OIL Expands into Europe with Office in London

Offshore Incorporations Limited (OIL), a leading global company formation specialist based in Asia, today announced the opening of its first European office, in London.

The expansion enables OIL to further support Asia-based companies which increasingly require international structures to facilitate the strong and consistent capital flow from Asia to Europe. It will also allow OIL to expand its footprint across Europe, answering the growing need companies have in this region for well-structured, well-managed offshore solutions.

OIL has a long history in Asia, having been established in Hong Kong in 1986, and now has a professional team of over 200 employees across Hong Kong, Singapore, China and Taiwan. The company serves professional intermediaries and specializes in company formation in the premier jurisdictions of Anguilla, Bahamas, British Virgin Islands, Cayman Islands, Delaware, Hong Kong, Mauritius, Samoa, Seychelles and Singapore.

Martin Crawford, CEO for OIL, based in Hong Kong, 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.

"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."

The London office will be headed by Director for Business Development, Tim Edwards, who has substantial experience in the offshore and fiduciary services sector.

"Tim brings with him excellent experience in developing business and building client relationships in key European markets and we are looking forward to working with him to expand OIL's reach and provide clients with an increasingly seamless international service," said Martin Crawford.