Financial Center Frankfurt

Frankfurt is one of the world’s most important financial centres and the gateway to Europe’s largest economy. Approximately 63,000 people work here in some 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 centre.

© PIA Stadt Frankfurt am Main, Foto Tanja Schäfer.jpg

Skyline Frankfurt

Within the European Union, Frankfurt is the third largest financial centre. As the seat of the European Central Bank (ECB) and the Deutsche Bundesbank, the central bank of Germany, this traditional trade fair and trading centre 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 the Single Supervisory Mechanism (SSM) inside the ECB, the financial centre has also international relevance in terms of oversight.

The Financial Centre of Frankfurt features the ideal prerequisites to strengthen and 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 and is an asset of the financial centre.

For many years already, one of the key activities of the State of Hessen’s Government has been to strengthen Frankfurt’s position as a financial centre. The Frankfurt Financial Center Service Point, created in 2003, provided the first central hub for all financial centre participants and their employees.

Today, the Service Point Financial Center Frankfurt is the ideal point of contact and will assist financial institutions, either directly or as an intermediary, in all matters relating to the clarification of any tax law-related issues as well as issues of a practical nature.
Furthermore, the connection between the Service Point and the Ministry of Finance guarantees direct contact with the political leadership of the Federal State of Hessen. The Financial Center Frankfurt Service Point is now complemented by the English-language website “GoFrankfurtTax” tailored to suit the tax information needs of employees.