The Financial Center Frankfurt
Frankfurt is one of the world’s most important financial centers and the gateway to Europe’s largest economy. Around 63,000 people work here in approximately 200 financial institutions, more than three quarters of which are foreign.
According to the ranking of the Global Financial Centres Index (GFCI), Frankfurt is, therefore, the euro zone’s number two financial center. Within the European Union, Frankfurt is the third largest financial center. As the seat of the European Central Bank (ECB) and the German Central Bank (Bundesbank), this traditional trade fair and trading center has international relevance in terms of monetary and foreign exchange policies. With the European Insurance and Occupational Pensions Authority (EIOPA), the European Systemic Risk Board (ESRB), the Federal Financial Supervisory Authority (BaFin) and, in the future, the Single Supervisory Mechanism (SSM) inside the ECB, the financial center has also international relevance in terms of oversight.
The Financial Center Frankfurt features the ideal prerequisites to expand on its leading position in continental Europe: with one of the continent’s largest airports, the city offers outstanding infrastructure by international standards. In addition, the House of Finance, where approximately 200 economists and scientists work and research capital market issues, is setting new standards.
One of the key activities of the Hessian Government is to strengthen Frankfurt’s position as a financial center. The Frankfurt Financial Center Service Point, created in 2003, provided the first central hub for all financial center participants and their employees.
The Service Point Financial Center Frankfurt is the ideal point of contact for all matters relating to:
- the clarification of any tax law related issues of the financial institutions;
- fundamental issues relating to the financial center which should be taken up with the Hessian government;
- problems of a practical nature.
We will expertly assist you either directly or as an intermediary.
Furthermore, the connection between the Service Point and the Ministry of Finance guarantees direct contact with the political leadership of the Federal State. We, therefore, invite you to consider the Service Point as a communication platform between the financial center and the government.