ILS sets up base in Far East (hktdc.com)


	Chief Executive of ILS, Chris Eaton, with InvestHK's Priscilla Law

International fiduciary services provider, ILS, has chosen Hong Kong to be its centre of operations in the Far East.

Chief Executive, Chris Eaton, said that now is the right time to set up a Hong Kong base. "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."

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.

ILS Far East will bring all of its 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, Priscilla Law, welcomed the new opening of ILS. "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."

Established in the Isle of Man in 1991, The ILS Group has offices in 13 countries and headquarters in the Isle of Man.