LEVEL OF BENEFIT FROM FINANCIAL LEASING IN SMES IN THE INDUSTRIAL SECTOR

Financial leasing is the name given to the process that provides the right of use of a movable or immovable property to the lessee within the specified dates in return for a price. This period of use may cover the entire life of the property or a certain part of it. Leasing, which has more than one type, allows businesses not to spend all of their capital on a particular property, but instead to obtain the right to use the property needed at lower amounts. Leasing allows the leasing company to fulfill many of the obligations that would arise when the business purchases the property it needs in advance. Thus, while the enterprise obtains the right to use the property it needs with low amounts, it also avoids complex and costly procedures. The now more common types of leasing began to emerge in the United States in the 1952s, and this new type of financial service grew rapidly in its advantages. The first financial leasing companies in Western Europe were established in the late 1950s and early 1960s. However, the unclear status of leasing transactions in tax and civil legislation prevented development. Only after leasing agreements were reflected in the tax legislation, the rate of development of leasing operations increased, and in the 80s their number was about 40. Since the 60s, leasing operations began to develop in the Asian continent. Currently, the main part of the world market for leasing services is concentrated in the "USA - Western Europe - Japan" triangle. In Western Europe, specialized leasing companies managed by the bank and its subsidiaries act as lessors.