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13 Dec 2018, 15:16 HRS IST
  • PTI
  • Vistra Announces Acquisition of Global Expandia in Indonesia

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11:24 HRS IST

(Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same).

Vistra Announces Acquisition of Global Expandia in Indonesia

HONG KONG, March 13, 2018/PRNewswire/-- Vistra, one of the world's leading corporate service providers of international incorporations, trust, fiduciary, private office, international expansion and fund administration services, has acquired Global Expandia, a Jakarta based firm providing market entry and other related services to foreign-owned investors operating in Indonesia. This acquisition adds to Vistra's growing global footprint for International Expansion services by establishing a presence in Indonesia, the largest economy in Southeast Asia, which is an attractive market for local and foreign businesses.

(Logo:https://mma.prnewswire.com/media/631530/Vistra_Logo.jpg) Established in 2014, Global Expandia has built a reputation as a one stop solution for foreign companies making direct investments into Indonesia, offering a comprehensive service portfolio across company formation, tax compliance, accounting, bookkeeping, payroll and work permits. The team of 17 led by founders Miguel Latorre and Elsye Yaw will join Vistra, with Miguel becoming Managing Director of Vistra's International Expansion division in Indonesia.

Announcing the acquisition, Vincent Bremmer, Group Managing Director of International Expansion at Vistra, said, "Indonesia has emerged as one of the leading jurisdictions in Asia for international companies to expand into. Globally, it is the fourth most populous nation with a young labour force; representing a key market for Vistra as we strengthen our Southeast Asian business. The acquisition of Global Expandia will not only grow our network, but it will also prove beneficial for our existing businesses in Singapore, Hong Kong and China where we have clients already operating within Indonesia or with plans to do so. Miguel and Elsye have successfully built and grown Global Expandia and their ongoing leadership is important to ensure our Indonesian business continues along the same growth trajectory. Their expertise will be integral to our growth in the region. Our Vistra Singapore team has already built a strong working relationship with Miguel and Elsye, and both now have the opportunity to better serve our clients with a broad and innovative set of services." Vistra were advised on the transaction by Foulger Underwood.

Miguel Latorre, co-founder of Global Expandia, added, "This acquisition is a fantastic opportunity for all of us at Global Expandia, and is also a reflection of the work our team has done in making our company a major provider in Indonesia for supporting foreign investment. Vistra will provide us with the platform to attract new foreign clients to Indonesia through their extensive global network. This is a breakthrough step for all of us and we are excited to continue growing with Vistra."

About Vistra Ranked in the top four corporate service providers globally, Vistra is a versatile group of professionals, providing a uniquely broad range of services and solutions. Our capabilities span across company formations to trust, fiduciary, private client services, and fund administration.

Vistra employs over 3,300 employees in 74 offices across 44 jurisdictions.

For more information, please visit http://www.vistra.com

About Global Expandia Global Expandia is a professional services firm managed by an international and local team of consultants, which assists clients in all the stages of their expansion and operations in Indonesia. Global Expandia provides a One-Stop-Service solution on services related to business advisory, pre & post incorporation and outsourcing services, enabling our clients to focus on their core business.

We have dedicated consultants for Market Entry Strategy, Tax Compliance, Accounting, Payroll, Company Registration and Corporate Secretarial services, so that you can focus on your business.

For more information, please visit http://www.globalexpandia.com Source: Vistra.

Vistra, Besy Leung, Email: media.enquiries@vistra.com Telephone: +852-2848-0268 Global Expandia Miguel Latorre, Email: miguel.latorre@globalexpandia.com Telephone: +62-21-574-2453.

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