Appleby, a well-known name in the Isle of Man, is expanding its fiduciary and administration services into mainland China.
The firm will open a new office in Shanghai on April 2, a few days before the tax information exchange agreement between the Isle of Man and China - the world's biggest exporter - comes into force.
Managing Partner of Appleby Isle of Man, Sean Dowling, says China's been a significant market of interest to the Island for some time, with Chinese investors likely to be attracted by access to the European VAT network and zero per cent corporate tax rates.
Mr Dowling says the Island is in an ideal position to offer services to Chinese individuals and businesses, and extending the company's reach with a physical presence in mainland China offers good prospects for growth.
The Shanghai office will work in tandem with Appleby's Hong Kong office which has served clients in Asia for 20 years.
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