welcome to stockholm! sergey baranov, stockholm region office in st. petersburg nevsky prospekt 1,...
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Welcome to Stockholm!
Sergey Baranov, Stockholm Region Office in St. PetersburgNevsky prospekt 1, St. Petersburg, Russia [email protected]+7 (812) 314 68 18
Stockholm Business Region Development at a glance
Background Official investment promotion agency of Stockholm region Fully owned by the City of Stockholm Responsible to 49 municipalities in the Stockholm region A subsidiary to Stockholm Business Region.
Staff 17 employees, sector specialists with business backgrounds Extensive regional and national network. Representation in EU and 5 countries (ISA).
Investor service Decision support, matchmaking and practical establishment
support free of charge.
Achievements Assisted in 830 investments since 1997
SBRD your point of contact for
Consolidating your business in the region Taking part in research cooperation Opening a regional sales office Considering an R&D center Setting up a production facility Establishing a regional headquarter Etc
Sweden and Stockholm in general
One of the ten largest economies in the world
Surce: Norden i tal 2009
GRP: € 130 billion Inhabitants: 3,4 million Workforce: 1,8 million Companies: 360 000 Universities: 28 Students 101 000 Researchers 8 400
Stockholm
Scandinavia & Sweden GDP: € 1,072 / 314 billion Inhabitants: 30 / 9,3 million
April 10, 2023
1,8
1,8
1,9
2
2,3
2,3
2,5
2,6
3,0
3,6
Germany
Denmark
France
Euro area
Norway
UK
US
Netherlands
Sweden
Finland
GDP growth in selected countries2004–2008, average annual change, percent
3,3
2,4
2,3
2,2
2,1
2
1,9
1,7
1,7
1,6
US
Euro area
UK
France
Germany
Denmark
Norway
Netherlands
Sweden
Finland
Inflation rate2004–2008, annual average, percent
Strong and stable economy
Source: National Institute of Economic Research Eurostat; OECD, 2008 (Figures for 2008 are preliminary)
Source: National Institute of Economic Research Eurostat; OECD, 2008
Source: Swedish Energy Agency, based on data from Statistics Sweden and Swedish Environmental Protection Agency
Economic growth and emissions reductions
Many well known multinationals are of Swedish origin
Given its size one of the largest recipients of International investment
Source: Unctad, 2009
67
141
146
166
178
190
304
350
535
689
Sweden
Spain
Germany
Hong Kong
Canada
Belgium
China
France
UK
USLargest recipients of FDI worldwide2003-2008, US$ billion
Approximately 50% of total FDI
projects end up in Stockholm
• The largest city at the heart of the growing Scandinavian market
• Excellent business climate
• Key Clusters of similar companies
• World leading innovations and R&D in some clusters
• Political and economical stability
• Transparency
• Competence and language skills
• Competitive costs
• Quality of life
Nine reasons to invest in the Stockholm region:
Stockholm – The Capital of Scandinavia
• Stockholm is Scandinavia’s largest city and its natural center
– The Central Capital of Scandinavia
• The Stockholm region is Scandinavia’s economic center
– The Business Capital of Scandinavia
• Stockholm is Scandinavia’s trendsetting cultural city
– The Cultural Capital of Scandinavia
The Stockholm region Population: appr 3,400,000 (2009)Regional GDP: 134,735 million Euro 2006 Eurostat
The Stockholm region Population: appr 3,400,000 (2009)Regional GDP: 134,735 million Euro 2006 Eurostat
• The region includes Scandinavia's largest city and natural center
• World-class wired and wireless communication
• The ports of Stockholm are the Baltic Sea's largest meeting place
• Several international airports • World class academic institutions• No 1 IT-Intelligent Community of
the Year 2009
• Innovations centre with, among others, world-class ICT, cleantech and automation
• One of Europe’s largest biotechnology clusters
• Highest representation of multinational companies
• Leading financial centre and largest stock exchange
• Logistics centre for the Scandinavian and Baltic market
• Largest GDP• Largest tourism industry • The first European Green Capital 2010
• The Nobel Prize• Music production centre• International food culture • Unique selection of galleries
and museums • World-class form and design• Nature and quality of life• The Polar Prize• The Stockholm Water Prize
The Stockholm region in cooperation.
• 47 municipalities
• A formalized partnership
• Promotes Stockholm in order to attract foreign investments
• Develops local entrepreneurship and business climate
The Stockholm region Population: approx 3.4 million (2009)
Regional GDP: 134,735 million Euro (SBA 2006)
Why Stockholm?1. Access to knowledge, exciting technologies and talents
1. Sweden 82,2
2. Finland 77,8
3. USA 77,5
4. Switzerland 77,0
5. Netherlands 76,6
6. Singapore 76,5
7. Canada 74,8
8. United Kingdom 74,6
9. Norway 73,5
10. New Zealand 73,4
A knowledge intense and innovative country
Innovation Capacity Index 2009–2010
Top ten in world knowledge competitiveness survey of 145 regions
Source: Centre for International Competitiveness 2008
Rank Region Index Score 2008
1 San Jose, Sunnyvale, Santa Clara, USA 248
2 Boston, Cambridge, Quincy, USA 175
3 Hartford, USA 175
4 Bridgeport, Stamford, Norwalk, USA 174
5 San Francisco, Oakland, Fremont, USA 161
6 Stockholm 152
7 Seattle, Tacoma, Bellevue, USA 151
8 Providence, Fall River, Warwick, USA 147
9 Tokyo, Japan 147
10 San Diego, Carlsbad, San Marcos, USA 146
Substantial R&D expenditure
Source: IMD World competitiveness yearbook 2009
R&D expenditure 2006, percent of GDP
2,6
2,6
2,6
2,7
2,9
3
3,4
3,5
3,6
4,7
Germany
Austria
Taiwan
US
Switzerland
Korea
Japan
Finland
Sweden
Israel
Strong university-industry research collaboration2008, country rank
1. US
2. Switzerland
3. Sweden
4. Finland
5. Singapore
6. Germany
7. Denmark
8. Belgium
9. UK
10. TaiwanSource: World Economic Forum, 2008
Highest growth in patent applications2008, percent
1,4
3,4
3,6
4,2
4,6
6,2
7,8
11,9
12,0
12,5
Switzerland
Germany
Japan
Canada
France
Finland
Israel
China
Republic of Korea
Sweden
Source: World Intellectual Property Organization 2008
Why Stockholm?Knowledge-driven business and investment opportunities
Business sector opportunities
Information & communication technologies (ICT)
Life sciences
Cleantech Automation Automotive
Key sectors in the Stockholm region:
• ICT
• Life Sciences
• Financial Services
• Automation
• Cleantech
• Hospitality
• Logistics
Why Stockholm and Sweden ? 2. Access to large, growing and advanced markets
Why Stockholm?3. Easy to set up and do business
Easy to set up a business
Source: IMD world competitiveness yearbook, 2008
Protectionism does not impair the conduct of your business
Product and service legislation does not deter business activity
Bureaucracy does not hinder business activity
Reliable intellectual property protection
Balance betweensecurity, reliability,
transparencycost-effectiveness
Balance betweensecurity, reliability,
transparencycost-effectiveness
Least corrupt society 2008 ranking, selection of countries
1. Sweden
1. Denmark
1. New Zealand
4. Singapore
5. Finland
5. Switzerland
7. Netherlands
12. Austria
14. Germany
Source: Transparency International, Corruption Perceptions Index 2008
Swedish companies pay on time
Source: European Payment Index 2009
Due to legislation and the Swedish culture, companies can expect to receive payment on time for their goods and services sold in Sweden
1. Finland
2. Sweden
3. Norway
4. Denmark
5. Iceland
6. Switzerland
7. Ireland
8. Faroe Island
9. France
10. Estonia
Industrial disputes rare in Sweden
0
0,59
0,73
1,71
1,91
2,01
2,97
3,7
11,11
11,62
13,48
14,04
54,11
Austria
Sweden
Switzerland
Netherlands
Poland
Estonia
Germany
France
UK
Norway
Italy
Denmark
Finland
Source: IMD World Competitivness Yearbook 2009
Working days lost due to strikes per 1,000 inhabitants per year (2005–2007)
Why Stockholm?4. First rate infrastructure and high availability of skilled labor
Highly developed transportation network
Five international airports Seven major seaports Railroads and high speed trains Logistic parks Good public transportation
Best ICT infrastructure in the world
Source: Connectivity Scorecard 2010
1. Sweden
2. US
3. Norway
4. Denmark
5. Netherlands
6. Finland
7. Australia
8. UK
9. Canada
10. Japan
• The world’s biggest open fiber network.• High usage of computer, internet and
mobile phones.• Stockholm and Sweden
are ranked nr 1 in several rankings rating ICT infrastructure and network readiness. “ The Intelligent Community of 2009”?
Did you know that Stockholm is
“ The IT-Intelligent Community of 2009”?
Did you know that Stockholm is
“ The IT-Intelligent Community of 2009”?
Availability of skilled labor 2009
Source: IMD World Competitivness Yearbook 2009
1. Ireland
2. Japan
3. Switzerland
4. Sweden
5. Denmark
6. Finland
7. Phillippines
8. Israel
9. Singapore
10. US
Swedes are hard workingAverage working hours per year, 2007
Source: IMD World Competitivness Yearbook 2009
1,607
1,723
1,730
1,735
1,760
1,776
1,816
1,876
France
Germany
Denmark
Austria
Belgium
Netherlands
Sweden
UK
Why Stockholm?5. Quality of life
Great place to live
1. Iceland
2 Norway
3. Australia
4. Canada
5. Ireland
6. Sweden
7. Switzerland
9. Netherlands
10. France
23. Germany
Source: Human Development Index, UNDP, 2008
Cost of living competitiveSelection of cities
1. Moscow
2. Tokyo
3. London
7. Copenhagen
9. Zurich
12. Paris
22. New York
25. Amsterdam
31. Stockholm
Source: Mercer Consulting 2008
Among Europe’s best healthcare systems
Source: Euro Health Consumer Index 2009, Health Consumer Powerhouse
Sweden is ranked in the top ten among Europe’s healthcare systems and outperforms in the areas of treatment outcomes and range and reach of service provided.
How to establish a company ?
REGISTER WITH THE SWEDISH MIGRATION BOARDWork-permit or residence permit
How to buy a hi-tech company?
No discrimination on foreign investors
M&A process build on openness and transparency
Contact a broker or a an investment bank.
The corporate tax in Sweden
Competitive corporate tax rate2009, percent
Source: Öhrlings PricewaterhouseCoopers, 2009
12,5
25
25,5
26
26,3
28
30
30
32,5
34,4
Ireland
Denmark
Netherlands
Finland
Sweden
UK
Germany
Spain
Italy
France
Tax relief for foreign key staff
• Sweden offers special income tax relief to encourage highly skilled people, such as international executives, experts, researchers and others with special skills, to work in Sweden and to make it easier for companies to attract experts and other key people from abroad to work in Sweden.
• Employees qualifying for the tax relief are taxed on only 75 percent of income in their first three years of employment in Sweden. The remaining 25 percent is tax free.
• The tax relief for key foreign employees also offers a financial incentive to employers, where the employer contributions are based on only 75 percent of total income.
The support system for SMEsTaking ideas to the market
Cities with science parks and incubators
Source: Swedish Incubators & Science Parks, Invest in Sweden Agency 2009
3
23
28
29
2732
12
17
21
24
25
191
31
15
10
2220
26
24
5
11
616
7
918813
14
23. Stockholm
Karolinska Institutet Science Park
Karolinska Institutet Innovation
SU Innovation
SSE Business Lab
Stockholm Cleantech Park
Stockholm Cleantech Park (Incubator)
Kista Science City
STING
28 Uppsala
Uppsala Innovation Center
29 Västerås/Eskilstuna
Idélab
Munktell Science Park
Create Business Incubator
Teknikbyn
Teknikbyn Inkubator
31 Örebro
Inkubera
5. Choose type of finance?
• Own funds• Bank loan (personal guarantee)• ALMI loan• Business angels• VC firms
• Credit from suppliers • Advances from customers • Loans from the bank• VC firms
• Vinnova• Innovationsbron• City of Stockholm
ALMIs’ role in the financial market
Risk
Interest/return
Bank
ALMI
Shareholder
Stockholm Business Region Development
Address: Drottninggatan 33 Stockholm Phone + 46- 8-508 280 00
Fax +46-8-508 280 90
www.stockholmbusinesregion.com
Stockholm International Fairs
• 60 exhibitions per year
• 10,000 exhibitors per year
• 1,500,000 visiters per year
• www.stofair.se ( www.stofair.ru )
Thank you!
Stockholm Region Office in St. Petersburg
Visiting address: Nevsky Prospect 1
Postal address: Box 1005
190000 St. Petersburg, Russia
Tel.: +7 812 314 68 18
Fax: +7 812 314 68 53
www.stockholmregion.org