- Vistra, the fast growing global independent trust and fiduciary firm, announced today the acquisition of ICSME's corporate services division. Founded in 2007, ICSME is a privately held full-service turnkey market entry service provider for international companies entering the Chinese market. The accquisition of ICSME's corporate services division expands both the size and expertise of Vistra's existing operations in Beijing, Shanghai, Guangzhou and Shenzhen and strengthens its service offerings to assist clients enter the Chinese market in the most cost-efficient way.
- Vistra (Amsterdam) B.V.
As part of the acquisition, the existing clients and team of ICSME’s corporate services division has been transferred to Vistra on 1 November 2013. Vistra will provide ongoing corporate administration services to all ICSME’s clients.
“ICSME delivers extraordinary know-how in helping clients enter and navigate the complex China market and has a very experienced team with an impressive track record servicing SMEs and MNCs alike,” said Gary Wong, Managing Director of Vistra China. “We are delighted to join forces with ICSME in broadening the depth of resources in China as well as extending our reach to clients in Germany, Turkey and western Europe where ICSME has built a solid reputation.”
Alp Altun, founder of ICSME, added “Teaming up with Vistra will add great value to our clients. It will also allow our operations support team to focus on the consulting and advisory business knowing that our existing and future clients will be cared for by a team of professionals who specialise in this area globally. The move perfectly complements our development plans for the next 3 years.”
In addition to establishing representative offices and Wholly Foreign Owned Enterprises (WFOEs) in China, Vistra provides ongoing company administration, accounting and payroll services. WFOEs are generally used by foreign companies wishing to set up businesses in mainland China.
ICSME will retain its advisory consulting and market entry division and continue to run these services under the ICSME brand, alongside its marketing, branding and advertising advisory division – branded CUROVIA. Under the ongoing strategic alliance with Vistra, future ICSME clients will use Vistra for company set-up and corporate administration services.