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AFRICA

ASIA

AUSTRALASIA

EUROPE

MIDDLE EAST

SOUTH AMERICA

AFRICA

Since 2007, Procorre have developed an extensive partner network across Africa. This has enabled us to provide out clients with in-depth knowledge of local laws, customs and economies, along with monitoring changes in immigration legislation or security status.

Collectively, Africa’s GDP is growing by 3.7% annually and the World Bank has predicted it is on the verge of an economic take off.

There are large oil reserves in Nigeria, Ghana and Tanzania. Tanzania’s natural gas reserves have increased to as much as 55 trillion cubic feet in recent years, making the region a hotspot for energy investors.

Falling crude prices and increasing energy demand have also created opportunities in renewable energy, including solar, wind, geothermal and hydropower.

Africa also contains raw materials such as diamonds, titanium, cobalt and aluminium. Surprisingly, the cost of living in many African cities is high – Luanda, Lagos and Maputo are among the most expensive in the world. This should be taken into account when considering opportunities.

Potential legislative hurdles faced by clients and consultants are high as well. Immigration and registration requirements for expatriates are complicated and many nations have adopted employment measures that favour local nationals over foreign workers.

The explosive growth in the telecoms industry, thanks to mobile phones, is having a major economic, social and political impact on the continent. Mobile phones will account for almost one-tenth of African GDP by the end of the decade, as mobile broadband connections triple in five years.

One sector benefitting significantly from the development of mobile in Africa, is financial technology (FinTech). Africa’s expanding economies and untapped consumer markets have combined with the falling cost of mobile phones and increased connectivity to make FinTech one of the continent’s most dynamic sectors.  Consumers who once had limited access to traditional banking now have the opportunity to manage their money, make transfers and deposits, pay bills and purchase airtime through their mobile phones.

AFRICA

Our expertise has been utilised in Africa since 2007, as a result, Procorre has developed an extensive partner network across the continent, enabling us to provide our clients with in-depth knowledge of local laws, customs and economies, along with monitoring of changes in immigration legislation or security status.

Collectively, the continent’s GDP is growing by 4.4% annually and the World Bank predicts it is on the verge of economic take off.

There are large oil reserves in Nigeria, Ghana and Tanzania. Tanzania’s natural gas reserves have increased to as much as 55 trillion cubic feet in recent years, making the region a hotspot for energy investors.

Falling crude prices and increasing energy demand have also created opportunities in renewable energy, including solar, wind, geothermal and hydropower.

Africa also contains raw materials such as diamonds, titanium, cobalt and aluminium. Surprisingly, the cost of living in many African cities is high – Luanda, Lagos and Maputo are among the most expensive in the world. This should be taken into account when considering opportunities.

Potential legislative hurdles faced by clients and consultants are high as well. Immigration and registration requirements for expatriates are complicated and many nations have adopted employment measures that favour local nationals over foreign workers.

The explosive growth in the telecoms industry, thanks to mobile phones, is having a major economic, social and political impact on the continent. Mobile phones will account for almost one-tenth of African GDP by the end of the decade, as mobile broadband connections triple in five years.

One sector benefitting significantly from the development of mobile in Africa, is financial technology (FinTech). Africa’s expanding economies and untapped consumer markets have combined with the falling cost of mobile phones and increased connectivity to make FinTech one of the continent’s most dynamic sectors.  Consumers who once had limited access to traditional banking now have the opportunity to manage their money, make transfers and deposits, pay bills and purchase airtime through their mobile phones.

ASIA

Procorre has established a strong presence in Asia as a result of its rapidly growing economies. Prospects are strongest in the Philippines where growth is accelerating regularly, and Vietnam, where growth was dented by the severe drought, but is currently on the increase. In Indonesia, growth has increased steadily in recent years, from 4.8 percent in 2015 to 5.4 percent in 2018, based on a pickup in public investment and the success of efforts to improve the investment climate and increase revenues. In Malaysia, however, growth will fall, because of weak global demand for oil and manufactured exports.

As the world’s largest continent, Asia contains many different economies, cultures and resources; from gas giant Russia to the energy starved nations of Central Asia, to rapidly growing economies of India and China to established centres of commerce and innovation in East Asia. This creates vast, varied opportunities for consultants, preferred suppliers and clients.

The Far East is home to some of the world’s most advanced manufacturers, including Toshiba, Samsung, Toyota and Honda. It also offers a range of attractive business incentives. These include tax incentives for innovation, low interest loans and reduced restrictions on land use. Measures like these can be found in Hong Kong, Singapore, Taiwan and South Korea. These areas also offer a high standard of living.

Central Asia, particularly Pakistan, also looks set to create abundant opportunities as it seeks to resolve its energy crisis. Plans to lay more gas pipelines in Russia mean there will continue to be strong prospects there. However, demanding immigration rules make it a difficult area to access.

ASIA

Procorre has established a strong presence in Asia as a result of its rapidly growing economies. Prospects are strongest in the Philippines where growth is accelerating regularly, and Vietnam, where growth was dented by the severe drought, but is currently on the increase. In Indonesia, growth has increased steadily in recent years, from 4.8 percent in 2015 to 5.4 percent in 2018, based on a pickup in public investment and the success of efforts to improve the investment climate and increase revenues. In Malaysia, however, growth will fall, because of weak global demand for oil and manufactured exports.

As the world’s largest continent, Asia contains many different economies, cultures and resources; from gas giant Russia to the energy starved nations of Central Asia, to rapidly growing economies of India and China to established centres of commerce and innovation in East Asia. This creates vast, varied opportunities for consultants, preferred suppliers and clients.

The Far East is home to some of the world’s most advanced manufacturers, including Toshiba, Samsung, Toyota and Honda. It also offers a range of attractive business incentives. These include tax incentives for innovation, low interest loans and reduced restrictions on land use. Measures like these can be found in Hong Kong, Singapore, Taiwan and South Korea. These areas also offer a high standard of living.

Central Asia, particularly Pakistan, also looks set to create abundant opportunities as it seeks to resolve its energy crisis. Plans to lay more gas pipelines in Russia mean there will continue to be strong prospects there. However, demanding immigration rules make it a difficult area to access.

AUSTRALASIA

The continental islands of Australia, New Zealand, and Papua New Guinea have important mineral and metal deposits, making mining a key sector in the continent. As a result of Procorre’s expertise in the mining sector, we have a wealth of experience mobilising consultants in Australasia to complete mining projects.

We understand the complexity of WHS, which is why we are strongly committed to develop skills, strategies and workplace practices in order to ensure workplace safety. 

We will inform and educate to achieve ‘best practice’ principles in the workplace, to develop an intercultural safe work practice and create the right mind set to achieve success while operating in a culturally diverse work environment.

Other key sectors include tourism, education and financial services. Australasia’s largest export markets include Japan, China, the United States and South Korea.

New Zealand is an important producer of coal, silver, iron ore, limestone, and gold. Papua New Guinea’s mineral deposits account for a majority of its export earnings, and mining is one of the country’s largest employers. Its main exports are copper, gold, and oil. The country’s waters will also be home to the world’s first offshore mining project.

As one of the wealthiest Asia–Pacific nations, Australia is a vibrant free-market democracy which has recorded economic progress, despite recession for more than 25 years. The economy has been boosted from an effective system of government, a well-functioning legal system, and an independent bureaucracy, all of which have facilitated robust entrepreneurial development.

Australia is the world’s largest producer of opal and the world’s largest exporter of coal. The country is also one of the top producers of iron ore, nickel, gold, uranium, diamonds, and zinc.

Work Health and Safety (WHS) legislation – harmonisation laws 

Australia began the process of national harmonisation of safety legislation in the mid 2000’s as a result of recommendations from the Productivity Commission and signing a United Nations Treaty for human rights to ensure workers in each state have equal rights. The legislation aims to regulate each state based on the same legislation to promote cross-border mobility of professionals and to reduce contradiction, duplication and complication arising from multiple sets of safety legislation across the country. WHS harmonisation has already taken place, with every state except Western Australia and Victoria. However, the Western Australian government intends to introduce these laws into parliament no later than mid 2019; but Victoria remains reluctant to introduce these laws.

The long term objective is to harmonise the Australian legislation and competency frameworks across all industries, in all states.

AUSTRALASIA

The continental islands of Australia, New Zealand, and Papua New Guinea have important mineral and metal deposits, making mining a key sector in the continent. As a result of Procorre’s expertise in the mining sector, we have a wealth of experience mobilising consultants in Australasia to complete mining projects.

We understand the complexity of WHS, which is why we are strongly committed to develop skills, strategies and workplace practices in order to ensure workplace safety. 

We will inform and educate to achieve ‘best practice’ principles in the workplace, to develop an intercultural safe work practice and create the right mind set to achieve success while operating in a culturally diverse work environment.

Other key sectors include tourism, education and financial services. Australasia’s largest export markets include Japan, China, the United States and South Korea.

New Zealand is an important producer of coal, silver, iron ore, limestone, and gold. Papua New Guinea’s mineral deposits account for a majority of its export earnings, and mining is one of the country’s largest employers. Its main exports are copper, gold, and oil. The country’s waters will also be home to the world’s first offshore mining project.

As one of the wealthiest Asia–Pacific nations, Australia is a vibrant free-market democracy which has recorded economic progress, despite recession for more than 25 years. The economy has been boosted from an effective system of government, a well-functioning legal system, and an independent bureaucracy, all of which have facilitated robust entrepreneurial development.

Australia is the world’s largest producer of opal and the world’s largest exporter of coal. The country is also one of the top producers of iron ore, nickel, gold, uranium, diamonds, and zinc.

Work Health and Safety (WHS) legislation – harmonisation laws 

Australia began the process of national harmonisation of safety legislation in the mid 2000’s as a result of recommendations from the Productivity Commission and signing a United Nations Treaty for human rights to ensure workers in each state have equal rights. The legislation aims to regulate each state based on the same legislation to promote cross-border mobility of professionals and to reduce contradiction, duplication and complication arising from multiple sets of safety legislation across the country. WHS harmonisation has already taken place, with every state except Western Australia and Victoria. However, the Western Australian government intends to introduce these laws into parliament no later than mid 2019; but Victoria remains reluctant to introduce these laws.

The long term objective is to harmonise the Australian legislation and competency frameworks across all industries, in all states.

EUROPE

For EU nationals, a major advantage of working in Europe is the simplicity of immigration arrangements, which combined with high standards of living means that European contracts offer an attractive lifestyle.

However, different tax regimes vary greatly and Procorre can ensure compliance with these. France, for example, has complex rules and stringent criteria for those seeking to be defined as self-employed. Italy’s tax regime is similarly complicated, while Luxembourg offers a more liberal environment.

The European Commission is set on growth (with a target of 20% by 2020), and the continent leads the world in some important sectors and offers opportunities in:

  • Energy, including offshore oil, nuclear and hydropower
  • IT
  • Banking and Financial Services
2017 saw the UK start the process of leaving the EU, with the knock on effects causing an impact on businesses, large and small, across the UK and Europe.

Following the UK’s decision to leave the European Union, companies are calling on consultants to help them prepare for the major changes ahead. From automotive manufacturers to defence system designers, there is a growing requirement for consultants to help companies examine the impact withdrawal from the single market might have on supply chains.

As a result the re-modelling and re-designing of business structures as companies set up contingency plans for either the hard or soft Brexit, could bring an uplift for the consulting industry.

With much discussion in the press concerning trade deals and the potential new barriers following the impact of Brexit, it’s worth pointing out that the EU has $5 trillion in trade deals around the world and the Procorre Dublin office remains able to provide access to the EU. Procorre also maintains an office in Switzerland which is of course outside of the EU and has over $35 trillion in trade deals around the world, at Procorre our infrastructure was built to transcend borders and barriers.

EUROPE

For EU nationals, a major advantage of working in Europe is the simplicity of immigration arrangements, which combined with high standards of living means that European contracts offer an attractive lifestyle.

However, different tax regimes vary greatly and Procorre can ensure compliance with these. France, for example, has complex rules and stringent criteria for those seeking to be defined as self-employed. Italy’s tax regime is similarly complicated, while Luxembourg offers a more liberal environment.

The European Commission is set on growth (with a target of 20% by 2020), and the continent leads the world in some important sectors and offers opportunities in:

  • Energy, including offshore oil, nuclear and hydropower
  • IT
  • Banking and Financial Services
2017 saw the UK start the process of leaving the EU, with the knock on effects causing an impact on businesses, large and small, across the UK and Europe.

Following the UK’s decision to leave the European Union, companies are calling on consultants to help them prepare for the major changes ahead. From automotive manufacturers to defence system designers, there is a growing requirement for consultants to help companies examine the impact withdrawal from the single market might have on supply chains.

As a result the re-modelling and re-designing of business structures as companies set up contingency plans for either the hard or soft Brexit, could bring an uplift for the consulting industry.

With much discussion in the press concerning trade deals and the potential new barriers following the impact of Brexit, it’s worth pointing out that the EU has $5 trillion in trade deals around the world and the Procorre Dublin office remains able to provide access to the EU. Procorre also maintains an office in Switzerland which is of course outside of the EU and has over $35 trillion in trade deals around the world, at Procorre our infrastructure was built to transcend borders and barriers.

MIDDLE EAST

Despite the economies of some Middle Eastern countries being devastated by wars and political unrest, many others are emerging markets that offer significant opportunities due to an increase of foreign businesses.

A growing population and middle class, together with substantial efforts to encourage activity outside of oil and gas industries provides business opportunities across the region, many of which have been taken by Procorre and our consultants.

With a 47% share of global oil production and 17% share of natural gas production, the Middle East continues to offer opportunities in these areas, despite falling crude prices. 

Low to non-existent tax in the Middle East is a major incentive to doing business there. Much of the region has little or zero income and council tax with favourable regimes for businesses. Bahrain, for example, levies no taxes on income, capital gains, sales, estates, interest, dividends, royalties or fees other than those specifically imposed on oil and gas companies. Commercial incentives such as duty free import of machinery and ‘free zones’ are also common.

Many Middle Eastern states follow the Islamic or Hijri calendar where the working week runs from Sunday to Thursday with implications for those conducting international business. The region also has a distinctive business etiquette which affects punctuality and gender interactions. It is also worth noting that there are government initiatives to increase the proportion of local workers in many Middle Eastern states. Although continuing dependence on qualified and experienced foreign workers means that the region will continue to offer new consulting opportunities. 

MIDDLE EAST

Despite the economies of some Middle Eastern countries being devastated by wars and political unrest, many others are emerging markets that offer significant opportunities due to an increase of foreign businesses.

A growing population and middle class, together with substantial efforts to encourage activity outside of oil and gas industries provides business opportunities across the region, many of which have been taken by Procorre and our consultants.

With a 47% share of global oil production and 17% share of natural gas production, the Middle East continues to offer opportunities in these areas, despite falling crude prices. 

Low to non-existent tax in the Middle East is a major incentive to doing business there. Much of the region has little or zero income and council tax with favourable regimes for businesses. Bahrain, for example, levies no taxes on income, capital gains, sales, estates, interest, dividends, royalties or fees other than those specifically imposed on oil and gas companies. Commercial incentives such as duty free import of machinery and ‘free zones’ are also common.

Many Middle Eastern states follow the Islamic or Hijri calendar where the working week runs from Sunday to Thursday with implications for those conducting international business. The region also has a distinctive business etiquette which affects punctuality and gender interactions. It is also worth noting that there are government initiatives to increase the proportion of local workers in many Middle Eastern states. Although continuing dependence on qualified and experienced foreign workers means that the region will continue to offer new consulting opportunities. 

SOUTH AMERICA

South America is blessed with natural resources including lead, zinc, precious metals and fossil fuels. It also has a well-educated population. This creates good business prospects which have been further boosted by recent pro-business reforms.

South America’s wealth of natural resources has led to it being a breeding ground for new opportunities and businesses. Procorre have taken many opportunities within South America and built contacts with clients along the way.

The continent is one of the largest producers of commodities in the world. As a proportion of total global production, it produces 50% of soybeans, 45% of copper and 19% of iron ore.

Regulatory reform has taken place across many countries in South America and the Caribbean aimed at reducing bureaucracy, stronger laws to enforce contracts and better access to credit. However, Venezuela, despite its vast oil and gas reserves, is ranked 188th by the World Bank for ease of doing business.

SOUTH AMERICA

South America is blessed with natural resources including lead, zinc, precious metals and fossil fuels. It also has a well-educated population. This creates good business prospects which have been further boosted by recent pro-business reforms.

The continent is one of the largest producers of commodities in the world. As a proportion of total global production, it produces 50% of soybeans, 45% of copper and 19% of iron ore.

Regulatory reform has taken place across many countries in South America and the Caribbean aimed at reducing bureaucracy, stronger laws to enforce contracts and better access to credit. However, Venezuela, despite its vast oil and gas reserves, is ranked 188th by the World Bank for ease of doing business.