13 July 2015City Hall, Cork
Attracting Blue Chip Chinese Firms to Set Up a European Base in Ireland
Eileen SharpeHead of High Growth Markets, IDA, Enterprise Ireland
Attracting Blue Chip Chinese Firms to Establish a European Base in Ireland.
Eileen Sharpe, Head of Growth Markets, IDA13th July 2015
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• IDA Ireland: Mission, Values and Strategy
• IDA Ireland and China
• What Ireland Offers Chinese Investors
IDA Ireland Mission, Values and Strategy
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MissionIDA Ireland partners with multinational companies to win and develop foreign direct investment, providing jobs for the economic and social benefit of Ireland.
VisionIDA, for the benefit of the people of Ireland, will be the best and most successful Investment Promotion and Development Agency in the world.
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IDA Ireland Targets2015-2019
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900 Investments 80,000 New Jobs
209,000 FDI
Employment by 2019
Winning in the Regions
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Targets;A minimum increase in investment of 30% to 40% in each region outside Dublin Dublin to achieve the same high level of investment
Supported by;€150m property investment portfolio
Aligning IDA business sectors with regions’ strengths
Focusing on regional urban centres which can act as key attractors of investment
Strengthening IDA’s regional footprint
Working with regional stakeholders through the Regional Action Plan process
Austin
Beijing
IDA Ireland Overseas Offices
Key Sectors and Activities
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Pharmaceuticals Medical Devices Technology Financial Services Engineering Food
Advanced Manufacturing
Services
High-Growth Companies
New Name Clients
New Sectors
Convergence
c. 1,000+ IDA Supported Companies: 153,000 Jobs
Novell
Ireland: Home to Global Players
IDA Ireland and China
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€8bn1979 9%Initial Forging Bilateral Trade 2013 GrowthDiplomatic ties between China & Ireland
Between Ireland and China In Irish exports to China in the past year
19Chinese InvestmentsIn Ireland to date
201
513
May 2015– Chinese Premier Li Keqiang Visits Ireland 201
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Beijing
Shanghai
Shenzhen
Chinese Office Locations
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Marketing Efforts
State and Ministerial Visits
High-Impact Marketing Visits
Targeted Marketing Materials
Dedicated Social Media Presence (e.g. Sina Weibo account)
Print Media Supplements
A Snap Shot of Chinese Investments in Ireland
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What Ireland Offers Chinese Investors
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Ireland’s offering to
Chinese companies
Access to over 500 million
customers in Europe
English speaking
Permit and Visa System
in placeYoung, highly
educated, hard working
people
Pro Business Government
Low corporate
tax
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IDA Support Offered To Client Companies
R&D Grant Aid (c.10 - 20%)
Employment Grant Aid
R&D Tax Credit (25%)
Property & Office Solutions
Introductions to Universities &
Research Centre
Introduction to Peers & Other
Companies
Continuous "After Care”
support
Assistance with VISA’s / Work
Permits
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5 6 7 8
Ireland voted as ‘best country for business’ - *Forbes 2013*
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Favourable Tax Environment- Particularly Strong Offering for Chinese Companies
Current rate of 12.5% amongst the lowest in the EU
Ireland’s extensive double taxation treaty network with treaties with 72 countries, of which 68 are currently in force, and negotiations for new treaties are on-going with a further 18 countries.
Ireland has signed an excellent double taxation treaty with China
Withholding Tax 0%
Capital Gains Tax 0%
Research and development tax incentives (25% Tax Credit)
Ongoing Development of Knowledge Development Box
Thank You谢谢
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