Vistra acquires Indonesian firm

Posted: 13/03/2018

Corporate services provider Vistra has acquired Global Expandia, a Jakarta-based firm that provides market entry and related services to foreign-owned investors operating in Indonesia. 

Vistra says the acquisition gives it a foothold in the largest economy in South-east Asia, which is an attractive market for local and foreign businesses. 

Established in 2014, Global Expandia offers a 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.  

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. 

"The acquisition will not only grow our network, but will also prove beneficial for our existing businesses in Singapore, Hong Kong and China." 

Vistra was advised on the transaction by Foulger Underwood.

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