Global Business: Facing The Challenges And Threats Ahead

The Year 2008 has been a fairly good year for global business, with new company set-ups reaching record level for GBL1 treaty-using companies and funds, surpassing for the first time the number of GBL2 companies created during the year. Until the collapse of the investment banking business in the US in October last, leading to the credit crunch and the massive redemption of global equity funds, global business was enjoying another bull year on the back of an all-time high in India inbound and outbound investments coupled with a commodities boom in Africa, generating financial transactions of increasing volume and sophistication for our jurisdiction.

The acquisition of the FSC of its brand-new ample Office Tower at the Cybercity in Ebene and the relocation of the major global banks and management companies into various owner-occupied and custom-designed Houses in the Ebene business park are hallmarks of a vibrant bullish sector looking to expand and ascend new