# Appendix P — About Kestrel Private ## P.1 The firm Kestrel Private is the private-client residence and citizenship advisory practice of 8T20 Capital (Pty) Ltd, a South African company incorporated on 30 September 2019 (registration 2019/482395/07) and operating under the Kestrel Private name from 2026. The firm is headquartered in Cape Town and works with admitted local counsel and licensed agents in each jurisdiction it advises on, with client lines in the United Kingdom, the United States and South Africa. Kestrel Private is an advisory and coordination firm. It is not a law firm, and it is not an authorised financial services provider under South Africa's Financial Advisory and Intermediary Services Act. Regulated work is performed by admitted local counsel and other regulated professionals in each jurisdiction, engaged for the client and answerable in that jurisdiction. The programmes described in this report are operated by governments, not by Kestrel Private, and every application is decided by the responsible authority. The division of responsibility is set out in Chapter 18. ## P.2 The principal Andrew J. Taylor is Founder and Managing Partner. He has practised in investment migration since 2009. He served as Vice Chairman of Henley & Partners from 2014 to 2018, and as Managing Partner of Henley Estates from 2011 to 2014. He is a co-editor of the International Real Estate Handbook and the author of its Saint Kitts and Nevis chapter, with a focus on investments that qualify for citizenship. He is a Canadian-born dual Canadian and British national, resident in South Africa. That career was made in the market this report describes as ended, including the Cypriot and Maltese programmes at §2.2 and §2.4. The positions taken in this report are stated on the law as it now stands and on the sources listed in Appendix M, and are intended to be read against that history rather than apart from it. The experience belongs to the principal's career; the company itself was incorporated in 2019 and adopted the Kestrel Private name in 2026. ## P.3 How the firm charges Kestrel Private's engagement is charged as a fixed professional engagement fee, agreed in writing before work begins and charged once for each programme application instructed: €10,000 for a programme application, and €8,000 for a second application instructed alongside it, the reduction reflecting the onboarding, due-diligence and document work the two share. The reference case comprises two applications — the citizenship application and the residence application — and therefore carries both fees, €18,000 in all; a client instructing one programme pays €10,000, and the optional company, banking and tax layer is not a programme application and carries no such fee (§10.11, §10.12). The fee does not scale with the size of the investment, the composition of the family or the number of jurisdictions involved. The assessment and comparison work that precedes an engagement is not charged. Government contributions, taxes, statutory fees and the charges of the regulated professionals engaged in each jurisdiction are disbursements. They are payable by the client to the party entitled to them in the amount that party charges. They are not part of Kestrel Private's fee, and the fee does not rise or fall with them. Chapter 10 sets out the complete cost structure of the reference case on that basis — one fee line and a schedule of disbursements — and identifies which elements are fixed by government schedules, which are quotable in advance, and which cannot be known until a property has been selected. ## P.4 The firm's published evidence base Kestrel Private publishes the material on which its positions rest: a document library of the official instruments governing the programmes it advises on; the Kestrel Residence Index, with its methodology and underlying dataset published in full; a dated change log recording amendments to the programmes it tracks; and machine-readable versions of its factual claims. This report is written to the same standard, described in Appendix N. The firm's working principle is that a private client should be able to check any statement made to them against the instrument it came from. Where that is not possible — because a text is not published, or an authority's practice is not documented — the firm's position is that the limitation should be disclosed rather than glossed. ## P.5 What the firm does not do Kestrel Private does not decide applications, and it does not represent that it can influence a government's decision. It does not practise law or provide regulated legal, tax or investment advice. It does not guarantee approval, timing, banking access, tax outcomes, rental income, capital preservation or resale. It does not accept every prospective client: engagements are declined or deferred where source of wealth or source of funds cannot be evidenced to the required standard, where the structure would not serve the client's stated objectives, or where the client requires an outcome that cannot honestly be promised. Those criteria are set out at §13.14 and in Chapter 15. ## P.6 Contact Kestrel Private maintains client lines in the United States, the United Kingdom and South Africa, and an office line in Limassol. General enquiries are received at service@kestrelprivate.com. Enquiries from professional advisers acting for a client are received at andrew@kestrelprivate.com. ## P.7 Data protection Kestrel Private processes personal data in accordance with the General Data Protection Regulation and South Africa's Protection of Personal Information Act. The Information Officer is Andrew J. Taylor. Applications of the kind described in this report require the disclosure of extensive personal, financial and family information to government authorities, regulated professionals and financial institutions in more than one jurisdiction; the scope of that disclosure is explained to clients before any information is collected.