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Ida ireland-sic-2011

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  • 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 Contact:John.Kilmartin@ida.ie orDeirdre.Moran@ida.ie www.idaireland.com
  • 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)

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