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INVEST IN BELGIUM Invest in Belgium 1. INVEST IN BELGIUM Springboard for a pan-European development 2 Global gateway to key markets/Ideal test market.

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Presentation on theme: "INVEST IN BELGIUM Invest in Belgium 1. INVEST IN BELGIUM Springboard for a pan-European development 2 Global gateway to key markets/Ideal test market."— Presentation transcript:

1 INVEST IN BELGIUM Invest in Belgium 1

2 INVEST IN BELGIUM Springboard for a pan-European development 2 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

3 INVEST IN BELGIUM Belgium in the centre of the market 75 % of the EU Market (GDP) 40 % of the consumers 3

4 INVEST IN BELGIUM 11 million inhabitants Official languages: French, Dutch, German Independent since 1830 Federal state since 1981 Head of state: King Philippe Capital: Brussels 4 Belgium in the centre of the market

5 INVEST IN BELGIUM 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 Importation 83% GDP Exportation 84% GDP Source : The World Bank 5

6 INVEST IN BELGIUM 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

7 INVEST IN BELGIUM Springboard for a pan-European development 7 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

8 INVEST IN BELGIUM Developed road and railway networks Belgium has the densest road network in the world Roads Density of network, km per square km Railroads Density of network, km per square km 8 Paris – 1 hour 20 London – 1 hour 55 Amsterdam – 1 hour 55 Cologne – 1 hour 47 Frankfurt – 3 hour 19 connections / day16 connections / day10 connections / day9 connections / day 4 connections / day

9 INVEST IN BELGIUM 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 9

10 INVEST IN BELGIUM Belgian airports Europe and the world in a flap of wings Brussels South Charleroi Airport (Cargo airport) 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) 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 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 10 Number of passengers/Million Annual tonnage evolution

11 INVEST IN BELGIUM Belgian Seaports Port of Antwerp 2nd largest port in Europe N°1 chemical port (BASF, Dow, Bayer, …) Port of Zeebruge High end deep sea port in Flanders European hub port for automative industry (new cars) Port of Ostend Fast growing ro-ro port Important role in the realisation of a European short sea container network Port of Ghent Versatile port for distribution to Belgium and Northern half of France Largest recycling paper plant in the world 11

12 INVEST IN BELGIUM 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 Charleroi Direct canals connections to Brussels and Antwerp Port of Namur Junction between East & West Inland Ports Port of Meerhout Container Terminal nearby Antwerp Port of Genk TriModal Platform Water-Rail-Road 12

13 INVEST IN BELGIUM Springboard for a pan-European development 13 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

14 INVEST IN BELGIUM Brussels, International government capital European Institutions European Commission European Council European Parliament Committee of the Regions European Economic and Social Committee Highest Concentration of Diplomatic Missions NATO headquarters 1500 International Professional Federations Representation of most European Political Parties and Regions 14 Major multinationals have their decision center in Belgium: Approximately 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) diplomats, lobbyists and international press members

15 INVEST IN BELGIUM Springboard for a pan-European development 15 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

16 INVEST IN BELGIUM Education & skills University Education For information : India5,58 Russia3,9 Brazil 3,7 China4,4 Sources : University Education (IMD World Competitiveness Yearbook 2012) Language Skills For information : India7,35 China4,37 Russia 4,06 Language skills (IMD World Competitiveness Yearbook 2012) 16

17 INVEST IN BELGIUM Labor market Global Productivity Index Sources : Conference Board 2012 Salary Cost (US $- for a Director) Countries with high productivity GDP/worked hour Total base salary plus bonuses and long- term incentives, US $ Sources : IMD World Competitiveness Yearbook

18 INVEST IN BELGIUM Research & Development Ranking Availability of latest technology Capacity for innovation Quality of scientific research institutions Availability of scientists and engineers Belgium Netherlands48824 Germany France UK6123 Source: World Economic Forum 18

19 INVEST IN BELGIUM Springboard for a pan-European development 19 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

20 INVEST IN BELGIUM Cost-effective office market Source : Cushman & Wakefield, Office Space Across the World 2013 Office (prime rent location) Total Occupancy Cost euro/m2/year 20

21 INVEST IN BELGIUM Industrial areas Source : Cushman & Wakefield, Office Space Across the World 2011 Warehouse /m2/year 21

22 INVEST IN BELGIUM Springboard for a pan-European development 22 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 Corporate Tax Rate Support to R&D Incentives High quality of life

23 INVEST IN BELGIUM Effective (Average) Corporate Tax Rate (ECTR) Sources : ZEW, Centre for European Economic Research, Manheim Effect Tax Levels – Final Report 2012 Especially in Belgium, the ECTR is considerably below statutory tax rates (-7,7%) 23

24 INVEST IN BELGIUM Cost-effective tax regime Tax incentive for risk capital : Notional Interest Deduction Principle Companies are allowed to deduct a fictitious interest calculated on the basis of their shareholders equity Consequences Reduced effective tax rate 24

25 INVEST IN BELGIUM Cost-effective tax regime Fiscal Ruling Principle 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 Consequences Confidence to invest Legally binding & accurate forecast Scope of applications Corporate tax, individuals tax, customs, VAT, etc. 25

26 INVEST IN BELGIUM Cost-effective tax regime Foreign executive status For the EMPLOYEE Exclusion of days performed outside Belgium Tax free allowances (relating to extra costs resulting from the Belgian employment) For the EMPLOYER Reduction of employment cost for expats 26

27 INVEST IN BELGIUM 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 ! 27

28 INVEST IN BELGIUM Incentives Belgium 1. Investment Incentives Calculated, as a percentage, on the purchase of : Building New equipment Intangible investments (patents, licenses, technical expertise whether patented or not) Calculation of the grant is based on various criteria : Sector of activity Size : Large company or SME Employment creation Geographical area (in or out the investments zones) Belgium 2. Research & Development Support Subsidy for Basic Industrial Research : 50% (up to 70% for SMEs) Advanced Loan for Applied Research : 50% (up to 70% for SMEs) Tax Incentives for R&D 3. Employment Incentives Recruitment Training 28

29 INVEST IN BELGIUM 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 Source: IMD World Competitiveness Yearbook

30 INVEST IN BELGIUM Springboard for a pan-European development 30 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

31 INVEST IN BELGIUM An open country for expats 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 31

32 INVEST IN BELGIUM 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 Quality of living index NY = 100 In a cost of living survey of 50 cities worldwide, Brussels is far more affordable than many major cities Sources : Mercer Human Resource Consulting, Source: Mercer Human Resource Consulting, 2011.

33 INVEST IN BELGIUM Brussels High quality of life at a reasonable cost Source: The Global Property Guide, Rental Yields, 2012 Average rent in urban location (appartment 120m 2 ) 33

34 INVEST IN BELGIUM Our services Tax and legal information Company registration Build up local high level network Prospection of an office or a site Funding & public financial support Guidance to public bodies Recruitment & employment legislation Sectoral expertise & market intelligence Technological transnational partnerships We can bring support in the following areas: 34

35 INVEST IN BELGIUM For further information Flanders Investment & Trade Gaucheretstraat Brussels - T : F : Wallonia Export & Investment Agency Office For Foreign Investors Avenue des Dessus de Lives Namur-Loyers - T : F : Brussels Invest & Export c/o Ministry of Brussels-Capital Region Avenue Louise Brussels – T : F : The Liaison Cel Federal Public Service Economy Contact person: Mrs Colette Vanstraelen T :


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