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Offshore Incorporations Limited (OIL), a leading global company formation specialist based in Asia, has announced the opening of its first European office, in London.
OIL said that the move will enable the company to further support companies based in Asia which increasingly require international structures to facilitate strong capital flows from Asia to Europe.
OIL serves professional intermediaries and specializes in company formation in Anguilla, the Bahamas, the British Virgin Islands, the Cayman Islands, Delaware, Hong Kong, Mauritius, Samoa, the Seychelles and Singapore.
Established in Hong Kong in 1986, OIL has a long history in Asia and now has a team of 200 employees across the region, including in Hong Kong, China, Singapore and Taiwan.
Martin Crawford, CEO for OIL, commented: “This is the first step in expanding OIL’s presence across Europe and it is an exciting milestone for the business, having just celebrated 25 years in Asia. We wish to continue supporting our clients as they grow globally and require a wider variety of services for their offshore activities. You just need to look at the fact that over 50% of new properties in London are purchased by Asian investors to see the growth in demand."
He added: “Equally, we are looking to increase our market share of European business as we are able to offer a comprehensive range of jurisdictions and deep technical experience to ensure clients get the best options for their circumstances. I believe OIL’s years of experience and scope of services is unrivalled.”
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