According to the survey where participated 800 industry professionals in the corporate services industry globally,Hong Kong has been ranked as the top international financial center in 2018.
Hong Kong offers a variety of financial products and services with vastly integrated institutions and markets. Its financial markets are highly liquid and operate within a set of effective and transparent regulatory standards. Hong Kong’s government works to maintain a stable and business-friendly environment, with no barriers to foreign business and no restrictions on capital flows.
The British Virgin Islands (BVI) and the UK are the next most popular jurisdictions followed by the US and Singapore. Recently it has been noticed a decline in demand for certain offshore jurisdictions such as the BVI and Cayman Islands due to uncertainty driven by the European Union. BVI recorded growth in new incorporation volumes, with 11.2% in the first nine months last year.Globally there has been an increase in demand for transparency due to the negative publicity towards offshore centers.