2017 eprivateclient Top Trust Company, Vistra, has acquired a Jakarta-based firm providing market entry and other related services to foreign-owned investors operating in Indonesia.
Founded in 2014, Global Expandia is a team of 17 led by founders Miguel Latorre and Elsye Yaw, with Mr Latorre becoming managing director of Vistra’s International Expansion division in Indonesia.
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.
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.”
Vistra provides trust, fiduciary, private office, international expansion and fund administration services with 74 offices across 44 jurisdictions.
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