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International Fiduciary Services Provider, ILS, has chosen Hong Kong to be its centre of operations in the Far East.
Chief Executive, Mr Chris Eaton, said 䩕We have considered opening an office in Hong Kong on several occasions and are confident that now is the right time.蒅
䩕The massive expansion of trade in and out of Mainland China and the fact that the majority of this goes through Hong Kong means that there is a big and growing demand for the business support services that The ILS Group has to offer,蒅 said Mr Eaton.
ILS has joined forces with UK-qualified chartered accountants Debbie Annells and Kenneth Yeung to form the joint venture ILS (Far East) Limited. The Hong Kong office will be able to incorporate companies in more than 40 countries.
ILS Far East will operate on a full-service basis, with all initial documentation completed and officers appointed where appropriate. The company will also be able to open accounts with leading banks and can provide on-line facilities where needed. Where ILS Far East acts as directors, signatories will be provided to maintain confidentiality.
䩕We look forward to working with Debbie and Kenneth and to bringing their knowledge on how to structure business entities and conduct business in China and the Far East to our whole client base,蒅 said Mr Eaton.
ILS Far East will bring all of ILS﷿s traditional range of services to the Asian market. ILS Far East will assist existing clients that want to establish in China by advising on competition, location, size of operation and providing assistance on how to navigate through the Chinese bureaucracy.
Acting Associate Director-General of Investment Promotion at Invest Hong Kong, Ms Priscilla Law, congratulated the new opening of ILS. 䩕We are very pleased that ILS Far East has joined the nearly 3,850 overseas and Mainland companies operate as regional headquarters or offices in Hong Kong. Together with the dynamic local business community, these regional operations provide an extensive potential client base and exciting business opportunities for an international fiduciary services provider. We at InvestHK look forward to continuing to work with ILS Far East as the company develops is business from a Hong Kong base.蒅 said Ms Law.
Established in the Isle of Man in 1991, The ILS Group is a worldwide leader in the provision of tax-efficient international corporate and trust services. The firm has offices in 13 countries and headquarters in the Isle of Man. For more information, please visit the website at www.ils-world.com.
Invest Hong Kong is the Hong Kong Special Administrative Region Government department charged with encouraging and facilitating inward investment into the city by providing the support needed to establish or expand a business presence here. For more information, please visit the website at www.investhk.gov.hk.
Ends/Thursday, November 2, 2006
Issued at HKT 18:06
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