Financial centers and financial capitals of the business world

02.04.2012

The non-governmental British analytical organization Z/Yen Group carried out about two years the interrogation of opinion of world financiers and businessmen. The result of this international research was a new rating of world financial centers.

According to this analysis Europe and North America are still the most competitive in providing financial services.

Analyzing all main cities and capitals, experts of Z/Yen Group came to a conclusion that the most important financial centers of the world are in London, New York, Hong Kong, Singapore and Tokyo. Moreover, we pay your attention that Hong Kong and Singapore not only were recognized as the financial capitals of Asia, but also entered on the third and fourth places in a world rating. 

Expert’s opinion

«In speaking of Hong Kong, we note that this financial capital of Asia isn't a «tax harbor», therefore it isn't included in any lists of tax-free zones as the rate of a profit tax makes 16,5 %, and the annual audit is obligatory for all companies. Nevertheless, in Hong Kong there is a taxation system, which operates on territorial principle. It means that the profit received outside of Hong Kong, can be taxed on a rate of 0 %. To use this advantage competently, it is necessary to observe all norms of tax legislation of Hong Kong wherein specialists of our company can assist you».

On the basis: www.zyen.com/

Lomakina Irina ( the director of Moscow office of Honest & Bright)