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Welcome to Stockholm!
Sergey Baranov, Stockholm Region Office in St. Petersburg
Nevsky 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
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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
Scandinavia & Sweden
 GDP: € 1,072 / 314 billion
 Inhabitants: 30 / 9,3 million
Stockholm
 GRP: € 130 billion
 Inhabitants: 3,4 million
 Workforce: 1,8 million
 Companies: 360 000
 Universities: 28
 Students 101 000
 Researchers 8 400
Surce: Norden i tal 2009
Strong and stable economy
GDP growth in selected countries
2004–2008, average annual change, percent
Inflation rate
2004–2008, annual average, percent
Finland
3,6
Sweden
3,0
Netherlands
2,6
US
2,5
Finland
Sweden
1,7
Netherlands
1,7
Norway
1,9
2
UK
2,3
Denmark
Norway
2,3
Germany
Euro area
2
France
France
1,9
UK
Denmark
1,8
Euro area
Germany
1,8
US
Source: National Institute of Economic Research Eurostat; OECD, 2008
(Figures for 2008 are preliminary)
1,6
2,1
2,2
2,3
2,4
3,3
Source: National Institute of Economic Research Eurostat; OECD, 2008
July 18, 2015
Economic growth and emissions reductions
Source: Swedish Energy Agency, based on data from Statistics Sweden and Swedish Environmental Protection Agency
Many well known multinationals are of Swedish origin
Given its size one of the largest recipients of
International investment
Largest recipients
of FDI worldwide
2003-2008, US$ billion
US
689
UK
535
France
350
China
304
Belgium
190
Canada
178
Hong Kong
Germany
146
Spain
141
Sweden
Source: Unctad, 2009
166
67
Approximately
50% of total FDI
projects end up in
Stockholm
Nine reasons to invest
in the Stockholm region:
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The largest city at the heart of the
growing Scandinavian market
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Excellent business climate
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Key Clusters of similar companies
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World leading innovations and
R&D in some clusters
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Political and economical stability
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Transparency
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Competence and language skills
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Competitive costs
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Quality of life
Stockholm
– The Capital of Scandinavia
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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
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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
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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
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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.
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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
A knowledge intense and innovative country
Innovation Capacity Index 2009–2010
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
Top ten in world knowledge competitiveness
survey of 145 regions
Rank
Region
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
Source: Centre for International Competitiveness 2008
Index
Score 2008
Substantial R&D expenditure
R&D expenditure 2006, percent of GDP
4,7
Israel
3,6
Sweden
3,5
Finland
3,4
Japan
Korea
3
Switzerland
2,9
US
2,7
Taiwan
2,6
Austria
2,6
Germany
Source: IMD World competitiveness yearbook 2009
2,6
Strong university-industry research collaboration
2008, country rank
1.
US
2.
Switzerland
3.
Sweden
4.
Finland
5.
Singapore
6.
Germany
7.
Denmark
8.
Belgium
9.
UK
10. Taiwan
Source: World Economic Forum, 2008
Highest growth in patent applications
2008, percent
Sweden
12,5
Republic of Korea
12,0
China
11,9
Israel
7,8
Finland
6,2
France
4,6
Canada
4,2
Japan
3,6
Germany
Source: World Intellectual Property
Organization 2008
Switzerland
3,4
1,4
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:
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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
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Protectionism does not impair the
conduct of your business
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Product and service legislation does
not deter business activity
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Bureaucracy does not hinder business
activity
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Reliable intellectual property protection
Source: IMD world competitiveness yearbook, 2008
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
1.
Finland
2.
Sweden
3.
Norway
4.
Denmark
5.
Iceland
6.
Switzerland
7.
Ireland
8.
Faroe Island
9.
France
10.
Estonia
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
Industrial disputes rare in Sweden
Finland
54,11
Denmark
14,04
Italy
13,48
Norway
11,62
UK
11,11
France
3,7
Germany
2,97
Estonia
2,01
Poland
1,91
Netherlands
1,71
Switzerland
0,73
Sweden
0,59
Austria
0
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
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Five international airports
Seven major seaports
Railroads and high speed trains
Logistic parks
Good public transportation
Best ICT infrastructure in the world
1.
Sweden
2.
US
3.
Norway
4.
Denmark
5.
Netherlands
6.
Finland
7.
Australia
8.
UK
9.
Canada
10.
Japan
Source: Connectivity Scorecard 2010
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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”?
Availability of skilled labor
2009
1.
Ireland
2.
Japan
3.
Switzerland
4.
Sweden
5.
Denmark
6.
Finland
7.
Phillippines
8.
Israel
9.
Singapore
10. US
Source: IMD World Competitivness Yearbook 2009
Swedes are hard working
Average working hours per year, 2007
UK
1,876
1,816
Sweden
1,776
Netherlands
1,760
Belgium
1,735
Austria
Denmark
1,730
1,723
Germany
France
Source: IMD World Competitivness Yearbook 2009
1,607
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 competitive
Selection 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
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.
Source: Euro Health Consumer Index 2009, Health Consumer Powerhouse
How to establish a company ?
REGISTER WITH THE
SWEDISH MIGRATION BOARD
Work-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 rate
2009, percent
France
34,4
Italy
32,5
Spain
30
Germany
30
UK
28
Sweden
26,3
Finland
26
Netherlands
25,5
Denmark
Ireland
Source: Öhrlings PricewaterhouseCoopers, 2009
25
12,5
Tax relief for foreign key staff
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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 SMEs
Taking ideas to the market
Cities with science parks and incubators
23. Stockholm
28 Uppsala
 Karolinska Institutet Science Park
 Uppsala Innovation Center
 Karolinska Institutet Innovation
29 Västerås/Eskilstuna
12
17
21
27
32
 SU Innovation
 Idélab
 SSE Business Lab
 Munktell Science Park
 Stockholm Cleantech Park
 Create Business Incubator
 Stockholm Cleantech Park
(Incubator)
 Teknikbyn
 Kista Science City
 STING
24
25
19
1
28
29
10
31
 Teknikbyn Inkubator
26
20 22
31 Örebro
 Inkubera
2
4
15
6
5
14
Source: Swedish Incubators & Science Parks, Invest in Sweden Agency 2009
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16
7
11
8 18 9
13
3
5. Choose type of finance?
• Vinnova
• Innovationsbron
• City of Stockholm
• Own funds
• Bank loan (personal guarantee)
• ALMI loan
• Business angels
• VC firms
• Credit from suppliers
• Advances from customers
• Loans from the bank
• VC firms
ALMIs’ role in the financial market
Risk
Shareholder
ALMI
Bank
Interest/
return
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
[email protected]
www.stockholmregion.org