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Offshore Centers Gain Rank In Latest Global Index

by Mike Godfrey, Lowtax.net, Washington
27 March, 2015

New York, London, Hong Kong, and Singapore have again topped the latest biannual Global Financial Centers Index compiled by Z/Yen.

The rankings of leading offshore centers, such as Jersey and Guernsey, improved significantly compared with the previous report from September 2014.

The GFCI, which this time surveyed 3,527 persons, measures the competitiveness of financial centers based on the business and tax environment, human capital, infrastructure, reputation, and market access. In the latest ranking, New York retained its lead with a rating of 778 – one point ahead of London, which was dethroned by New York in March last year.

The British Virgin Islands was the highest rated offshore center in 34th place, followed by the Cayman Islands (39th), Bermuda (41st), Gibraltar (45th), Jersey (54th), Guernsey (55th), the Isle of Man (58th), Mauritius (68th), the Bahamas (69th), Malta (71st), and Cyprus (79th).

The order remained similar to the previous period with notably stronger performances only from the Cayman Islands and Bermuda, who both moved up more than ten places since the last report.

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