Asia Matters

Ireland China Business Summit

8 July 2015Radisson Blu Royal Hotel, Dublin

‘The Role of Twin Cities in Driving Business Partnerships’

8 July 2015Radisson Blu Royal Hotel, Dublin

Attracting Blue-Chip Chinese Firms Set Up a European Base in Ireland

Eileen SharpeDirector of High Growth Markets, IDA Ireland

Attracting Blue Chip Chinese Firms to Establish a European Base in Ireland. 

Eileen Sharpe, Head of Growth Markets, IDA8 July 2015

4

• IDA Ireland: Mission, Values and Strategy

• IDA Ireland and China

• What Ireland Offers Chinese Investors

IDA Ireland Mission, Values and Strategy

5

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.

6

IDA Ireland Targets2015-2019

7

900 Investments 80,000 New Jobs

209,000 FDI

Employment by 2019

Austin

Beijing

IDA Ireland Overseas Offices

Key Sectors and Activities

10

Pharmaceuticals Medical Devices Technology Financial Services Engineering Food

Advanced Manufacturing

Services

High-Growth Companies

New Name Clients

New Sectors

Convergence

Winning in the Regions

11

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

c. 1,000+ IDA Supported Companies: 153,000 Jobs

Novell

Ireland: Home to Global Players

IDA Ireland and China

13

€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

514

May 2015– Chinese Premier Li Keqiang Visits Ireland 201

515

Beijing

Shanghai

Shenzhen

Chinese Office Locations

16

17

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

18

19

ICBC

ICBC Leasing is now managing €13 billion in assets from its International HQ in Dublin, representing roughly 135 aircraft.

Currently expanding asset classes under management to include ships, heavy equipment and other assets

Huawei

R&D Centres in Dublin, Cork and Athlone

Total employment in Ireland to reach 120 by end of 2015

Notable Chinese Investments in Ireland

What Ireland Offers Chinese Investors

20

21

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

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

Ireland voted as ‘best country for business’ - *Forbes 2013*

23

Thank You谢谢

24