In Asuncion, the most important companies, businesses and investment groups are headquartered. The attractiveness of the city can be attributed to its easy going tax policies. Asunción has unrestrained taxes on the investments and movements of capital. In addition to this, the Asunción stock exchange traded up 485.7% in August 2012 relative to August 2011. There is also no income tax for investors in Bonds of Asunción Stock Exchange. Incentives like these attract significant foreign investment into the city. By many Latin American experts, Paraguay is tapped as one of the top three counties with the best investment climate in Latin America and the Caribbean as well it remains the most attractive nation of the hemisphere in doing business and is equipped with a series of legislations that protect strategic investments and guarantee a friendly environment for the development of large industrial plants and infrastructure projects. The city is the economic center of Paraguay, followed by Ciudad del Este and Encarnación.