ida ireland-sic-2011
TRANSCRIPT
John kilmartinEmerging Technologies & High Growth Companies
IDA Ireland
November 2011
European Expansion
‘Ireland – Your platform’
Typical Trigger Points for European Expansion
• Accessing European customer base (Over 500m)
• Access a new talent pool
• International Revenues reach a certain point
• Tax benefits
• Customer Service Issues
– Latency Issues – Near-shore presence required
– Supporting multi-national clients
• Data Protection
• EU Accreditation – CE Mark
• Access to EU research funding and/or development programs
• Impending significant liquidity event
Location selection – ‘What to Consider’
• Access to a new/existing customers and markets
• Labour Force
• Employment Costs
• Tax rate
• Business incentives
• Ease of operation
• Regulatory/tax filing requirements
• Translation fees
• Distribution Networks
• Person sitting next to CEO in 1st class on recent flight
– Source: DLA Piper, Sept 2011
(Culture, Labour Laws, Euro, Track record of other companies)
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KEY FDI IMPACTS ON THE IRISH ECONOMY
WORLD LEADERS CHOOSE IRELAND
- Top 5 ‘Born on the Internet’ companies - 8 of the top 10 in ICT - 8 of the top 10 in Pharmaceuticals - 15 of the top 25 in Medical Devices - More than 50% of the world’s leading
Financial Services firms-Ireland fast becoming the Internet Capital of Europe
- €110 BN Exports- 240,000 Jobs in Total- 50% of Corporation Tax- €19 BN Expenditure- €7 BN Payroll- 73% of Business RD&I expenditure
World Leaders Choose Ireland...
First Time Re-investments
Sample US Investments over the past 12 months
Why Ireland?
Multinational Experience in Ireland
Flexibility of labour law
versus continental
EuropeSkills
Availability with business and technical
support
Productivity and strong
work ethic of Irish staff
Adaptabilityof Irish staff when faced
with new challenges
Pro-business Environment excellent IP
protection and low CTR
Ease of Global Communications (language & time
difference and telecoms
infrastructure)
One of the Most
Globalised Economies in the World
Ease of Doing
Business
Excellent multilingual availability
National Strategy & Foresight
green agenda &
convergence
Constant Reinvestment
by Multinational
Clients
Part of the EU and the Euro zone
Barrier-free access to over 500
million consumers in Europe
Young, highly educated, flexible,
mobile workforce (Median age of the
population is 35, the lowest in the EU)
Low corporation tax rate, - 12.5%
Export orientated, open economy
Pro-enterprise focus
Sensible Labour Laws
Impeccable track record for
attracting Foreign Direct Investment
English Speaking / Cultural Fit
EMEA HQ Operations Shared Services and Finance
Sales/Marketing and Customer Support Research and Development
Typical Activities in Ireland
Help Companies with due diligence / investment decision Information provision
Introductions to similar companies to assess their experience
Support companies during the set up phase Property Solutions / Use of IDA offices space for start-up phase /
interviews etc
Financial Incentive packages for investing companies
Endorsement of Visa Applications
Advice on Recruitment Strategies / Tax / Business structures
Introduction to key companies, stakeholders, local business community
Support for relocating employees
Ongoing support Financial incentive packages for expansions
R&D investment support
Introductions to academic research expertise
How IDA Ireland can help
Thank You
Contact:
or
www.idaireland.com
World Competitiveness Rankings
IRELAND’S POSITION IN THE WORLD
1st for real corporate taxes 1st for business legislation for foreign investors 1st for investment incentives for foreign investors 1st for availability of skilled labour 2nd for immigration laws 3rd for availability of finance skills 4th for labour productivity 5th for Human Development Index (economic, social & educational)
Source: IMD World Competitiveness Yearbook 2011
• IBM Global Location Trends Report - Number 1 for FDI per 100,000 population• National Irish Bank / FDI Intelligence - Ireland 2nd most attractive country
globally for FDI
Ireland, A Great Place to Invest....
Ireland ranks 1st in Euro Zone of best countries to do business
(Forbes 2010)
Ireland ranks 1st in Europe for competitive locations for R&D
investment (Mazars Global Review 2010)
Ireland ranks 1st in World per capita employment from FDI
(Global Location Trends 2010)
Ireland ranks 1st in World for most-highly employable
graduates ( EU Com. 2010)