PrivateBanking.com BLOG

In just over four decades, Singapore has established a thriving financial centre of international repute, serving not only its domestic economy, but also the wider Asia Pacific region and in some instances, the world.Being an international financial centre, Singapore offers financial institutions a pro-business environment, excellent infrastructure, cost-competitiveness, a highly skilled and cosmopolitan labour force, and is strategically located in a region of opportunities.Singapore has Long been recognised as one of the best cities for business.

As one of the top 5 most active foreign Exchange trading centres in the world, Singapore is also the second largest over-the-counter derivatives … Continue Reading

London is the banking centre of the world and Europe’s main business centre.More than 100 of Europe’s 500 largest companies headquarters are situated here. Many of world’s largest financial companies have their European headquarters in London too.London is the heart of the world’s financial business and the centre of financial innovation and information. It’s supportive legal, regulatory and fiscal regimes are underpinned by a highly efficient technological infrastructure and an unrivaled concentration and variety of expert services.

The Bank of England used to regulate the financial markets before the government launched the Financial Services Authority (FSA) to take control … Continue Reading

Montevideo is the capital and largest city of Uruguay.It is headquarters to most Uruguayan banks and other financial institutions, plus has the Montevideo Stock Exchange (with the Top 150 Index).  Similarly, the city and its region has most of the industries in Uruguay, including Heavy manufacturing as well as High-tech.  Some workers are attracted to Uruguay, mostly from lower-income countries in South America.Uruguay, including Montevideo, is also a major offshore financial centre, owing to greater financial and political stability in Uruguay than anywhere else on the continent except Argentina, plus more honest financial dealings than even Argentina … Continue Reading

Frankfurt am Main is the most international city situated in Germany, the biggest financial centre on the continent, the historical city of coronations, the city of Goethe and the Frankfurt School of Finance & Management. The  financial centre of Frankfurt is crucially important for the economic strength of the state, for preserving and generating new and superior qualified jobs, for the quality of the city and generally for ensuring the entire region’s ability to survive into the Future.

Frankfurt is the financial centre of Europe’s largest economy. It is home to most of the players in the financial sector, such … Continue Reading

Tokyo, formally Tokyo Metropolis ,is one of the 47 prefectures of Japan.Tokyo is one of the three world finance “command centres”, along with New York City and London. Tokyo has the largest metropolitan economy in the world.

A major economic power,Japan has the world’s second largest economy by nominal GDP. It is a member of the United Nations, G8, G4, OECD and APEC, with the world’s fifth largest defense budget. It is also the world’s fourth largest exporter and sixth largest importer and a world leader in technology and machinery.
Japan’s economy is characterized by Low overall taxation … Continue Reading

Zurich is the largest city in Switzerland and capital of the canton of Zürich. The city is Switzerland’s main commercial and cultural centre (the political capital of Switzerland being Bern), and is widely considered to be one of the world’s global cities.

Zurich, as a financial centre, has a High significance in terms of employment and real net output compared with the financial centers of New York, London, Frankfurt and Paris for their regions. The outstanding importance of the city as a financial centre gives a considerable boost to Zurich’s economy as a whole. Public finances also benefit … Continue Reading

Hong Kong is the world’s 11th largest trading economy, one of the world’s four largest gold markets, the world’s 6th largest foreign Exchange market, the world’s 15th largest banking centre, and Asia’s 2nd biggest stock market. Banking transactions Volume are among the highest in the world in 2006.Hong Kong has 202 foreign-owned licensed banks, restricted licence banks, Deposit-taking companies and representative offices from 30 countries as at end of 2006. There are 181 foreign banks in Hong Kong with 69 of the world’s top 100 banks are present in Hong Kong.

The rule of law upheld by an … Continue Reading

Geneva is proud of its banking tradition, which has placed it as the world reference in asset management, and a significant actor in the trade finance business.The Geneva Financial Center applies its competences and knowledge towards reinforcing and developing the Geneva Financial Center. To achieve this, it promotes the image of excellence that belongs to Geneva’s financial establishments both within Switzerland and abroad.Through its communication, it underlines its desire to build opportunities for interaction and dialogue with the general public, the media, public authorities and economic partners.

The Center works on improving and reinforcing the knowledge and competences of the banking … Continue Reading

The British Virgin Islands (BVI) are a group of islands located about sixty miles due east of Puerto Rico. The British Virgin Islands is by far the most popular jurisdiction in the world for International Business Companies (IBCs).

The BVI territory has been a true phenomenon for the establishment of offshore companies in recent years. It has rapidly become the premier offshore corporate Domicile with more than 300,000 International Business Companies (IBCs) registered.

Financial Background

Essentially, a modern IBC( an International Business Company ) is a private Corporation which is exempt from Tax, suitable for virtually any international business … Continue Reading

Luxembourg has become one of the world’s leading financial centres through its know-how and its Long and rich experience.Luxembourg’s financial centre has taken full advantage of the country’s political and social stability and its favourable legal framework.Luxembourg is a key international financial centre, ranked seventh among the largest financial centers in the world with more than 156 banks and characterized by its maturity, innovativeness and adaptability.

Luxembourg is a constitutional monarchy with Long standing and well established democratic institutions. The situation of the country at an economic and cultural crossroad at the heart of Europe is considered as a … Continue Reading