Transcript Doing business in Ontario: guidelines for Italian Companies
George Visintin President Italian Chamber of Commerce of Ontario Wednesday October 16, 2013
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Italian Chamber of Commerce of Ontario (ICCO)
Who we are:
A non-profit, Ontario-based business organization.
A consulting agent for a number of local and regional government agencies in Canada and Italy.
An advisor and broker to companies wishing to participate in public tenders in Canada, Italy and around the world.
An expert in planning trade delegations, researching industrial sectors and markets for investors.
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Italian Chamber of Commerce of Ontario (ICCO)
Who we are:
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A founding member of the Greater Toronto Business Alliance (Federation of Portuguese Business and Professionals, Indo-Canada Chamber of Commerce, Italian Chamber of Commerce of Ontario and Toronto Chinese Business Association).
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A co-founding member of the European Union Chambers of Commerce in Toronto (EUCOCIT
).
Why invest in Ontario?
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A solid and stable economy
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An integrated transportation system in North America and strong business relations with Asia and Europe
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Competitive business costs
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Talented and highly educated labour force
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Thriving R&D sector 4
Ontario: an important business destination
Canada is regarded as one of the best business destinations
Hong Kong Singapore Denmark Canada United Kingdom Netherlands Finland Switzerland Australia Ireland 7.67
7.59
7.55
7.46
7.88
7.84
7.82
7.76
8.54
8.49
Variables considered:
Economic fundamentals Regulatory barriers Ease of doing business Regulatory quality Rule of law
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Source: Milken Institute, March 2013
Ontario: an important business destination
Starting a business is easier in Canada… EASIEST
New Zealand Australia
CANADA
Singapore Macedonia Hong Kong Georgia Rwanda Belarus Ireland
RANK
1 2
3
4 5 6 7 8 9 10
Ranking is the average of the economy’s rankings on the procedures time cost paid-in minimum capital for starting a business.
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Source:
Doing Business
Database
Corporate Law in Ontario Key points
Ontario incorporated companies are required to have at least 25% of the Board composed of Canadian residents. Companies are required to have a minimum of one director Directors are subject to responsibilities under environmental, fiscal, health and safety, and labour regulations Companies can be opened in Ontario under the following form: a) Proprietorship b) Partnership c) Incorporation
Labour Law
Canadian federal and provincial labour regulations are among the most advanced in the world Labour regulations include: Employment standards Labour and Industrial relations Human rights Health and safety in the workplace Privacy Compensation and benefits
Italian companies in Ontario
ABRIGO AGREX S.p.a.
ALI GROUP S.p.A.
AUTOGRILL S.p.A.
BEGHELLI
Advanced Manufacturing Advanced Manufacturing Agrifood Agrifood Consumer Products Environment
BONFIGLIOLI RIDUTTORI S.p.A.
CALVI SpA CARAGLIO SRL Compes (C.O.M.P.E.S.) DYNAMIC TECHNOLOGIES ECOPACK S.p.A.
ELETTRONICASANTERNO FENZI SpA FERRARI Costruzioni Meccaniche Srl FERRERO GNUTTIS.p.A.
INGLASS ITALCEMENTSpA
9 Advanced Manufacturing Advanced Manufacturing Advanced Manufacturing Automotive Advanced Manufacturing Environment Construction Construction Agrifood Automotive Automotive Construction
Italian companies in Ontario
MAPEI S.p.A.
MOLLIFICIO SpA NEGRI BOSSI S.p.A.
OFFICINE MACCAFERRI S.p.a.
PARMALAT PEREGO PINES PFM S.p.A. PRYSMIAN CABLES and SYSTEM (formerly Pirelli & C. S.p.A.) RIELLO BRUCIATORI R.B.L. S.p.A
SALICE GROUP SpA SILFAB SOLGENIA ST MICROELECTRONICSSrl URMET TLC S.p.A.
UTIL INDUSTRIESS.p.A
Consumer Products Advanced Manufacturing Plastics Construction Agrifood Consumer Products Advanced Manufacturing Energy Advanced Manufacturing Consumer Products Forestry Products Environment ICT Advanced Manufacturing ICT Advanced Manufacturing
ICCO: A Launching Point
In the last few years ICCO has worked with several Italian companies:
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Abrigo – food packaging
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Elettronica Santerno (gruppo Carraro) – cleantech
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Ferrero – food
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Gnutti Carlo S. p. A. – industrial machinery
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Parmalat – food
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Perego – consumer goods
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Solgenia – ICT
ICCO: A Launching Point
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Tre O – costumized kitchens
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Argol-Villanova – logistics
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Planners One – architecture
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Fattoria Mazzalupo – food
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Siel S. p. A. – cleantech
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Quotidia S. p. A. – cleantech
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Reagiste Management – real estate
Doing Business in Ontario ICCO Services
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Represents several institutions and organizations (Desks): Bank of Sondrio, Unioncamere Veneto, CEIPiemonte, CCIAARoma
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Consultants for: City of Vaughan, City of Brampton, Greater Toronto Marketing Alliance (GTMA), Invest Toronto, Province of Ontario, City of Toronto.
Doing Business in Ontario ICCO Services
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Organizes conferences in Toronto and in Italy
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Breakfast seminars EU – Canada Economic partnership events Presentation of Made in Italy in various sectors Country presentations
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Coordinates business and trade events in Ontario for public institutions, Chambers of Commerce and other Italian organizations
Doing Business in Ontario ICCO Services
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Facilitates business missions: Link between Canadian professionals and Italian trade shows (Marmomacc, Vinitaly, Tuttofood etc)
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Organizes local events: Piazza Italia, Business Excellence Awards, Pentola D’Oro
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Track record of successfully concluding trade missions which generated business deals on both sides of the Atlantic.
Doing Business in Ontario ICCO Services
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Researching industrial sectors and markets for investors.
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Facilitating introductory contacts with representatives from government agencies and other business organization.
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Providing business contacts in Italy.
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Acting as an adviser and broker to companies wishing to participate in public tenders in Canada and Italy.
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Providing consulting services: opening a new business, legal regulations and more .
Doing Business in Ontario ICCO Virtual Office
New opportunities for business in Ontario
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To set up quickly an office in Toronto To have an office in downtown Toronto at affordable costs To get access to the ICCO’s network ICCO staff assistance and support
Vetrina ICCO A Promotional Display
Display window for company’s products
Promotion and continued exposure of the products to ICCO members and office visitors
Organization of promotional events every month in the Toronto community
ICCO Office Space
ICCO Calendar: Upcoming Events
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October 24-25 October 28-30 November 4 November 4-6 November 18-22 November 28 November 28 December 10 Agrifood Delegation Emilia Romagna Promos Digital and ICT Book Launch “Buon Appetito Toronto” Giovani Confindustria Cosenza GTMA in Italy Breakfast Seminar EU-Canada trade relations Invest Toronto in Milan ICCO Christmas Party
Contacts
Toronto Office Tel: 416-789-7169 [email protected]
Milan Office: Tel: 02-450-77-223 [email protected]
Rome Office Tel: 335-587-47-72 [email protected]