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Vancouver Attracting More Corporate Headquarters
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(Posted on May 14, 2016 at 10:49PM by Michelle Bogle)
When people think of Chinese investment in the province of British Columbia, they often focus on Vancouver’s off-putting residential real estate prices.However, what is often not mentioned is the corporate investment going into the Lower Mainland by Chinese companies looking to call Vancouver home.
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And, many Chinese companies are, in fact, choosing to settle in Vancouver.Â
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At the helm of this activity is HQ Vancouver. As a joint federal-provincial organization, they were specifically created to persuade companies to set up regional headquarters in Vancouver.Â
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So far, the half dozen companies who have moved operations to Vancouver are Chinese. They are attracted by some of the lowest corporate tax rates in North America, a 30% exchange rate advantage and significant tax incentives from international business activities.
Vancouver also offers lower employer health insurance costs, lower professional wages, more affordable commercial real estate costs, lower electricity rates and more affordable post-secondary education.
Vancouver also offers lower employer health insurance costs, lower professional wages, more affordable commercial real estate costs, lower electricity rates and more affordable post-secondary education.
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The timing couldn’t be better for a movement like this. China has many companies looking to grow their operations exponentially by seeking a global platform. And, unlike major corporations from countries, such as Japan, South Korea and Western Europe, they don’t have an established relationship with another major North American city, such as Vancouver. This fact has made it much easier for organizations, like HQ Vancouver, to target emerging companies that haven’t established themselves on a global stage.
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Whether your company is considering relocating, expanding or establishing operations here, Vancouver is a vibrant, prosperous city to do business.Â
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To learn more about commercial real estate opportunities for a variety of asset classes, please contact our Vancouver office to speak with our team of advisors.
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