Mr Les Khan, CEO of the St Kitts and Nevis Citizenship by Investment Unit, accompanied the CS Global Partners’ Russia team to Zurich to discuss advancements and opportunities in the Citizenship by Investment Programme.
An exclusive dinner was organized on 31 January, where Mr Khan gave an insight into the latest changes and developments of the Programme. The invited guests ranged from representatives of notable private and investment banks in Zurich, asset managers, wealth advisors, and private client lawyers.
The event, which was geared towards professionals and business representatives with a client base of high-net worth individuals (HNWIs) and ultra-high-net worth individuals (UHNWIs) from Russia and the Commonwealth of Independent States (CIS), also encouraged the exchange of good practice and advisory experiences in light of the legal and geopolitical changes witnessed in Russia and other countries worldwide.
On 2 February 2017, Mr Khan was a key-note speaker at the Russian Wealth Advisors Forum, which brought together over 150 professionals and experts of HNWI and UHNWI matters specialised in Russia and the CIS. The forum covered several topical issues, ranging from wealth planning and transparency, anti-money laundering, exchange of information practices, confidentiality, compliance structuring, and citizenship.
Generously, Mr Khan noted, with pride, that he was not only representing St Kitts and Nevis, but that he was also there in the capacity as a fellow Caribbean citizen.
During his speech, Mr Khan introduced the changes to the programme as well as announcing the new branding of the Unit. In particular he emphasized the modification to the contribution threshold under the SIDF option, making the SIDF more appealing for larger families. He spoke of the credibility of the programme, reiterating the high level of due diligence that is undertaken on each applicant and how the Unit continues to attract premium applicants. Notably, at least 25% of these premium economic citizens that have passed through the Citizenship by Investment Unit, were of Russian origin.
Of the visit, Les Khan said:
“What makes our Citizenship by Investment Programme a world leader is both its high quality and how successful applicants have gone on to make a positive impact on the quality of life of citizens and residents by becoming an integrated member of the society. Trips such as these provide a perfect opportunity to showcase our programme and to attract the right level of candidate to apply.”
The audience welcomed the updates and were interested to engage with Mr Khan and the team on the ground to learn more about the potential changes and residence opportunities that are imminent.