FIT corporate Canada 2016
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Transcript of FIT corporate Canada 2016
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FLANDERS: NEVER JUDGE A REGION BY ITS SIZE
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Facts about Belgium and Flanders1
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Facts about Belgium and Flanders• Independence in 1830, constitutional monarchy• Federal state with regions & communities • Population: 6.3 mio (11 mio)• Area: 13,522 km² (30,528 km²)• Capital: Brussels (Brussels)• Official languages: Dutch, French & German• GDP: 202.5 bn € (368.9 bn €)• > Ireland, Austria, Finland, Hong Kong, Singapore
• GDP/capita: 32,300 € (Canada slightly higher)
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Bilateral trade Canada - Belgium2
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Trade Canada – Belgium (bn €)
Exports from Belgium to
CanadaExports from Canada
to Belgium
0.000
0.500
1.000
1.500
2.000
2.500
3.000
201120122013201420152016 (Jan-May)
Source: ACE
90.15% of Belgian exports to Canada = from Flanders!
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Doing business is a driving force of the Flemish economy!
“Flanders is a super trading economy” Paul Krugman
2008 Nobel Prize economist winner
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Why is investing in Flanders attractive for Canadian companies?1
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10 good reasons to invest in Flanders• Central location at the heart of Europe!
• ‘Golden Banana’: 60% of buying power withina 500 km radius;
• Brussels: home to EU & NATO.
• Outstanding transport infrastructure• Multimodal platforms: seaports, airports, road, railroad
& inland waterway networks;• Highest density of EDC’s: > 400 in Flanders.
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10 good reasons to invest in Flanders• Globally recognized human capital
• Productivity index high in comparison with neigbouring countries or Japan and USA (IMD World Competitiveness Yearbook);
• High-performance education system.
• High quality of life for expats• Excellent healthcare & education;• Social fibre & open minded people;• Cultural diversity.
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10 good reasons to invest in Flanders• Series of tax benefits and fiscal incentives!
• From Belgian government:• Notional Interest Deduction• Innovative Income Deduction• Investment Deduction• Salary withholding tax exemption for researchers• Salary withholding tax exemption for night & shift work for blue collar workers
• From Flemish government:• Cash grants for strategic transformation aid• Support for ecological investments• R&D project aid• SME portfolio
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10 good reasons to invest in Flanders• Tax Rulings by MinEco• Advance ruling valid for 5 years• Possibility to renew 5 years
• Canada – Belgium Income Tax Convention• Replaced treaty signed in 1975;• In force since Oct 2004.
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Which sectors?Sustainable growth for major industries!• Logistics• Automotive• Chemicals & Plastics• Food & Lifestyle• Life Sciences & Biotech• ICT• Environmental & Clean Technologies• …
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Why invest in Flanders?• Assemble or add value to your product in EU? • Or manufacture in Europe?
Existing eco-systemLocal suppliersLocal customers
Thriving clustersLogistics (www.vil.be)Food (www.flandersfood.be)Bike (www.flandersbikevalley.be)Chemicals (www.essenscia.be)Life Sciences & Pharma (www.flandersbio.be)Etc.
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Why invest in Flanders? Existing R&D centers
Life Sciences (www.vib.be)Digital technologies (www.iminds.be)Nano Electronics & Nanotechnology
(www.imec.be)Technological industry (www.vito.be)Advanced manufacturing (www.flandersmake.be)Textiles (www.centexbel.be)Etc.
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Contact us today!Professional support in setting up your operations
• Dedicated project manager in Vancouver for Western Canada & in Brussels
• Free & confidential advice• Organisation of site visits• …
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Join these Canadian Investors in Flanders!
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Neil BelenkieInvest Representative in Western Canada
Tel 604 839 5313 [email protected] – www.investinflanders.be