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===Businesses=== There were 451,000 businesses based in Sydney in 2011, including 48% of the top 500 companies in Australia and two-thirds of the regional headquarters of multinational corporations.<ref>{{cite web |publisher=Regional Development Australia |date=2010 |url=http://www.rdasydney.org.au/the-sydney-region/economic-profile/ |title=Economic profile |access-date=26 July 2014 |url-status=dead |archive-url=https://web.archive.org/web/20141016221054/http://www.rdasydney.org.au/the-sydney-region/economic-profile/ |archive-date=16 October 2014}}</ref> Global companies are attracted to the city in part because its time zone spans the closing of business in North America and the opening of business in Europe. Most foreign companies in Sydney maintain significant sales and service functions but comparably less production, research, and development capabilities.<ref>{{cite web |publisher=Australian Business Foundation |date=2009 |url=http://www.nswbusinesschamber.com.au/NSWBC/media/Misc/Ask%20Us%20How/Global-Connections-a-study-of-multinational-companies-in-Sydney.pdf |title=Global connections: a study of multinational companies in Sydney |access-date=26 July 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140826061145/http://www.nswbusinesschamber.com.au/NSWBC/media/Misc/Ask%20Us%20How/Global-Connections-a-study-of-multinational-companies-in-Sydney.pdf |archive-date=26 August 2014}}</ref> There are 283 multinational companies with regional offices in Sydney.<ref>{{cite web |publisher=Parliament of New South Wales |date=2000 |url=http://www.parliament.nsw.gov.au/prod/la/qala.nsf/0/ca25708400173f67ca25706c0022f5a5 |title=Multinational companies regional headquarters |access-date=26 July 2014 |archive-date=19 October 2014 |archive-url=https://web.archive.org/web/20141019002708/http://www.parliament.nsw.gov.au/prod/la/qala.nsf/0/ca25708400173f67ca25706c0022f5a5 |url-status=dead}}</ref>
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