oil industry professional services founded 1986 headquarters hong kong key people jonathon clifton group managing director simon filmer deputy group managing director ernest zheng managing director china helen soh managing director singapore nadine feng managing director taiwan effy yeung executive director hong kong jessica far executive director hong kong services international incorporations post incorporation technical support on going corporate services . number of employees 220 employees dec 2013 website oilglobal.com oil formerly known as offshore incorporations limited is a privately owned global provider of company formation focusing on serving the financial and professional intermediary sectors . clarification needed 1 in addition to setting up companies oil also provides post incorporation support and a selection of corporate services . it is majority owned by the private equity firm ik investment partners . the company specialises in the 11 jurisdictions of anguilla bahamas belize british virgin islands bvi cayman islands delaware hong kong mauritius samoa seychelles and singapore . they also provide company incorporations in other leading jurisdictions through its group network and global alliances with leading law and accounting firms . it has been estimated that oil is one of the largest offshore incorporators making up about 10 % of the entire industry . 1 oil is regarded as a wholesaler in the industry selling large quantities of offshore structures to banks law firms corporations and accounting firms . 1 headquartered in hong kong oil has offices in the bvi singapore taiwan shanghai beijing shenzhen guangzhou uk cyprus and dubai and has around 220 employees . oil is a group company of vistra group 2 which has about 2 300 employees in 40 jurisdictions ; its global headquarters are in hong kong . 3 vistra group companies include vistra 4 a specialist service providing tailored trust fiduciary fund and corporate services and oil 5 service provider in international incorporations company formation and post incorporation support across global jurisdictions as well as the company incorporation service providers novasage 6 and taka . 7 contents 1 history 2 offices 3 offshore 2020 4 see also 5 references 6 external links history edit the company was established in hong kong in 1986 . the bvi was the first major jurisdiction that oil promoted and the bvi companies quickly became more widely used in asia . 8 nearly three decades later oil has broadened its jurisdictions and service offerings and expanded its geographic coverage . in 2004 the carlyle group acquired the majority of shares in oil from the company founders . 1 in 2011 the majority stake was bought over by the european based private equity firm ik investment partners 1 while a broad cross section of the management team owns in excess of 20 % of the shares . in october 2015 baring private equity asia completed a deal to acquire a majority stake in vistra group . 9 offices edit hong kong singapore taiwan macau shanghai beijing shenzhen guangzhou british virgin islands bvi united kingdom cyprus dubai offshore 2020 edit the offshore 2020 is an annual market research conducted by oil . the research focused on the key trends and future developments of the offshore and related industries and reviewed issues such as market drivers and constraints impact of the increasing regulations and jurisdictional popularity . 10 the most recent version was published in december 2015 . 11 recent report discussed the developments and identify key trends and issues of the offshore industry . 12 it reflected the reduction in the amount of offshore structuring which is tax driven down to 15.9 % in 2012 13 and 10.3 % in 2013 14 possibly a result in the increase in offshore jurisdictions signing large numbers of tax information exchange agreements . they also appear to demonstrate the changes in popularity of certain offshore jurisdictions pursuant to different regulatory developments and geopolitical events like the cyprus financial crisis and the data leaks scandal . the offshore 2020 had been published since 2010 with initial number of 50 participants and continues to grow in sample size to over 320 14 in 2015 . previous publications looking forward an industry on the move 12 2014 edition perception and reality forces driving the offshore industry 14 2013 edition opportunities and challenges facing the offshore industry 13 2012 edition insights into future trends and structure of the offshore industry 13 2011 edition insights into the evolution of offshore financial services in the region and what is driving it 2010 edition see also edit vistra offshore financial centre references edit a b c d e shells and shelves . the economist . 7 april 2012 . retrieved 8 february 2014 . vistra group leading corporate service firm names hong kong global hq . investhk . vistra oil novasage taka a tough act to follow looking back at the birth of the bvi s groundbreaking international business companies act . legal week . 2 may 2014 . baring asia completes deal to acquire majority stake in vistra group pdf . an asian welcome for offshore . ifc review . 5 january 2014 . retrieved 9 july 2014 . offshore 2020 report 2015 the new normal download . oil . retrieved 3 december 2015 . a b looking forward an industry on the move . 17 november 2014 . a b c smoke mirrors and offshore regulation . china offshore . 3 april 2013 . retrieved 9 july 2014 . a b c offshore 2020 . perception and reality forces driving the offshore industry report . economic s. 28 november 2013 . retrieved 9 july 2014 . external links edit oil official website vistra group official website offshore 2020 insight offshore 2020 2014 report retrieved from https en.wikipedia.org w index.php title oil incorporations and corporate services & oldid 727492511 categories companies of hong kongoffshore financefinancial services companies of hong kongservice companies of hong kongcompanies established in 1986market researchhidden categories wikipedia articles needing clarification from may 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 29 june 2016 at 09 58 . text is available under the creative commons attribution sharealike license ; 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