Vertex | TMF Group case study

Vertex

Global biotechnology company seeks local accounting and tax knowledge

Vertex partners with TMF Group to increase efficiency during expansion.

Services for: Accounting, Corporate Secretarial, HR and Payroll and Tax Compliance

Provided in: Australia, Austria, Brazil, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Spain, Sweden and Switzerland

Vertex is a global biotechnology company that aims to discover, develop and commercialize innovative new medicines so people with serious diseases can lead better lives. Founded in 1989 in Cambridge, MA, Vertex today has research and development sites and commercial offices in the United States, Canada, Europe and Australia. Last year, Vertex opened its first office in Brazil, based in São Paulo.

Senior Director of International Accounting for Vertex, Richard Wade said: “With our decision to enter Brazil, specifically São Paulo, we were aware of the complex tax regulations, as well as language requirements; Portuguese is not widely spoken in Europe – except for in Portugal.

I’ve been very impressed with the team, as they are experienced and deliver a superior level of service. We can reach them whenever we are in doubt and they respond quickly, which is more efficient than trying to recruit in-house.

As we expand, there will be a range of different transactions, and we know that TMF Group can help us.”

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