BASSETERRE, St. Kitts, February 3, 2017 (Citizenship-by-Investment Unit)—The St. Kitts and Nevis Citizenship-by-Investment Unit (CIU) has been represented at a dinner and Russian Wealth Advisors Forum in Zurich, Switzerland.
Chief Executive Officer (CEO) of the St Kitts and Nevis CIU, Mr. Les Khan, accompanied by CS Global Partners’ Russia Team, is at the forum in Zurich to discuss advancements and opportunities in the St. Kitts and Nevis Citizenship by Investment (CBI) Programme.
At an exclusive dinner organized on January 31, Mr. Khan gave an insight into the latest changes and developments to the St. Kitts and Nevis CBI Programme, where the audience included 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.
Additionally, on February 2, 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 who specialise 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.
During his speech, Mr. Khan introduced the changes to the programme, as well as announcing the new branding of the St. Kitts and Nevis CIU. 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 St. Kitts and Nevis CIU continues to attract premium applicants. Notably, a significant percentage of these premium economic citizens that has passed through the Citizenship by Investment Unit, was of Russian origin.
Of the visit, Les Khan said:
“What makes the St. Kitts and Nevis 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 integrated members 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 was 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.