Your SlideShare is downloading. ×
Ida ireland-sic-2011
Upcoming SlideShare
Loading in...5

Thanks for flagging this SlideShare!

Oops! An error has occurred.

Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Ida ireland-sic-2011


Published on

Published in: Business, Travel

  • Be the first to comment

  • Be the first to like this

No Downloads
Total Views
On Slideshare
From Embeds
Number of Embeds
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

No notes for slide


  • 1. European Expansion‘Ireland – Your platform’John kilmartinEmerging Technologies & High Growth CompaniesIDA IrelandNovember 2011
  • 2. 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
  • 3. 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)
  • 4. World Leaders Choose Ireland... 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 Capitalof Europe KEY FDI IMPACTS ON THE IRISH ECONOMY- €110 BN Exports- 240,000 Jobs in Total- 50% of Corporation Tax- €19 BN Expenditure- €7 BN Payroll- 73% of Business RD&I expenditure gh
  • 5. Sample US Investments over the past 12 months First Time Re-investments
  • 6. Local companies in Ireland
  • 7. Why Ireland? Flexibility of labour law Constant versus continental Skills Part of the EU and the Euro zone Reinvestment Europe Availability by with business Multinational Clients and technical support Barrier-free access to over 500 million consumers in Europe National Strategy & Foresight Productivity and strong Young, highly educated, flexible, green agenda & work ethic of Irish staff mobile workforce (Median age of the convergence population is 35, the lowest in the EU) Multinational Low corporation tax rate, - 12.5% Experience in Ireland AdaptabilityExcellentmultilingual of Irish staff when faced Export orientated, open economyavailability with new challenges Pro-enterprise focus Pro-business Sensible Labour Laws Ease of Environment Doing excellent IP Business protection and low CTR Impeccable track record for One of the Ease of Global attracting Foreign Direct Investment Communications Most (language & time Globalised Economies in the World difference and telecoms English Speaking / Cultural Fit infrastructure)
  • 8. Typical Activities in Ireland EMEA HQ Operations Shared Services and FinanceSales/Marketing and Customer Support Research and Development
  • 9. How IDA Ireland can help 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
  • 10. Thank You
  • 11. 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
  • 12. 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)