Financial Centre Frankfurt
© PIA Stadt Frankfurt am Main, Foto Tanja Schäfer.jpg
Being the seat of the European Central Bank (ECB) and the Deutsche Bundesbank, the central bank of Germany, this traditional city of trade fairs and commerce has international relevance in terms of monetary and foreign exchange policies. In addition, with the European Insurance and Occupational Pensions Authority (EIOPA), the European Systemic Risk Board (ESRB), the Federal Financial Supervisory Authority (BaFin) and the ECB’s Single Supervisory Mechanism (SSM), the financial hub of Frankfurt is of international importance in terms of financial regulation and supervision.
The Financial Centre Frankfurt features the ideal prerequisites to strengthen and expand its leading position in continental Europe, due to ideal framework conditions. With one of the continent’s largest airports, the city offers outstanding infrastructure by international standards. The House of Finance, where some 200 economists and scientists work and research capital market issues, is also setting 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 Financial Centre Frankfurt Service Point, created in 2003, provided the first central hub for all organisations based in Germany’s financial centre and their employees.
Today, the Service Point Financial Centre 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 Centre Frankfurt Service Point is complemented by the English-language website “GoFrankfurtTax” tailored to suit the tax information needs of employees.