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Dominica’s Prime Minister, Dr the Honourable Roosevelt Skerrit, is confirmed to visit Hong Kong from October 26 to 27 to attend the 2026 Globevisa Global Citizen Conference (GGCC 2026). Following its inaugural event in Singapore, the summit relocates to Hong Kong this year. As Asia's core wealth management hub, Hong Kong has actively promoted the development of family offices and related financial services, leveraging tax concessions and administrative ease to attract global high-net-worth individuals (HNWIs) for asset allocation.
Amid increasingly stringent global anti-money laundering (AML) and tax transparency requirements, Prime Minister Skerrit’s visit underscores the growing intersection between Citizenship by Investment (CBI) programmes and the wealth management needs of Asia’s HNWIs.
Hong Kong’s family office expansion and 'economic substance' scrutiny
Driven by this expansion of family offices, the demand for establishing cross-border trusts and multi-jurisdictional corporate structures in Hong Kong has surged. For HNWIs, asset allocation can no longer be limited to offshore capital transfers; it must be integrated with multi-jurisdictional identity planning and tax compliance.
However, multinational financial institutions are raising the threshold for opening offshore accounts and conducting due diligence. Offshore account setups, source of funds reviews, and "economic substance" requirements have become unavoidable compliance issues. Whether an applicant maintains a genuine connection to the passport-issuing country, has completed tax registration, and possesses clear residency arrangements are now critical metrics for financial institutions assessing risk.
Dominica tightens CBI regulatory standards
To address the rigorous scrutiny of the international financial system, the Dominican government implemented a series of pivotal legislative amendments between 2024 and 2025. Key regulatory changes include:
A platform for policy and market dialogue
During this transitional period of heightened compliance, communication between policymakers and the market is crucial. Prime Minister Skerrit’s visit signals the Dominican government's intent to utilise a professional platform to communicate its policy direction and regulatory expectations directly to the Asian market.
According to public corporate data, the summit organiser and authorised Dominican government agent, Globevisa Group, operates over 50 direct branches across more than 25 countries and regions. Covering over 150 cross-border residency and citizenship programmes, the firm has served more than 110,000 clients.
In response to the international community's growing demands for CBI transparency and fund scrutiny, Globevisa states it has established an independent compliance department. The firm executes pre-screening protocols prior to submission to assess whether applications meet AML and due diligence standards. Simultaneously, addressing financial institutions' focus on economic substance, the firm assists clients in fulfilling overseas residency arrangements, proof of address, and tax registration.
Summit agenda and industry trends
Built on this strict compliance consensus and public-private trust, GGCC 2026 in October is expected to gather over 300 political and business representatives from more than 40 countries and regions.
The two-day agenda is structured to maximise professional value:
Beyond unilateral policy briefings, participating multinational law firms and wealth management institutions will address a pressing practical issue: as compliance costs climb, how the industry can standardise operational procedures and vetting mechanisms to prudently handle cross-border identity applications involving complex funding backgrounds. These discussions not only concern the reshaping of industry vetting mechanisms but also directly reflect the "new normal" of compliance that Asia's HNWIs face during global asset allocation.
About Globevisa Group
Founded in 2002, Globevisa Group (the organiser of the GGCC summit) is an international consulting firm specialising in cross-border asset allocation, residency, and citizenship planning. The organisation currently operates over 50 direct branches across more than 25 countries and regions. Amid an increasingly stringent global regulatory environment, Globevisa is committed to providing global HNWIs with identity and wealth structuring solutions that benchmark against the highest international compliance standards, continuously driving the standardisation and professionalisation of the cross-border wealth management sector.
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