Transcript Diapositive 1 - Invest in Wallonia

Invest in Belgium
INVEST IN BELGIUM
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Springboard for a pan-European development
Global gateway to key markets/Ideal test market
Accessibility from all Europe & Worldwide
International decision center
International talent pool and innovation centre
Competitive real estate
Advantageous business environment
High quality of life
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INVEST IN BELGIUM
Belgium in the centre of the market
75 %
of the EU
Market (GDP)
40 %
of the
consumers
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Belgium in the centre of the market
• 11 million inhabitants
• Official languages:
French, Dutch, German
• Independent since 1830
• Federal state since 1981
• Head of state:
King Philippe
• Capital: Brussels
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A perfect assessment market
• Gateway to European market
• Multi-cultural population
• European diversity challenge on a
small scale
• Belgium is 2nd in FDI Attraction
Index
Exportation
84% GDP
Importation
83% GDP
Source : The World Bank
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Successful test in Belgium = successful test in Europe
H&M maintains a pilot store in Belgium in order
to market-test all its newest clothing collections.
The Coca-Cola company has tested over 1,000
products in Belgium, including the well-received
Coca-Cola Light Sango cola and Fanta World
Mango product in 2006.
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Springboard for a pan-European development
Global gateway to key markets/Ideal test market
Accessibility from all Europe & Worldwide
International decision center
International talent pool and innovation centre
Competitive real estate
Advantageous business environment
High quality of life
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INVEST IN BELGIUM
Developed road and railway networks
Belgium has the densest road network in the world
Roads
Railroads
Density of network, km per square km
Belgium
5.04
Netherlands
Belgium
0.12
5
Germany
Singapore
0.09
4.74
Japan
Luxembourg
Density of network, km per square km
3.18
Netherlands
0.07
UK
0.07
2.2
Hungary
2.1
Slovenia
1.93
Hong Kong
1.88
France
1.73
Switzerland
1.73
France
0.06
Japan
USA
0.05
0.02
Paris – 1 hour 20
London – 1 hour 55
Amsterdam – 1 hour 55
Cologne – 1 hour 47
Frankfurt – 3 hour
19 connections / day
16 connections / day
10 connections / day
9 connections / day
4 connections / day
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Belgian airports
Europe and the world in a flap of wings
Brussels Airport
• International crossroads connecting the capital of Europe with the world
• Landing of most long-haul international flights with connections from major hub such as
London, Amsterdam and Frankfurt , 2 daily flights to New-York and
daily services to Toronto, Mumbai and Delhi
• Cargo hub in the heart of Europe
• Awarded “ Best Airport in Europe” (2012) by Airport Council International
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Brussels South Charleroi Airport (Cargo airport)
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200 ha Business park : “Aeropole”
4Mio passengers in 2009 ; Aim 2010 : 5 Mio
Focussing on regular charter flights
Low cost flights & operations, high efficiency
Neighbouring Aero-Industries test base
Liege Airport (Cargo airport)
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Centre of Amsterdam - Paris – Frankfurt triangle
1st European Airport focussing on cargo
Operating 24/7
European hub of TNT-Express Worldwide
Low cost, extra fast & efficient operations
International Airport Ostend-Bruges
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Cargohub for Africa and Middle-East
Top facilities for perishables, outsourced cargo and livestock
EU veterinary inspection post
Charter flights on selected destinations
Flexible 24/7 airport operations
Fast turnarounds
Runway 3200 m/10500 ft
Annual tonnage evolution
Europe and the world in a flap of wings
Number of passengers/Million
Belgian airports
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Belgian Seaports
Port of Antwerp
• 2nd largest port in Europe
• N°1 chemical port (BASF, Dow, Bayer, …)
Port of Ghent
• Versatile port for distribution to Belgium and
Northern half of France
• Largest recycling paper plant in the world
Port of Ostend
• Fast growing ro-ro port
• Important role in the realisation of a European
short sea container network
Port of Zeebruge
• High end deep sea port in Flanders
• European hub port for automative industry (new cars)
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Belgian Inland Ports
Port of Brussels
• 6th largest inland port of Europe 2nd inland port of Belgium
Port of Liège
• 3rd largest in Europe
• Close to seaports of Antwerpen en Rotterdam
Port of Namur
• Junction between East & West Inland Ports
Port of Charleroi
• Direct canals connections to Brussels and Antwerp
Port of Meerhout
• Container Terminal nearby Antwerp
Port of Genk
• TriModal Platform Water-Rail-Road
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Springboard for a pan-European development
Global gateway to key markets/Ideal test market
Accessibility from all Europe & Worldwide
International decision center
International talent pool and innovation centre
Competitive real estate
Advantageous business environment
High quality of life
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INVEST IN BELGIUM
Brussels, International government capital
European Institutions
Highest Concentration of Diplomatic Missions
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• NATO headquarters
• 1500 International Professional Federations
• Representation of most European Political Parties and Regions
European Commission
European Council
European Parliament
Committee of the Regions
European Economic and Social Committee
Major multinationals have their decision center in Belgium:
• Approximately 2.300 foreign companies have set-up European HQ or sales
subsidiary in Belgium
• Brussels is the best conference city in Europe and the second best
conference city worldwide
(Source : UIA Conference Cities Ranking 2011)
• 5 000 diplomats, 15 000 lobbyists and 1 500 international press members
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Springboard for a pan-European development
Global gateway to key markets/Ideal test market
Accessibility from all Europe & Worldwide
International decision center
International talent pool and innovation centre
Competitive real estate
Advantageous business environment
High quality of life
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INVEST IN BELGIUM
Education & skills
University Education
Germany
7.57
Belgium
7.53
Netherlands
Language Skills
Netherlands
Belgium
7.5
Germany
7.22
7.06
USA
USA
4.4
UK
4.02
6.91
UK
6.26
France
France
Japan
8.32
5.77
3.89
3.3
For information :
India
Russia
Brazil
China
Sources : University Education (IMD World Competitiveness Yearbook 2012)
5,58
3,9
3,7
4,4
Japan
2.71
For information :
India
China
Russia
7,35
4,37
4,06
Language skills (IMD World Competitiveness Yearbook 2012)
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Labor market
Global Productivity Index
Salary Cost (US $- for a Director)
Countries with high productivity
GDP/worked hour
Total base salary plus bonuses and longterm incentives, US $
USA
63.27
USA
Belgium
61.85
Germany
Netherlands
60.74
Japan
France
58.93
Germany
UK
56.89
50.89
Sources : Conference Board 2012
264020
244390
Belgium
France
Netherlands
UK
Japan
309778
235364
226577
216732
188779
44.5
Sources : IMD World Competitiveness Yearbook 2012
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Research & Development
Ranking
Availability of
latest technology
Capacity for
innovation
Quality of scientific
research
institutions
Availability of
scientists and
engineers
Belgium
9
11
4
19
Netherlands
4
8
8
24
Germany
17
3
10
40
France
16
10
15
22
UK
6
12
3
12
Source: World Economic Forum
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Springboard for a pan-European development
Global gateway to key markets/Ideal test market
Accessibility from all Europe & Worldwide
International decision center
International talent pool and innovation centre
Competitive real estate
Advantageous business environment
High quality of life
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INVEST IN BELGIUM
Cost-effective office market
Office (prime rent location)
Brussels
405
Prague
415
Dublin
437
Madrid
439
Amsterdam
500
Munich
533
Milan
583
Stockholm
606
Geneva
729
Paris
915
London West-End
2137
0
500
1000
1500
2000
2500
Total Occupancy Cost euro/m2/year
Source : Cushman & Wakefield, Office Space Across the World 2013
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Industrial areas
Brussels
56.7
Madrid
79.2
Warsaw
85.38
Amsterdam Airport
95.02
Frankfurt
97.2
Dublin
101
Paris
123.58
London
235.43
0
50
100
150
200
250
Warehouse €/m2/year
Source : Cushman & Wakefield, Office Space Across the World 2011
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Springboard for a pan-European development
Global gateway to key markets/Ideal test market
Accessibility from all Europe & Worldwide
International decision center
International talent pool and innovation centre
Competitive real estate
Advantageous business environment
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Corporate Tax Rate
Support to R&D
Incentives
High quality of life
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Effective (Average) Corporate Tax Rate (ECTR)
Especially in Belgium, the ECTR is considerably below statutory tax rates (-7,7%)
45
NCTR (Nominal Corporate Tax Rate)
37.1
40
34
35
38.6
USA
Japan
31.3
31
30
37.9
25
24
25
20
15
10
5
0
Belgium
45
Netherlands
Germany
France
UK
40.1
ECTR (Effective Corporate Tax Rate)
40
36.5
34.2
35
30
Italy
26.3
27.5
28.2
Belgium
Netherlands
Germany
25.1
25.2
Italy
UK
25
20
15
10
5
0
France
USA
Japan
Sources : ZEW, Centre for European Economic Research, Manheim Effect Tax Levels – Final Report 2012
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Cost-effective tax regime
Tax incentive for risk capital : Notional Interest Deduction
Principle
Consequences
Companies are allowed to deduct a fictitious interest
calculated on the basis of their shareholders equity
Reduced effective tax rate
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Cost-effective tax regime
Fiscal Ruling
Principle
Consequences
Scope of
applications
The investor describes the facts to the tax administration,
allowing him to know, in advance, how the tax laws are to
be applied on a case by case basis
• Confidence to invest
• Legally binding & accurate forecast
Corporate tax, individuals tax, customs, VAT, etc.
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Cost-effective tax regime
Foreign executive status
For the
EMPLOYEE
For the
EMPLOYER
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Exclusion of days performed outside Belgium
Tax free allowances (relating to extra costs resulting
from the Belgian employment)
Reduction of employment cost for expat’s
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Research & Development
1. Patent income deduction
• Deduction of 80% of the income from patents from the taxable basis, resulting in an effective tax rate of maximum
6,8% on this income
2. Investment deduction
• Investment deduction for R&D related investments
• deduction of 14,5% on the investment value (in one shot)
• OR 21,5% on the annual depreciation (spread deduction)
3. Exemption from withholding tax on the remunerations of researchers
• Principle: the salary withholding tax is normally retained on the remunerations paid to the researcher, but only 25%
of the retained amount of tax must be paid to the tax administration (= extra financial means for the employer) →
75 % exemption of the withholding tax !
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Incentives
Belgium
1. Investment Incentives
Belgium
2. Research & Development Support
Calculated, as a percentage, on the purchase of :
• Subsidy for Basic Industrial Research : 50% (up to 70% for
SME’s)
• Building
• New equipment
• Intangible investments (patents, licenses, technical
expertise whether patented or not)
• Advanced Loan for Applied Research : 50% (up to 70% for
SME’s)
• Tax Incentives for R&D
Calculation of the grant is based on various criteria :
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Sector of activity
Size : Large company or SME
Employment creation
Geographical area (in or out the investments zones)
3. Employment Incentives
• Recruitment
• Training
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Ease in establishing a business
• Belgium ranks first among the EU27 countries for the fewest number of days
required for establishing a new business.
• On-line start-up possible
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28
25
19
20
15
15
13
10
5
6
6
Denmark
US
7
8
4
0
Belgium
France
Netherlands
UK
Germany
Luxembourg
Spain
Source: IMD World Competitiveness Yearbook 2012
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Springboard for a pan-European development
Global gateway to key markets/Ideal test market
Accessibility from all Europe & Worldwide
International decision center
International talent pool and innovation centre
Competitive real estate
Advantageous business environment
High quality of life
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An open country for expats
• 140.000 European foreigners live in
Brussels
• Life cost is cheaper than in most of the
other European capitals
• Wide range of international schools,
offering English, American and
Japanese programs
• High quality health care system
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Brussels
High quality of life at a reasonable cost
In a quality of living survey of 50 cities, Brussels
ranks 22th worldwide and 11th in the EU
In a cost of living survey of 50 cities worldwide,
Brussels is far more affordable than many major cities
107
106
105.7
105
105.4
105
1st 4th
104.8
9th 10th 12th
15th 18th
104
103
102
102.8
22th 25th
28th 31th
32th
101.6
101
100
100
99
98
97
Quality of living index
Source: Mercer Human Resource
Consulting, 2011.
NY = 100
Sources : Mercer Human Resource Consulting, 2012
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Brussels
High quality of life at a reasonable cost
Average rent in urban location (appartment 120m2)
6000
5284
Euro/Month
5000
4397
4000
3000
2000
2376
1438
1698
1862
1865
Frankfurt
Milan
Madrid
1000
0
Brussels
Amsterdam
Paris
London
Source: The Global Property Guide, Rental Yields, 2012
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Our services
We can bring support in the following areas:
• Tax and legal information
• Guidance to public bodies
• Company registration
• Recruitment & employment legislation
• Build up local high level network
• Sectoral expertise & market intelligence
• Prospection of an office or a site
• Technological transnational partnerships
• Funding & public financial support
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For further information
Flanders Investment & Trade
Brussels Invest & Export
Gaucheretstraat 90 - 1030 Brussels
c/o Ministry of Brussels-Capital Region
www.investinflanders.com - [email protected]
Avenue Louise 500 - 1050 Brussels
T : +32 2 504 87 11 - F : +32 2 504 88 99
www.investinbrussels.com – [email protected]
T : +32 2 800 40 00 - F : + 32 2 800 40 01
Wallonia Export & Investment Agency
Office For Foreign Investors
The Liaison Cel
Federal Public Service Economy
Avenue des Dessus de Lives 6 - 5101 Namur-Loyers
Contact person: Mrs Colette Vanstraelen
www.investinwallonia.be - [email protected]
[email protected]
T : +32 81 33 28 50 - F : +32 81 33 28 69
T : +32 2 277 72 82
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