Eileen Sharpe of IDA Ireland gave her speech at the Cork China Business Summit in Cork, 13 July as part of Asia Business Week Ireland 2015.

1. 13 July 2015
City Hall, Cork
Attracting Blue Chip Chinese Firms
to Set Up a European Base in Ireland
Eileen Sharpe
Head of High Growth Markets, IDA, Enterprise Ireland

2. Attracting Blue Chip Chinese Firms to
Establish a European Base in Ireland.
Eileen Sharpe, Head of Growth Markets, IDA
13th July 2015

3. 3
• IDA Ireland: Mission, Values and Strategy
• IDA Ireland and China
• What Ireland Offers Chinese Investors

4. IDA Ireland Mission,
Values and Strategy
4

5. Mission
IDA Ireland partners with
multinational companies to win and
develop foreign direct investment,
providing jobs for the economic and
social benefit of Ireland.
Vision
IDA, for the benefit of the people of
Ireland, will be the best and most
successful Investment Promotion and
Development Agency in the world.
5

6. IDA Ireland Targets
2015-2019
6
900
Investments
80,000
New Jobs
209,000
FDI
Employment by
2019

7. Winning in the Regions
7
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

9. Austin
Beijing
IDA Ireland Overseas Offices

10. 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

11. c. 1,000+ IDA Supported Companies: 153,000 Jobs
Novell
Ireland: Home to Global Players

12. IDA Ireland and China
12

13. €8bn1979 9%Initial Forging Bilateral Trade 2013 Growth
Diplomatic ties between
China & Ireland
Between Ireland and China In Irish exports to China in
the past year
19Chinese Investments
In Ireland to date
2015
13

14. May 2015– Chinese Premier Li Keqiang Visits Ireland
2015
14

15. Beijing
Shanghai
Shenzhen
Chinese Office Locations
15

16. 16
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

17. A Snap Shot of Chinese Investments in Ireland
17

18. What Ireland Offers
Chinese Investors
18

19. Ireland’s
offering to
Chinese
companies
Access to
over 500
million
customers
in Europe
English
speaking
Permit and
Visa System
in place
Young,
highly
educated,
hard
working
people
Pro Business
Government
Low
corporate
tax
19

20. 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*
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

22. Thank You
谢谢
22