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U.S. Tech Firms Choose Sweden for European HQ, Regional Sales and R&D Offices

U.S. Tech Firms Choose Sweden for European HQ, Regional Sales and R&D Offices

Recent Companies Include: Fortinet, MathWorks, Red Hat and SMI

Best Web Hosting LOS ANGELES--(BUSINESS WIRE)--July 14, 2004--Sweden's sophisticated IT infrastructure, educated and multilingual workforce, and centralized northern Europe location has convinced several more top U.S. companies to choose Sweden as their European headquarters, regional sales offices and R&D centers.
"Sweden continues to be the top choice of the world's top wireless companies for their R&D centers," stated Goran Eriksson, director, Los Angeles branch office -- Invest in Sweden Agency. "But now more and more companies are discovering the many advantages of having broader operational offices there as well."

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Top Web Hosting New Companies to Sweden

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Web Hosting Companies Fortinet Inc. has recorded quarterly growth of 70 percent in Sweden after establishing operations in the country at the start of the year.

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Web Site Design And Hosting The MathWorks has opened a regional sales office in Sweden.

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Email Web Hosting Red Hat Inc. has opened a regional sales office in Sweden.

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Web Hosting Plans SMI (Southwest Memory) has selected Sweden for its European headquarters.

Web And Email Hosting Reasons U.S. & International Companies Choose Sweden

Web Hosting Compare -- The 2003 IDC/World Times Information Society Index ranked Sweden the No. 1 IT nation in the world for the fourth consecutive year, saying it maintains the strongest position to take full advantage of the Information Revolution with its advanced information, computer, Internet and social infrastructures.

Dedicated Server Web Hosting -- Low Operational Costs - Sweden's cost of electric power, telecommunication, and office space are among the lowest in the world for industrial nations. Its 28 percent business tax rate is one of the lowest in Europe and significantly lower than the U.S. corporate tax. Low cost for advanced technical engineers.

Web Hosting Reviews -- Easy to Open Offices - The OECD 2003 survey said it is easier to start new enterprises in Sweden compared to the Euro-zone as a whole, with lower bureaucracy and quicker processing times.

Web Domain Names -- According to Robert Huggins Associates, an economic think tank based in Cardiff, United Kingdom, Sweden will be the driver of Europe's knowledge economy and enjoy higher per-capita economic growth than other European nations over the coming decade.

Web Site Builder -- Fast Market Penetration - On average, "time-to-takeoff" for new products takes about half the time in Scandinavian countries (4 years) as in Mediterranean countries (7.4 years). 2003 Informs, Marketing Science.

Web Server Hosting -- Highly Educated Workforce. Swedes have a higher proportion of secondary school graduates than neighboring Nordic countries and are also 5-10 times more likely to be multilingual. Nearly all call center managers receive university training in logistics.

Web Hosting Account -- Centralized Location - A central location in the heart of Scandinavia and the Baltic Sea region offers companies the ability to easily reach all major urban areas within two hours as well as the new EU states -- considered to be the next growth frontier in Europe.

Web Hosting Company -- New Capital Gains Legislation - Sweden last year passed a law to abolish capital gains tax on the sale of subsidiary companies. This is attractive and beneficial to international investors interested in Sweden's multitude of innovative startup companies.

Virtual Web Hosting -- Sweden's "Wireless Valley" is home to the world's wireless technology leaders. The primary companies involved in the development and research of wireless technologies all have offices and research centers located in Sweden, including: Compaq, Hewlett Packard, IBM, Intel, Microsoft, Motorola, Nokia, Siemens and Sun Microsystems.

Network Solutions Web Hosting About Invest in Sweden Agency

Cheapest Web Host Invest in Sweden Agency was established by the Swedish government to help attract and facilitate foreign direct investment in Sweden -- Europe's leading IT cluster and a world leader in wireless and mobile Internet. Sweden provides a strong industrial base, sophisticated multinational customers, active utilization of information technology in both the public and private sectors, an advanced infrastructure and a highly skilled workforce.

Web Hosting Domain ISA assists companies interested in locating manufacturing sites, research and development facilities, sales offices, and customer interaction centers in Sweden by providing free site selection information and other business-related services. ISA is headquartered in Stockholm, with offices in New York, London, Shanghai and Tokyo, a branch office in Los Angeles, and representatives in major European, North American, and Asian cities. For more information, visit the agency's Web site at www.isa.se or call the LA office at 310-204-6790 or the NY office at 212-702-8780. Questions can be sent via e-mail to isa@usa.isa.se.

Web Server Director Contacts

Web Hosting Service
ISA-Los Angeles Branch
Anna Lindberg, 310-204-6790
E-mail: anna.lindberg@usa.isa.se
or
TopSpin Communications Inc.
Joe Waldygo, 480-632-5050 (Media)
E-mail: joe@topspinpr.com

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