Atlas Targets Asian Trust Services Market
Tuesday, October 18, 2011
Atlas Corporate Services Group, a leading international corporate and trust
service provider, has announced that it has been granted new licences to operate
in the Ras-Al-Khaimah Free Trade Zone and in Mauritius as the firm expands its
global reach into Asia.
Atlas Corporate Services Limited has been granted a Management License by the
Financial Services Commission of Mauritius to provide company and
trust administration services. In addition, the Group's Dubai-based business consultancy
unit, Atlas Corporate Services JLT, has been accepted as a Registered Class
4 Agent in the Ras Al Khaimah Free Trade Zone Authority.
Atlas has been working on its applications over the past few months with both
the RAK Free Trade Zone Authority and the Mauritius Financial Services Commission.
After a stringent interview process, it was felt that Atlas has the proven experience
and necessary professional capabilities to act as fully
licensed agents in both jurisdictions. The licensing covers RAK International
Companies (ICs) in the UAE, and the general management license in Mauritius
covers GBC1, GBC2 and Mauritius Trusts, to cover a wide range of professional
Atlas said that these developments "will add a vital edge to the firm’s
competitive standing", and confirms its commitment to be a leader in
the Corporate Services provider world.
“Our appointment as registered agents for RAK International Companies
will allow clients heightened access to efficient and cost effective incorporation,"
said Kevin O’Farrell, Head of Corporate Administration. "Furthermore,
a business presence in either of these OECD white list jurisdictions will also
allow critical access to the Middle Eastern, Asian and European markets, without
the need for a physical office presence.”
“Mauritius is widely regarded as one of the best and most respected jurisdictions
in the offshore world," added Jesse Hester, Atlas Group Chairman and Head
of the Mauritius office. "Now that Atlas has successfully obtained FSC
licensing, it will allow the Group to carry out licensed trust and company incorporation
and administration work for our clients Internationally, offering a gateway
into the African, Indian and Chinese markets. Such activity will give Atlas
an even broader reach, and a clear advantage over our peer group.”
Atlas has further plans for licensing in additional territories in 2012.