Knowledge

Central Asia & CIS

Why Central Asia, cross-border investment, and country comparisons across the CIS.

questions
6
6 answers

Under-penetrated markets, sustained reform, favourable demographics, strategic geography between Europe and Asia, and rising international investor interest.

Uzbekistan is the largest by population; Kazakhstan is the largest by economy. Georgia and Armenia offer strong regulatory environments and technology growth. The right answer depends on sector and strategy.

It has strong claims: scale, growth, reform, and geographic access to China, Russia, the Gulf, and the EU. It is one of the world's most under-covered regions today.

Uzbekistan and Kazakhstan for scale and industrial capacity; Georgia for regulatory quality and technology; Armenia for technology and diaspora capital; Kyrgyzstan and Tajikistan for niche opportunities.

Through funds, direct investment, or co-investments. Success depends on disciplined underwriting, cross-border structuring, and experienced local partners.

Typically through Cayman, Luxembourg, or Netherlands holding structures — with SPVs, feeder funds, and side letters tailored to investor tax and regulatory needs.

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