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

1 2 3 4

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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