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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 purposes.

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.