Vistra, a leading global provider of corporate, trust and fund administration services announced today that it has opened new offices in Madrid and Barcelona to target the growing opportunities locally in the country and also in North and Latin American markets through internationally focused Spanish corporations. The new offices were opened on 7 January 2013.
Oscar Garcia will lead the Spanish operation as Managing Director of Vistra Spain and Executive Director of the Latin American market. He has advised domestic and foreign companies across a wide range of specialist areas in the Spanish market and has experience of designing complex solutions in accounting, taxation, payroll services, commercial services, trademarks and public administration.
Oscar commented: "Having Spanish based offices will offer significant opportunities for Vistra to target inbound and outbound investments in the Spanish and European economies. Spain also occupies a political and economic strategic position for companies wishing to access southern Mediterranean and North African markets. Nearly 13,000 foreign companies are established in Spain, many of which are amongst the Forbes top 100 multinationals. The country has therefore been recognised as an important market and as a gateway to a significant number of potential clients."
At the same time, Vistra believes Spain offers an important strategic entry point for clients seeking investment and structuring solutions for the Latin American markets, given this continent's vast natural resource wealth and rapidly growing economies.
Vistra will now be able to offer its full range of corporate, fund and private client services through its new Spanish network. Corporate clients can access a range of consultancy and operational services including company formation, offshore incorporations, fund and structuring advice. Together with the launch of the Spanish operation, Vistra has also recently opened dedicated Russian and Chinese desks within its (European office) network to support clients who wish to develop into these fast moving growth markets.
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