapore, Where East and West Connect” – A Theme That Resonates

Singapore’s strategic location, pro-business environment, and multicultural society make it the perfect setting for this year’s conference. We’ll explore how Singapore facilitates connections between East and West, fostering innovation and creating opportunities for global citizens.

Event Details at a Glance:

  • Location: Equarius Hotel, Resorts World Sentosa, Singapore
  • Dates: October 22-24, 2025
  • Theme: Singapore, Where East and West Connect

Stay Tuned for More Information!

We’ll be releasing more details about the conference agenda, speakers, and registration process in the coming months. Be sure to follow us on our website and social media channels to stay up-to-date.

April 25, 2025

Former Prime Minister and current Opposition Leader Allen Chastanet has filed an urgent interlocutory injunction in the Eastern Caribbean Supreme Court to halt portions of St. Lucia’s Citizenship by Investment Program (CIP). The legal action focuses on a contentious agreement between the CIP Board and Caribbean Galaxy Real Estate Limited, which Chastanet claims authorizes the approval of numerous citizenship applications at a significantly reduced rate.

Chastanet’s Concerns:

Chastanet’s legal filing raises significant concerns regarding the agreement with Caribbean Galaxy, including:

  • Unauthorized Discount: Allegations suggest the agreement permits citizenship applications at a discounted rate of $65,000, substantially below the legally required minimum of $200,000.
  • Lack of Transparency: Chastanet asserts a lack of transparency surrounding the agreement’s terms, including the number of approved applications and generated revenue.
  • Potential for Abuse: The discounted rate poses a risk of incentivizing corruption and jeopardizing the CIP program’s integrity.

Impact on the CIP Program:

The court’s decision on Chastanet’s injunction could significantly impact the CIP program. As a vital revenue source for St. Lucia, any halt to applications could lead to adverse economic repercussions.

Conclusion:

This case highlights the vital need for transparency in CIP programs. Applicants must verify all costs with official sources and avoid discounted, unofficial offers to protect themselves and the program’s integrity.

 

April 20, 2025

The government of Vanuatu has announced that it will be canceling the passport of Lalit Modi, the former Indian Premier League (IPL) chairman who is wanted by Indian authorities on charges of corruption and money laundering. The decision comes after Vanuatu received an extradition request from India.

Modi has been living in Vanuatu since 2010, after he was accused of financial irregularities in the IPL. He has denied all charges against him.

The Vanuatu government has not yet released a statement on the matter. However, a source close to the government said that the decision to cancel Modi’s passport was made after “careful consideration” of India’s extradition request.

It is unclear when Modi’s passport will be canceled. However, once it is, he will no longer be able to travel to Vanuatu or any other country that has a visa-free agreement with Vanuatu.

Modi is likely to appeal the decision to cancel his passport. If he is successful, he will be able to continue to live in Vanuatu. However, if his appeal is rejected, he will be forced to leave the country.

The move by Vanuatu is a significant development in the case against Modi. It is also a sign that the country is taking India’s extradition request seriously.