Ontario’s Investment Services Team works with Polish IT services company For any business, setting up in a new overseas market is an intricate undertaking, a carefully choreographed process with many players contributing to a successful project delivery. It’s a challenge that inspires Ontario’s Investment Services Team as they draw upon their experience and connections to help businesses feel right at home through any stage of their growth journey – whether it’s a company establishing a brand new Ontario presence, or an existing business seeking to expand. The team was delighted to be part of a broad-based government group working with Billennium as the Polish IT services and solutions company steered towards the Aug. 1st official launch of its Canadian headquarters in Mississauga. Billennium had been servicing the Canadian market remotely from its offices in Poland and India. With a growing client base from Ontario’s vibrant industrial and technology clusters, the province was a natural focus for the next phase of the company’s international growth plans. The new Mississauga-based team includes expertise in artificial intelligence, machine learning and computerized systems validation. Billennium worked in close collaboration with the Polish Investment and Trade Agency Canadian office in Toronto, City of Mississauga, Toronto Global and the Ontario and Canadian governments. Ontario’s Investment Services Team was able to assist by providing insights and intelligence covering several strategic areas: Market research and cost comparisons – helping Billennium to evaluate the region’s business ecosystem with benchmark analysis including access to talent, real estate and utility costs, regulatory and tax environment, access to capital and quality of life indicators. Guidance on Ontario’s company incorporation processes and financial administration matters. Assistance with overseas transfers of senior executives. “Being able to develop close working relationships with our partners across government really helped Billennium’s project team successfully implement this exciting new chapter in the growth of our company,” said Peter Chmielowski, General Manager of Billennium Canada. “With our new on-the-ground presence, we’re excited by the opportunities to deepen our collaboration with our clients and play an increasing role in the region’s flourishing technology sector.” Of course, the work of Ontario’s Investment Services Team continues long after a company’s official launch and the province looks forward to a long-term partnership with Billennium as a valued member of Ontario’s IT sector. A partner in your business growth Top 3 ways the Investment Services Team can help Information and insight In a competitive marketplace, business decision-makers carefully weigh the myriad of factors that determine the attractiveness of an investment location. Customized business information and market insight saves companies time and supports strategic decision making. Topics covered include: Business costs Infrastructure Regulations Talent base International market access Incentives Did you know? Ontario’s corporate income tax rate is lower than the average rate in G7 countries, and thanks to our universal health care system, annual employer health costs for a typical firm are around one-third compared to the U.S. average. Businesses operating in Ontario benefit from tariff-free access to a North American free trade zone with around 500 million people. Each year, our universities and colleges produce nearly 55,000 STEM graduates, placing the province in the top five STEM-producers in North America. Business support Whether it’s advice on sourcing strategic talent, connecting with the province’s workforce training programs, or exploring available investment incentives, the Investment Services Team provides client-centric advice and facilitation. Topics covered include: Business immigration pathways Loans, grants, wage subsidies, tax credits Employee settlement services Advisory services Training partnerships with universities and colleges One-on-one services for foreign investors Did you know? Ontario and Canada’s welcoming approach to immigration expands our talent pool and makes it easier for businesses to attract the talent they need. The Global Skills Strategy offers quick work permit processing for highly skilled talent in as little as 10 business days. The province’s R&D tax credits are among the most generous in the world — by performing R&D in Ontario, small and medium-sized manufacturers can save up to 50% on their after-tax expenditures. Ontario offers a comprehensive suite of programs and services spanning research and development, site selection, talent attraction, future-skilling, business costs, exporting and industry-specific supports. Connections and coordination Delivering an investment project is an exercise in effective teamworking, with the private and public sectors working together to bring economic growth and opportunity to a community. Ontario embraces this collaborative approach, liaising across all levels of government and facilitating linkages with the businesses community to help bring a project to fruition. Areas where the Investment Services Team helps make connections includes: Ontario ministries and municipalities Local service providers Federal departments Business associations Site permitting and approvals navigation Customized Ontario tours Did you know? The Ontario and Canadian governments work in lockstep to strengthen strategic sectors and regularly co-invest to secure anchor projects. For example, the federal and provincial governments are partnering with Ford of Canada in the $1.8 billion transformation of the company’s Oakville Assembly Complex into a global hub for battery electric vehicle production. The province’s Investment Ready: Certified Site Program can make the site selection process easier and faster for companies with comprehensive and complete information about pre-qualified industrial properties. Open for business There has never been a better time to join one of the world’s most skilled and dynamic economies at the heart of North American markets. Ontario is open for business and we have the tools your company needs to build the future. Explore Ontario’s Investment Services Request a conversation with an Investment Consultant
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