2012-12-04 12:10:01 -
'Global strategy directs local presence for regionally relevant services'
Amsterdam-Shanghai, December 4, 2012 - Orangefield Group, corporate provider of
administration-, management services- and trust services to funds opens its new
China office in the heart of Shanghai. The opening is part of Orangefield's
expansion strategy to offer a strong local presence in every jurisdiction
worldwide where the company offers its services.
Orangefield Group is a global corporate service provider and fund administrator
with offices in Europe, Asia, Africa and the Caribbean. China, with its growing
economy, offers many opportunities for global companies to do business and for
wealthy individuals to investment. From the new Shanghai office, a team of
legal and administrative specialists will offer their expertise to companies
wanting to do business or invest in this promising region.
Compliance with China's
laws and regional regulations
Companies that want to do business in or through China/Asia need specialist
knowledge of China's laws and regional regulations to ensure compliance.
Otherwise companies do not even have a right to operate. But compliance is only
one element of Orangefield services. A company's real competitive advantage
comes from knowing how to benefit from favourable regulations.
Anticipating to beneficial regulations
Rules are constantly subject to change. By being close to the fire and knowing
ahead about regulatory changes, the Orangefield Shanghai staff will serve its
clients best. Joep Bruins, CEO of Orangefield puts it this way: "It makes a
great difference to be physically present in the Chinese region. Instead of
adjusting to upcoming changes in the law when they come into effect, we can
start preparing for these changes after we hear the first buzz about them in the
streets. And trust me, there is a lot happening in Shanghai.
Both incorporation and managing day-to-day requirements of clients' companies in
any region requires an extensive network of contacts and the ability to speak to
those contacts; about business, but also personally, taking into account local
customs and culture. "A lot can be done by email, telephone and
videoconferencing, but the fact that we can easily speak to Chinese government-
and company officials face to face and take into account their culture and
customs, makes us so much more effective than using high-tech distant
communication techniques, " says Jack Wu , Director of Orangefield Shanghai.
Notes to editors.
For more information contact:
Guido Wagenaar, Orangefield Global Head of Business Development. t:
+31205405889 | m: +31 6 54956301 | Guido.Wagenaar@orangefield.com
About Orangefield Group
Orangefield is a global full service corporate service provider and fund
administrator, with more than 30 years of experience, providing a wide range of
fund administration, management, administrative and trust services to funds,
corporate clients and private clients all over the world. Orangefield is ISAE
3402 Type II (previously SAS 70) compliant, demonstrating the rigorous controls
and attention to detail expected in all accounting, cash management, investor
reporting and compliance responsibilities.
Orangefield Group has a strong global presence with offices in Europe, Asia,
Africa and the Caribbean. Orangefield Group headquarters is located in
Amsterdam. Dutch investor AAC Capital Partners holds a majority interest in
For more information, visit www.orangefield.com
Press Release Orangefield opens Shanghai Office:
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Source: Orangefield Group via Thomson Reuters ONE