SOURCE: Orangefield Group

Orangefield Group

June 06, 2013 06:00 ET

Orangefield Opens New Office in Johannesburg, South Africa

'Clients Will Benefit From Corporate Service Provisions in Fast-Growing Economies'

AMSTERDAM, THE NETHERLANDS and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Jun 6, 2013) - Orangefield Group, corporate provider of administration-, management services- and trust services to funds, opens a new office in Johannesburg, South Africa located in Sandton. With its new presence in Africa, Orangefield expands its capacity to provide essential services to assist clients seize opportunities, grow their business and maximize their return on investments in the promisingly developing markets of the continent.

As the principal contact, Mr Imtiaz Yusuf is leading the expansion of Orangefield's services and will be working in close cooperation with our Mauritius office. Orangefield is a leading expert in shaping corporate services that suit the current and future needs of clients. In the coming months, there will be a strong focus on the areas of new company formations, corporate and fund administration and - management services.

Compliance in a world where rules and regulations change
Among the fastest growing economies in the world are a number of African countries including South Africa, Ghana and Angola. Orangefield is anticipating the inevitably increasing demand for its services in these economies that mature at a fast rate. In such economies, businesses have to be compliant with rules and regulations to match the speed of the constant flux of market conditions and requirements that change relatively quickly. We understand that unfamiliarity with the current state of local and regional affairs can be a show-stopper for entrepreneurs who fail to partner with an expert that can guarantee their business entities are administratively on top form.

The art of servicing developing economies
The strategy to offer a strong local presence in every jurisdiction where Orangefield is active, is no secret to those who follow the company. Developing economies are of special interest to Joep Bruins, CEO of Orangefield. "Growing markets and economies offer tremendous opportunities for our clients. That is why the opening of our first office in Johannesburg marks an important step for them, and for us. Using our global experience and regional network, our clients don't have to reinvent the wheel when setting up their required structures. Moreover, it is not uncommon that rules and regulations play catch-up with market developments. Orangefield is always ahead of the game, so quite contrary to the cliché, we do invent a new wheel if necessary. With our custom solutions, clients benefit from the most favourable legal and corporate structures that enable them to do business and stay focused on doing their business. This is as true for Africa as it is for all the other parts of the world where we are present," says Bruins.

Notes to editors.

About Orangefield Group

Orangefield is a global full service corporate service provider and fund administrator, with more than 40 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 Orangefield Group.

For more information, visit www.orangefield.com

Orangefield opens new office in Johannesburg, South Africa: http://hugin.info/149357/R/1707622/565538.pdf

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