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BlogTop countries with remote work visas
Start A Company, Hr +2
Top Countries With Remote Work Visas

Since the beginning of the COVID-19 pandemic, a surge of people around the world are experiencing newfound flexibility in their careers. The pandemic has allowed for a digital nomad revolution, with increased flexibility for employees to work from anywhere in the world.Consequently, several countries have responded by creating a new visa category for long and short-term digital nomads. These remote work visas allow employees to live where they want as they maintain their careers elsewhere. Given the multitude of countries offering remote work visas, ranging from Europe, and the Caribbean to the Middle East, employers and employees should familiarize themselves with the countries offering these visas and pick a country that best suits their needs and preferences.Of course, some factors make certain locations more attractive than others. These may include favourable weather conditions, low costs of living, low tax rates, and a laidback lifestyle are often frontrunners. Even so, rest assured that there is a country out there that is a perfect match for you.  Once you have decided on where to settle, remote work visas are typically easy to apply for online. For employees looking to work remotely, discover the popular locations to consider:   Dubai  In October 2020, Dubai introduced a one-year virtual work program that accepts applicants from around the world. If you are accepted, you get access to banking facilities, telephone providers, a resident ID, and the ability to rent an office and purchase a vehicle.The program also allows a multiple entry visa during its tenure but if the applicant is away from the country for more than 6 continuous months, the visa may be revoked. However, individuals can bypass this by entering Dubai on a tourist visa before fully committing to the one-year program.  The requirements   To apply for Dubai’s virtual work visa, you will require the following: - A passport with a 6-month minimum validity  - Health insurance with UAE coverage validity - If you are an employee, the following is required:  An employment contract with a minimum of one-year validity  A minimum monthly salary of US$5000  Previous month's payslip  3 months preceding bank statements    - Business owners should have:  Proof of ownership of their company  An average monthly income of $5000 and  3 months foregoing bank statements  Benefits   This remote work program comes with a lot of benefits that make it one of the most lucrative and popular digital nomad visas. Some of its benefits include:  - The program does not impose a personal income tax at all- Unlimited access to standard utilities and services that residents enjoy. These include schooling, banking facilities, phone lines, a resident ID, and the ability to rent an office and buy a car - A seamless and affordable application process. To apply, you will only have to part with $611 in total. This includes processing costs, application fees, an Emirates ID, and a pre-application medical exam  - The program accepts travel insurance with healthcare coverage which you can later change to UAE health insurance after your visa application is acceptedRisks and challenges to consider   Besides its benefits, this program comes with several compliance risks that individuals should be aware of before submitting their applications. These include:  - As a virtual working visa holder, you are not allowed to work for local companies- If you are away from the country for over 6 months continuously your visa will be revoked Before making the leap, consult with our immigration experts to assess and strategize on how to overcome potential risks and challenges.How to apply  Application for this remote work visa is done online. If Dubai appeals to you, you can apply by contacting us.   Estonia  Estonia is a flourishing international tech hub so it comes as no surprise that it offers a digital nomad visa for remote workers and freelancers along with an e-residency visa program for foreign online entrepreneurs.The E-residency visa allows foreign nationals to work in Estonia for up to one year for their businesses registered abroad while the digital nomad visa allows people to work for foreign employers in a remote position. If the individual stays in the country for over 183 days in a consecutive 12-month duration, they will be required to pay taxes.  In Estonia, there are 2 types of digital nomad visas. The best one to apply for depends on the duration that best suits the applicant.  - If the individual is planning to stay in the country for less than 90 days, apply for the Type C Digital Nomad Visa - If the individual's stay will exceed 90 days, apply for the Type D Digital Nomad Visa  The requirements  Like most Visas, you have to be eligible before making an application for the Estonia Digital Nomad Visa. To be eligible: - You must have a current employment contract with a company or business registered outside of the country- The company owner should be registered overseas and not in the country. If the individual is applying as a freelancer, clients must be located out of Estonia  - The minimum income requirement is €3504 per month (before tax deductions). Moreover, individuals have to prove that they have earned the amount mentioned for over six months- They must prove that they can work remotely and independently  -  Work has to be done using communication technology such as cell phones, laptops, Wi-Fi, etc.  Benefits  - Successful applicants get a government-issued digital identity for online and personal uses  - Obtain access to Estonia’s e-services such as banking, payments, and tax declarations - Affordable application fees and minimal bureaucracy- Obtain the right to work remotely and stay in Estonia for a yearHow to apply  - The application fee is 100€ for a (long stay) Type D visa and 80€ for a (short stay) Type C visa. If you would like to apply, contact us - Once printed and signed, visit an Estonian consulate or embassy and submit your application. The review process takes up to 30 days - If you or one of your employees are already in the country and would like to make this application, you can do so in any Police and Border Guard Board office Risks and challenges to consider  In Estonia, there are eligibility restrictions based on the sector of your work or country of origin. Even so, applications can be denied if you can't travel to Estonia due to COVID-19 restrictions.  Georgia  If you are an applicant looking for a place with a dynamic food and wine culture, you should consider Georgia. Its landscape and ease of living rival that of Switzerland making it an ideal place for remote workers. In August 2020, the country launched a remote work program that welcomes long and short-term visitors from 95 countries.Though it is not technically a visa, it allows freelancers and remote employees to enter the country and live there for about a year. The program is designed for remote employees, freelancers, and entrepreneurs who want to work and live in the country without restrictions.  The requirements  To qualify for the remote work program, your applicants need to fulfil the following requirements:  - Be a citizen of the 95 countries on this list  - Have a minimum income of $2000 a month for at least 12 months (applicants can also get approved if they have $24000 in savings) - Present travel or health insurance that has been bought within the last 6 months - Unvaccinated applicants are also required to undergo an 8-day quarantine in an approved hotel and get a PCR test on the 8th day at their own expense - Vaccinated applicants need to prove that they have received 2 Covid-19 dosesBenefits  This package comes with its share of benefits. These include:  - Unlimited access to standard utilities and services such as schooling, and banking facilities - A seamless and affordable application process. There are no fees charged to applicants - The program accepts travel insurance with healthcare coverage  - Length of stay: 360 days  - Digital nomads with an annual income of $150,000 qualify to register as entrepreneurs and pay only 1% tax  Risks and challenges to consider  Some of the challenges that applicants should be aware of before committing to the program include: - Freelancers and remote workers under the program are required to pay income tax - The national language can be difficult for applicants from English-speaking countries  How to apply  Applications are done online and applicants need to specify whether they are full-time employees, entrepreneurs, or freelancers.   Bermuda  Bermuda boasts a well-earned reputation as a clean, open, safe, and beautiful country to live and work in. These factors drive many visitors to choose it as a place to work, study, and live. To address this need, the country introduced a Work from Bermuda Certificate which allows freelancers and remote workers to work on the island.   The Requirements  Your applicants will require very little information to apply for the Work from Bermuda Certificate. The requirements include:   - A colour scan of their passport plus validity for the entire duration of their stay  - A colour scan of their visa if they are not entering from the United Kingdom, United States, Canada, and the European Union  - Valid travel or health insurance with Bermuda coverage - No convictions  - Proof of a continuous source of income  Benefits - The Work from Bermuda Certificate allows applicants to work and live in the country for up to one year from the date of issue - There are no salary requirements  - The program does not impose a personal income tax at all- Access to Bermuda’s services and utilities such as banking and transportation  Risks and challenges to consider  - The program requires that each individual in a family apply separately be it a child or adult- You will have to part with $268 application fee  How to apply  Applications are done online and you can do so here.   The future of work is changing for many individuals who are looking to work in exciting new locations. There are dozens of other countries that offer remote working visas or digital nomad visas. Stay compliant and discover the various ways you can work from anywhere. Contact us for more information.    

Apr 11, 2022
BlogHow to set up a company in Ireland
Start A Company, Hr +2
How To Set Up A Company In Ireland

There are many reasons why companies should consider Ireland for expanding their business. Ireland is one of the top countries to set up within Europe. When considering the tax landscape, accessibility, consumers, as well as many other factors, companies realise the location's vital role.  Top-rated companies such as Microsoft, Facebook, and Google operate in Ireland. Many of these companies have chosen Ireland for several reasons including; low Corporate Tax rates of 12.5%; holding company incentives; the average cost of living and because the Ireland government is actively involved in economic productivity and very welcoming of foreign corporations.To establish an entity in Ireland, the following information is important to consider.  Practical Steps on How to Establish a Business in Ireland   What steps do you need to take till you have your business up and running in Ireland?  Assess the market    Assessment of the market is a crucial step preceding the establishment of a company in Ireland or anywhere. Assessing the market entails grasping what a particular industry is all about, what it encompasses, and familiarising yourself with your soon-to-be competitors. Understanding how to position your product or service in a new country is also key to success.  Another vital consideration about market assessment is knowing your audience. Discovering the demographic or faction your likely consumers fall into cannot be overemphasised. It helps in strategising properly and saving time and cost.  Business incorporation   Business incorporation involves deciding your business structure, whether you want a sole proprietorship, a partnership, or a limited company. This article will be discussing what the process is like when it involves a limited liability company. If you are looking to discover other business incorporation options available, please contact us.  Limited Liability Company (LLC)  A limited liability company (LLC) doubles as a corporation and maybe a sole proprietorship or partnership, as it possesses characteristics of both. An LLC protects its owners from being personally liable for the debts incurred by the company. Now, what is the incorporation process?  - Designate a director.  The first step to incorporating your business is to designate a minimum of one director who will manage the company's affairs in the interests of the shareholders. This director, however, must reside in a European Economic Area (EEA).  In a case where you have more than one director, and one of them resides in an EEA state, you're qualified to establish your company. Another alternative is purchasing the bond of €25,000 as contained in section 137 of the Companies Act 2014.  - Existence of shareholders. A director may be a shareholder, but not in all cases. Essentially, shareholders own shares or stocks in a corporation; they are its owners.  - Select a secretary.  In this setting, a secretary transcends the everyday meaning of a secretary. One of the directors could double as a secretary as it is a crucial position, or a different person can be hired. The secretary is tasked with filing yearly returns and other essential activities, which, when defaulted, could attract stringent sanctions.  - Allocation of shares. Distributing a company's stocks or shares is fundamental, seeing as the process may determine the parties that own a company. When establishing a limited liability company in Ireland, you have to allocate shares.  - Brainstorm and cross-check a name for your company. When the idea of establishing a business in Ireland comes to mind, we suppose you must have thought up several names you'd like your company to have. That's good. However, the name you decide to give your company must satisfy the standards of the Companies Registration Office.  - Addresses. A company could have two or even three different addresses, or it could have just one. A company may choose to have office and mailing addresses. An office address is a physical location where meetings are held. In comparison, the company's mail goes to the mailing address. Most companies that adopt the dual address structure are small companies.  - Sign the document. Finally, you have to attach your signature to the incorporation documents through Companies Online Registration Environment (CORE), or you could hire an expert to handle the process.  Opening a Business Bank Account   It is advisable to conduct your research and filter through the banks that would be the most favourable in terms of fees and related matters. To open an account, you may need an array of documents which include forms of ID, a mandate signed by the directors, signature samples of authorised people, a Memorandum of Association (MoA), proof of your company's registration and location, and your incorporation certificate.  Tax Structure   If your company has a director in Ireland, your company is to pay a corporate tax of 12.5% of its profit. You may need to pay other taxes such as Pay Related Social Insurance (PRSI), depending on the company.  There are exceptions, however. Section 486C provides for tax payment relief if specific criteria are fulfilled. They range from the type of trade to the total amount of payable corporation tax.Hiring Local Employees/ Immigration Options   Ireland is known for its highly educated and impressive workforce. However, it is relatively expensive to hire local employees, and there are employment laws guiding the process, including the average hours employees are allowed to work per week in Ireland. As a resident of an EEA country, you are allowed to employ or be employed without any restrictions.  However, as a person who doesn't belong to an EEA country, the UK, or Switzerland, you need to be offered employment, then apply to obtain a relevant work permit or visa (if it's required in your case). There are various kinds of work permits, one of them being the critical skills employment permit; which is for adept workers in fields where there is a shortage of manpower, in Ireland. Other kinds of work permits include general employment work permits, internship work permits, partner/family work permits, among others.  Ireland work visa, classified under the "D visa", is open to self-employed and high skill work employees. It is advisable to apply three months before going to Ireland and is a long process that requires a lot of documents to prove that you qualify. You will have to fill out a work visa application form, provide an authentic passport, your contract of employment, and several other supporting documents.  If you're interested in moving to Ireland for work, you may easily be overwhelmed by the whole process if you're on your own. With the right help, the whole process is a lot easier.  Ireland is a welcoming country that boasts of being home to over 1,000 successful multinational companies. Why don't you give it a try and add your name to the list of successful companies in Ireland? We can help you Incorporate, Move and Manage your business, taxes, payroll, and more in Ireland.  Don’t hesitate and send us an e-mail.With our intelligence on 170countries, OPEN FOR BUSINESS Guide rounds up the best countries to consider for international expansion including Ireland with up-to-date tax and immigration systems to guide you through the maze of business practices and make good decisions. Download it below.

Mar 18, 2022
BlogGOING GLOBAL: CONSIDERATIONS FOR EMPLOYEE BENEFITS, INSURANCE, AND RECRUITMENT
Start A Company, Hr +2
GOING GLOBAL: CONSIDERATIONS FOR EMPLOYEE BENEFITS, INSURANCE, AND RECRUITMENT

Whether you are a traditional family business, or a fast-growing startup expanding overseas — several aspects must be implemented or strategically planned to have a smoother landing in a new authority. Building a strong workforce and having a positive team environment are key elements that will allow companies to enter a new market more successfully. A good company culture generates talent attraction. As companies are waging the war on talent, there are several components of employee benefits that will need to be incorporated to ensure employee satisfaction. Employee benefits are a pillar of workforce resilience that helps to create a symbiosis between the employer and employee.Insurance is a key vehicle to help build the best employee benefits experience. Demonstrating care and offerings towards business associates is an important message companies should share about employee benefits. As a result, companies need to consider adapting their original practices to align with employment laws, local standards, and benefits in new countries.   From the very basics, such as Health & Disability offerings or Life protection insurance, the offerings differ per country and company. Insurance principles across countries operate in the same manner, as there are detailed conditions that vary depending on the local regulations and norms. Companies need to ensure they comply and adapt their offerings to match those of the local regulatory framework.   Every country has its own norm and legal framework of employment laws and employee benefit offerings.  The science of balancing the differences across countries to match your company strategy and culture is something that must be done with your specialised insurance broker or consultant. Ideally, you should work with an insurer that has global knowledge and capabilities for employee benefits.   The COVID-19 pandemic demonstrated large losses for both public and private sector insurance companies. This is specifically relevant to insurance that involved Health, Disability, and Life. As a result, many private insurers increased their pricing in 2021, to cover the increase in cost and risk.  There are ways to mitigate the impact of these cost increases. These include:    1. Merging or “pooling’’ cost coverages and countries’ insurance offerings where you can,   2. and share the profits with insurers in times where costs are lower.   Pooling is a tool that allows companies with operations in different countries to match company strategy with local requirements and market standards. This helps to protect your talent by maximising coverage and minimising costs.   Whatever the solution is as to how you choose to manage your global employee benefits, it is important to ensure good coordination and communication with a specialised insurance consultant. Ideally, you will work with a local expert to advise on country-specific queries, but consult a global headquarters to advise on your global strategy and policies. Working side-by-side with either a domestic or global insurer will help you optimise your employee benefits. In conclusion, having a well-established Employee Benefits Programme helps companies to attract talent by demonstrating well-established policies and employee benefit programmes.    An example can be demonstrated when considering opening a company in Mexico. Two familiar challenges companies face include:  1. When a company is incorporated in Mexico, companies often have their contracts or project specifications drafted by US lawyers. In the USA, however, the wording of certain contracts obliges companies to purchase coverage for their employees, such as Workers Compensation Insurance with a reputable established insurance company. Our challenge is that we must explain that coverage in Mexico is provided by the “IMSS” (Social Security System), which is government-operated, however, it is paid by the employer and employee through the payroll.  2. Although some coverage is provided by the State of Mexico, companies must still provide a private Health and Life insurance programme which is to be owned by the ‘’mother’’ company in the United States. This is because the USA employer will provide a range of benefits which many employees will find attractive. The USA employer can advertise this to attract the best available talent. Depending on the size of the company and the number of employees, the programme can start from an individual policy, a smaller group policy hosting at least 10 employees, or grow into a robust programme over the years and analyse the feasibility of pooling. In Mexico, international insurers such as Metlife, AXA, and Zurich offer these options. Domestic companies such as Atlas, Argos, and GNP are also able to provide this service.   How to Get the International Expansion Ball Rolling  Expanding internationally is a challenge, but when done correctly, it can be a streamlined process that enhances your business hugely.Want to learn more about how to expand your business the simple way?    You can sign up for the Centuro Connect platform today. The platform has details on tax, immigration, market entry points, HR, marketing, and real estate - plus contactable reliable experts to help you ace your expansion. This means that no matter what stage of the expansion journey you’re at, support is there if you face a challenge. There’s no risk, no hidden costs, and no endless documentation to fill out. Just a wealth of guidance and support, here to aid you and your business throughout your international business expansion.

Mar 17, 2022
BlogHow to apply for The Portugal Golden Visa
Start A Company, Hr +2
How To Apply For The Portugal Golden Visa

Chinese nationals continue to be the main applicants of Portugal golden visas, however, there has been a decline, especially in this past year. The citizens of Brazil stand out in second place, albeit in a smaller dimension. In addition to China and Brazil, nationals from countries such as Turkey, South Africa, and Russia are part of the TOP 5 of applicants for the Portuguese Golden Visa. Other nationalities continue to emerge as new applicants, such as those from the United States and Jordan.  At the start of 2022, the Portugal golden visa program underwent changes that restrict the form of investment in Portugal, particularly with regards to real estate investment.  By altering this regime, the government aims to shift and channel foreign investment to the interior of the country, thus alleviating the pressure that has been felt in the metropolitan areas, in addition to encouraging investment that benefits the creation of new jobs, urban prequalification, and cultural heritage. The changes to the Portugal Golden Visa Program are essentially based on two pillars: • An increase in the minimum investment amounts, and • Restriction on the real estate investment.  Increase in minimum amounts of investment •  Transfers of capital are now of an amount equal to or greater than 1.5 million euros (the amount previously foreseen was equal to or greater than 1 million euros);  •  Investment in research or scientific activities carried out by the public or private scientific research institutions, integrated into the national scientific and technological system – investment amount equal to or greater than 500 thousand euros (previously, an amount equal to or greater than 350 thousand euros was required); •  Investment funds or venture capital funds dedicated to the capitalisation of companies, whose maturity, at the time of investment, is at least five years and, at least, 60% of the value of the investments is carried out in commercial companies based in Portugal – investment in the minimum amount of 500 thousand euros (in the previous law, the amount foreseen was equal to or greater than 350 thousand euros) •  Creation of jobs – investment amount equal to or greater than 500 thousand euros intended for:  -  The constitution of a commercial company based in Portugal, combined with the creation of five permanent jobs, or -  The reinforcement of the share capital of a commercial company headquartered in Portuguese territory, already constituted, with the creation or maintenance of jobs, with a minimum of five permanent jobs, and for a minimum period of three years (the amount previously foreseen was equal to or more than 350 thousand euros).Restrictions on real estate investments  This regime does not allow for the possibility of real estate investment for housing in the following areas: • Lisbon metropolitan area,  • Porto metropolitan area (with the exception of the municipality of Arouca and the parishes of Junqueira and Arões in the municipality of Vale de Cambra) and   • most of the Algarve (with the exception of the municipalities of Alcoutim, Aljezur, Castro Marim, Monchique and Vila do Bispo,   • The parishes of Alte, Ameixial, Salir, Union   • The parishes of Querença, Tôr and Benafim in the municipality of Loulé,  • The parish of São Marcos da Serra in the municipality of Silves,  • And the parishes of Cachopo, Santa Catarina da Fontes do Bispo in the municipality of Tavira)  It should be highlighted that property investment for tourism purposes, commerce, and services, does not apply to the territorial exclusions mentioned above.  It is important to note that when concerning real estate investment, there is no change in the minimum investment value — which is currently from 500 thousand euros for real estate, or a global amount equal to or greater than 350 thousand euros for the acquisition of real estate, a construction which has been completed for at least 30 years or located in an area of rehabilitation and carrying out rehabilitation works of the acquired real estate.The 20% reduction in values is also maintained if the property is located in territories considered to be of low density.  It should also be noted that these changes only affect new Portugal Golden Visa applications made from January 1, 2022.  Despite these updates, Portugal's Golden Visa Program continues to be highly advantageous. In addition to being able to obtain Portuguese Citizenship after five years, this modality does not mandate the individual to stay in Portugal for long periods of time. In fact, under this regime, the individual is only required to stay in Portugal for seven days in the first year, and 14 days in each of the following years.The benefits also include family reunification and travel visa-free in the Schengen Area.1 Investment data 2012 - 2021 provided by the SEF.Should you require more information or need help with applications for the Portuguese Golden Visa, don’t hesitate and send us an e-mail. We can help you Incorporate, Move and Manage your business, taxes, payroll and more in Portugal! 

Mar 15, 2022
BlogIs the USA still the ultimate goal for expanding companies?
Start A Company, Hr +2
Is The USA Still The Ultimate Goal For Expanding Companies?

The short answer is a big “Yes!”.  The United States still has the largest gross domestic product of any country in the world at $20.89 trillion. China is far second at $14.86 trillion, followed by Japan at far third with a GDP of $5.04 trillion.Being the largest consumer market in the world, the United States is indeed considered to be the ultimate goal for many scaling companies, a desirable location for their business to truly skyrocket.  On top of this, the World Bank ranks the United States sixth globally in terms of ease of doing business, demonstrating that the country has a keen focus on making it possible for companies to operate and thrive. That being said, the World Bank ranks the United States 55th in the world in terms of ease of starting a business here. In addition, a Business Roundtable comparative study ranked the United States 9th out of 10 countries examined with regards to immigration policies that promote economic growth.These statistics show that while the United States may represent a powerful launchpad that can take a company to levels of achievement unimaginable in any other location, entering the market takes grit, determination, and top experts guiding you along the way.  Watch our webinar on how to ensure long term success when expanding your business into the USAAlthough US immigration law is fairly complex and not necessarily ideal for facilitating economic growth as the study mentioned above explains, with a strong expert at your company’s side, it is definitely achievable. For the 81 countries that have an E-2 treaty with the United States, the E-2 Treaty Investor visa can often be an excellent and highly workable visa option for companies expanding to the United States.  The main requirements are as follows:  1. The new US company is at least 50% ultimately owned by citizens of the treaty country or is solely traded on the stock market of the treaty country.  2. The employees applying for the E-2 visas are citizens of the same treaty country.3. A “substantial investment” has been made in establishing the US business operations.  There is no set minimum amount for this requirement – it is looked at on a case-by-case basis and depends on how much it typically takes to start that type of business in that particular location in the United States.  4. The visa applicant is either an investor in the US business or an employee who will be working in either an executive/managerial or highly skilled capacity for the company in the United States.The E-2 is a great starting point in terms of visa options for companies expanding to the United States, but there are certainly others as well if the E-2 is not a good fit, such as the L-1A Intracompany Transferee New Office category, or the O-1 Extraordinary Ability category for highly accomplished business executives or entrepreneurs.For any Visa advice or support for the USA, contact us to speak to an expert directly. We can help you Incorporate, Move and Manage your business, taxes, payroll, and more in the USA and over 170 countries References  https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/  https://www.doingbusiness.org/en/rankings  https://www.businessroundtable.org/policy-perspectives/immigration/state-of-immigration  Disclaimer: This article is for informational purposes only and does not constitute formal legal advice.  In addition, this article may constitute attorney advertising. 

Mar 15, 2022
BlogGlobal immigration support for Ukraine | Blog
Start A Company, Hr +2
Global Immigration Support For Ukraine | Blog

We are actively monitoring the situation in Ukraine and will continue to update this post as more information becomes available. The purpose of this blog is to share helpful information with those fleeing Ukraine (Ukrainian and foreign nationals). We have included information from the Centuro Global Members, who are offering support to people on the ground as well as in surrounding countries. For immigration advice or support, please contact us. As the conflict in Ukraine continues to escalate, many nationals are fleeing the war for surrounding European nations and other countries abroad. The United Nations has estimated that over 2.3 Million refugees have already fled Ukraine since the crisis began on 24 February.The Ministry of Foreign affairs of Ukraine imposed Martial Law on 24 February 2022, meaning all Ukrainian Males aged between 18-60 are forbidden from leaving the country. The Czech Ministry of Defence has confirmed that even Ukrainian citizens residing abroad based on any type of residence permit, including second citizenship, must comply with the summon order to return to Ukraine to fight. A non-compliance with the order will be considered an act of treason.  We have summarized some helpful information and links relating to immigration concessions below:  Countries offering immigration concessions for Ukrainian and foreign nationals:   The European Union  Although Ukraine is not part of the European Union, the country has an Association Agreement with the EU. Ukrainian citizens are granted visa-free travel to the Schengen Area for a period of up to 90 days within any 180-day period. This means that Ukrainians can enter EU countries without a visa. Several European countries are preparing for an influx of Ukrainian refugees and have offered humanitarian help. The EU has also offered to accept Ukrainian refugees for up to three years, without asking them to apply for asylum.Further details are shared below for countries that have specified Visa Concessions for Ukrainians. If you have any questions and require immigration support, please get in touch with us.  Czech Republic  Our immigration partner Miroslav Mejtský in the Czech Republic has shared valuable immigration updates. The information can be accessed below.   What support is the Czech Republic providing  The Czech Republic is providing support for Ukrainian nationals looking to flee the country.  The Czech Embassy in Kyiv as well as the Consulate in L'viv has been closed today.  What does it mean? As the applications for the first long-term visas and residence permits must be submitted at the Embassy or Consulate of the Czech Republic, it will now not be possible for a Ukrainian citizen to submit a visa application to the Czech Republic and obtain a long-term residence there.  What if the Ukrainian national already submitted the application? If the application has already been submitted, the Immigration Authority shall continue the approval process, however, in case of the long-term visa applications, the long-term visas must be collected at the Embassy or Consulate where the application has been submitted. In case of the residence permits (e.g., Employee Card, Blue Card, Family Reunification), the residence permit can be collected at the Immigration Authority in the Czech Republic. Thanks to the visa-free regime for Ukrainian nationals holding biometric passports, long-term residence permit applicants can arrive (if possible) to the Czech Republic and wait for approval and collection of the residence permit on the territory of the Czech Republic.  As per the latest information, it will be possible to collect the long-term visas (once approved) at the designated Embassy of the Czech Republic during the time the diplomatic missions of the Czech Republic will be closed.  We were preparing our application to be filed, but the Embassy has closed, what shall we do now? As per the current legislation, it is not possible to file the first long-term visa and/or residence permit applications in the Czech Republic or at the Embassy of the Czech Republic in other countries than Ukraine (except the situation where the Ukrainian national holds a long-term residence permit in the other country).  However, we have thought about, prepared, and provided the government with two solutions for the situation within the scope of the current legislation:  A governmental program which will allow Ukrainian nationals without any residence permit to file their application in the Czech Republic,  Include Ukraine to the list of countries whose nationals can submit their application at any Embassy of the Czech Republic stipulated through a governmental decree no. 429/2010 Coll.  We have obtained information that the Immigration Authority is preparing a solution for this situation, and it can be recommended for Ukrainian nationals to arrive in the Czech Republic. Whilst the solution is not in place yet, the Immigration Authority ensured the solution will be in place until the 90 visa-free days will expire. Ukrainian nationals currently residing in the Czech Republic.  I have/our employee has been summoned to the Ukrainian army, what shell be done? We were able to obtain information from the Czech Ministry of Defense, which requested confirmation from the Ukrainian Ministry of Defense, that in case Ukrainian national residing abroad based on any type of residence permit, even based on second citizenship, must comply with the summon order and non-compliance with the order will be considered as an act of treason.  I am/our employee is in the Czech Republic based on short-term visa/visa-free regime which will expire soon, what shall be done? Provided the permit to stay in the Czech Republic expires in less than 14 days, it will be necessary to visit the Immigration Authority where it will be possible to apply for a special kind of long-term visa on the basis of the undergoing conflict in Ukraine.  The ministry of The Interior/Immigration has launched a new website and helplines with information for Ukrainian nationals. The website and the helpline contacts can be found under this link.   Hungary   What support is Hungary providing?Hungary has announced that all those fleeing the war will have a ‘’ friendly place’’ to stay upon arrival in Hungary. Hungary will allow everyone in, including those without travel documents, as well as people with other nationalities that are travelling from Ukraine. However, relevant screening protocols will apply.  For those without travel documents  Entry to Hungary is permitted for those without travel documents. The rule is that all refugees must be helped. This also applies to third-country nationals who are travelling to Hungary from Ukraine.  Individuals will be screened upon arrival. More information can be found here.For those with valid travel documents  Those who have a valid biometric passport are legally eligible to stay in Hungary for a period of 90 days. For those needing to stay for longer than 90 days, various visa options are available. Currently, concessions are in place. No further information is available at this time to understand what processes are needed for those intending to stay for longer durations. Please contact us should you wish to understand what other visa categories may apply to you. It is likely that efforts for concessions will continue.  Suggested Supporting Documents  If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  The official press release statement can be accessed here.  For further information on visa options available, please contact us.   Poland  What Support is Poland Providing?     The Polish authorities have stated that Ukrainian citizens fleeing the Russian military aggression against Ukraine will be admitted to Poland. Currently, Ukrainian citizens do not need to register or worry about formalities concerning immigration options at reception points.   There are multiple reception points at various border crossings and entry points. At these reception areas, all persons fleeing Ukraine and seeking refuge in Poland will be provided with food, basic medical treatment, and legal assistance.    For Ukrainian citizens already in Poland who are worried about their visas coming to an end, Polish authorities have advised that all legal stays will be extended. More detailed information on the support Poland is providing, including where to locate reception points, can be accessed by following these links:  Link1, Link2, and, Link3Work Permits    The Polish Family and Social Policy Minister have directed the country’s labour offices to fast-track work permit procedures for Ukrainian nationals. To understand the long-term visa options that may apply to Ukrainian citizens looking to relocate to Poland permanently, please contact us to discuss visa applications.   Suggested supporting documents   Polish authorities have stated that everyone who is fleeing the conflict will be admitted to Poland, even those who do not hold valid documents.  If possible, it is advised to bring carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education    Important Information    The Polish authorities have advised Ukrainian citizens to go to the nearest reception point if they do not have a place to stay in Poland. These reception points will provide food and the necessary medical services if needed.  The locations for the reception points can be found here. Covid-19 Vaccine    For citizens entering Poland who has not yet been vaccinated, options to receive a COVID-19 vaccine in Poland are available. Poland’s Health Minister has stated that Ukrainians can produce an ID document (if possible), which can be a permanent or temporary ID card or a passport, in order to receive their Covid-19 vaccine if they haven’t already.     Romania What Support is Romania providing? Romania will be also helping refugees with Hammond Partnership providing legal aid and assistance.  The contact point for Romania is Mihaela Lupu (mlupu@hplegal.ro).   Slovakia    What support is Slovakia providing?   Slovakia has announced that they will support the arrival of Ukrainian nationals fleeing the war. Ukraine has a visa-free entry regime with its neighbouring countries, meaning that refugees or persons fleeing war can pass the border. Slovakian authorities have stated that everyone who is fleeing the conflict will be admitted to Slovakia, even those who do not hold valid documents. The entry process will, however, change, depending on what documents the persons have on hand.  For more information, visit the official website.For those without valid travel documents  Those entering Slovakia without valid travel documents, (such as a valid biometric passport or ID card) can apply for temporary refuge or asylum within the territory of the Slovak Republic. A temporary refuge or asylum visa is granted at the border crossing or at the local police department. Those who require asylum or temporary refuge will be hosted by the Slovak Republic at three asylum facilities. Once asylum or temporary refuge has been granted, candidates may take up work without a work permit.  More information can be found here.For those with valid travel documents  Those who have a valid biometric passport are legally eligible to stay in the territory of the Slovak Republic for a period of 90 days. For those needing to stay for longer than 90 days, various visa options are available. These include any form of legal residence (such as temporary residence permits or family reunification visas).Please contact us should you wish to understand what other visa categories may apply to you. It is likely that efforts for concessions will continue.  Suggested Supporting Documents  If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important Information    Border Crossings    Authorities are taking steps to provide effective assistance at all border crossings. Border crossing locations can be found here: https://ua.gov.sk/en.html  Slovak firefighters have built temporary emergency camps for Ukrainian refugees and have increased the capacity of asylum facilities. CONTINUED HERE   

Mar 02, 2022
BlogGlobal immigration support for Ukraine (Continued)
Start A Company, Hr +2
Global Immigration Support For Ukraine (Continued)

Countries across the EU and world continue to update their policies and are adding additional visa concessions for Ukrainians affected by the conflict. Countries such as Italy, Germany are offering free accommodation and transport to Ukrainian Passport holders. The Deutsche Bahn announced it here.Canada  What support is Canada providing?  Canada has announced visa concessions for Ukrainians. The government is working hard to allow Ukrainians working, studying, and living in Canada to stay there. This work includes developing new measures to support Ukrainian nationals in Canada.   For Ukrainian nationals already in Canada   Canada is looking to support Ukrainian citizens already in Canada. The government has announced the following measures that they are working on urgently processing new and replacement passports and travel documents for citizens and permanent residents of Canada in Ukraine so they can return to Canada at any time. This includes immediate family members who will come with them.  Prioritizing applications from people who currently live in Ukraine for  permanent residence  proof of citizenship  temporary residence  citizenship grant for adoption  Adding new ways to make sure people who contact us get answers as fast as possible  Extending temporary public policy that lets some visitors in Canada, including Ukrainians, apply for a work permit from within Canada. This means people who get a job offer can stay in Canada and start working while their work permit application is processed.  Useful information for those already in Canada:  Extend or renew your status as a  visitor  worker  student  You may be able to apply for a work permit as a temporary resident    For Ukrainian nationals outside of Canada   Family visa   Canada offers immigration options that let Canadian citizens and permanent residents sponsor eligible family members to come to Canada. Applications will be prioritized for a family member who is a Ukrainian national outside Canada and one of the following family members:  your spouse or common-law or conjugal partner  your dependent child (including adopted children)  Suggested Supporting Documents   If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as; birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important information   Commercial routes out of Ukraine remain closed and extremely limited. The Ukrainian Air Space remains closed, citing high risk to safety. Russia has also closed its airspace for civilian flights on its western border.  To get access to Canada, individuals will likely have to travel via another country. All options should be safely considered and planned. Ireland  What support is Ireland providing?  Ireland has announced that they have lifted the visa requirements between Ukraine and Ireland. This is to support the swift exit of both the Ukrainian family members of Irish citizens and the family members of people from Ukraine who are residents in Ireland. This applies to all visa requirements, meaning Ukrainians can travel to Ireland visa-free. This also applies to Ukrainians already in Ireland who might need to have their visas temporarily extended. All Ukrainians who are currently on work, student, or visitor Visa in Ireland will have their visas temporarily extended or be provided with the opportunity to pursue other visa categories.  For more information, visit here. Suggested Supporting Documents If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important information  Commercial routes out of Ukraine remain closed and extremely limited. The Ukrainian Air Space remains closed, citing high risk to safety. Russia has also closed its airspace for civilian flights on its western border.  To get access to Ireland, applicants will likely have to travel via another country. All options should be safely considered and planned.  For more information visit here. United Kingdom   What support is the UK Government providing?The United Kingdom has announced visa concessions to support Ukrainians. These concessions mainly apply to Ukrainian citizens already in the UK. However, additional concessions, such as for those applying for a Family Migration Route visa, also apply.  For Ukrainian nationals already in the UK   A Ukrainian citizen in the UK now has the right to have their UK visa temporarily extended. All Ukrainians who are currently working, studying, or visiting the UK will have their visas temporarily extended or be provided with the opportunity to pursue other visa categories. More information can be found here.For Ukrainian nationals outside of the UK   Family migration visa   Ukrainians can apply for a Family Migration visa for free if they are family members of British nationals who usually live in Ukraine.  The criteria for what is defined as a British family member is as follows:  a spouse or civil partner  an unmarried partner (you must have been living together in a relationship for at least 2 years)  your parents if you are under the age of 18  your child under the age of 18  an adult relative you provide care for who lives with you due to a medical condition  The UK government has advised that the UKVI should be contacted before making an application. Candidates will be required to provide information about themselves and their family members.  Applications for this visa must be submitted at a UK Visa Application Centre (VAC). The VAC in Kyiv is now closed. For those still in Ukraine, applications can be made at the temporary location in L'viv. Alternatively, applications can be submitted at a VAC in a nearby country. These currently operate in: Poland  Romania  Hungary  Moldova  All other visa applicants will be unable to apply through a VAC in Ukraine. For more information on the various visa concessions offered by the UK government, visit here.Suggested Supporting Documents  If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important information  Commercial routes out of Ukraine remain closed and extremely limited. The Ukrainian Air Space remains closed, citing high risk to safety. Russia has also closed its airspace for civilian flights on its western border.  To get access to the UK, individuals will likely have to travel via another country. All options should be safely considered and planned.Globalaw lawyers Help Ukrainian Refugees and Asylum SeekersTo help deal with the huge influx of Ukrainian refugees, the law firms of Globalaw, the international law network are joining forces to advise refugees how to best and most efficiently legalize their stay and complete all underlying formalities.  Watch this space for information on the opening of help desks in Globalaw member firms.  In Poland, with over 120,000 refugees already while 1 million expected, DeBenedetti Majewski SzczeÅ›niak has already started over the past weekend.  The contact points for Poland are Magdalena MaÅ‚ocha and Anna Stasiewicz.If you require further immigration advice on visas that may be required, please do not hesitate to contact us.    

Mar 01, 2022
BlogUK introduces new visas for start-up founders, tech talent and entrepreneurs
Start A Company, Hr +2
UK Introduces New Visas For Start-up Founders, Tech Talent And Entrepreneurs

The UK government has proposed the introduction of three different visas in order to assist fast-growth companies to recruit workers overseas, attract graduates from the world's top universities, and pursue foreign entrepreneurs and founders of tech start-ups.These new additions to the UK visa system are deemed the “most attractive” in the world for high-skilled workers and entrepreneurs and will attempt to drive up productivity and economic growth in the country.The new visas will also open up further possibilities for employers based in the UK as well as for foreign business people who wish to explore options for coming into the UK to work without having to rely on a UK-based employer. They will also appeal to entrepreneurs and investors whose options for coming to the UK have been reduced in recent years.Applications will begin in the next few months for:Scale-up visa  The aim of the Scale-up visa is to make it easier and quicker for companies experiencing rapid growth to hire the best-skilled labor from around the world.Under this route:An individual must hold a high-skilled job offer with a salary of at least £33,000 and meet an English language requirement. Scale-ups will be able to apply to use the route through a fast-track verification process.To qualify as a scale-up, a business must have: Annual average revenue or employment growth rate over a 3-year period greater than 20%. A minimum of 10 employees at the start of the 3-year period. High Potential Individual visa  This will be open to high-potential graduates from top global universities. The definitions and eligibility requirements for ‘top global university’ and ‘high potential graduates’ have yet to be defined but are likely to respectively include a closed list of government-approved institutions, and characteristics such as age, salary, and postgraduate qualifications.This route will allow:Graduates relocate to the UK without first having secured a job. Settlement in the UK – the parameters and requirements of eligibility for permanent residence under this route have yet to be defined.Innovator visa  An innovator is also planned for 2022 and will seek to enable overseas investors and entrepreneurs to start and operate businesses in the UK that are either venture-backed or harnessing innovative technologies.Under this route: There will be greater flexibility – there will no longer be a requirement for applicants to have at least £50,000 in investment funds, provided that the applicant has sufficient funds to grow their business. Applicants will also be able to undertake work outside their primary business on this route. Business eligibility criteria will be streamlined and simplified – applicants will need to demonstrate that their business has the potential to grow, add value to the UK, and remain innovative. An option will exist to fast-track applications – applicants whose business ideas are ‘particularly advanced’ will have this option available to them. If you require further immigration advice on visas that may be required, please do not hesitate to contact us.   

Mar 01, 2022
BlogExpanding into Central America: Land of Investment Opportunities
Start A Company, Hr +2
Expanding Into Central America: Land Of Investment Opportunities

Central America is composed of five countries, Guatemala, Honduras, El Salvador, Nicaragua, and Costa Rica, that span an area of 422, 614 km2. The region is known around the globe for its exuberant forests, amazing volcanoes, paradisiacal beaches, and Mayan ruins, but there are more than natural wonders to discover. Let’s take a look at the investment potential of this rapidly-growing part of the world.Investing in Central America: What You Should KnowIn addition to these attractions, Central America has also become a great region for doing business because it has some specific characteristics that make the territory unique. These include:  Strategic location in the middle of the hemisphere, which not only provides a convenient time zone and accessible latitudes, but also airline service with frequent flights that connect the region with the world’s most popular airports.  Great human talent. The workforce is well educated, with most candidates speaking very good levels of English and fluent in many other languages. Compared to other jurisdictions looking to attract foreign direct investment, Central America shares a low cost of establishing a business and operating in the region. World-class facilities for international trade, including transportation and freight forwarding logistics.   The region has entered into trade agreements with main economies such as the United States and the European Union, which greatly facilitates international trade between Central America and the most active trade partners.  In addition to these common elements, each of the countries has designed tax packages and/or incentives to attract foreign direct investment.  Why Invest in Costa Rica?  Costa Rica has one of the best free trade zone systems in Latin America and during the past thirty years has attracted operations by the world’s most significant t transnational companies.It provides incentives to projects in manufacturing, services, and logistics, that range in investments from $100,000 (the minimum required for certain packages) to $10,000,000 and above for mega-projects.In exchange, projects get favorable tax treatment for periods up to 12 years, including income tax exemption, exemption on import duties for facilities construction materials, as well as subsequent operations, land tax exemption, and VAT exemption, among others. The country provides a great opportunity for nearshoring in the region:  Costa Rica is ranked number one in the Greenfield Performance Index for 2021. Furthermore, Costa Rica has also allowed the commercialization of products with CBD (100% free of THC) such as cosmetics, beverages, food, and natural medicine products.  Congress approved a law that authorizes the cultivation of cannabis and hemp for medical purposes, including the possibility of applying for the Free Trade Zone Regime and obtaining tax incentives for such activities.As a recovery response to the COVID-19 crisis, governments are investing in the infrastructure sector. The Government has announced the execution of five key mega-projects, including the construction of four different highways and a fast passenger train.Finally, Costa Rica is the ultimate host country for remote workers, who are looking to work from a setting that is both beautiful and lively.  Congress recently Recent immigration policies and tax incentives have been announced to help attract Investors, Rentiers, and Pensioners who are looking to relocate to Costa Rica.  Why Invest in Nicaragua?  Even though the country has faced political instability in past years, business opportunities continue to increase. The World Bank recently ranked Nicaragua is the third fastest growing economy in Central America for 2021 and foresees a continued recovery for years to come.Nicaragua offers varying opportunities for investors, including the major activities of gold and silver mining. Mining in Nicaragua has experienced significant growth in recent years thanks to the arrival of foreign direct investment. Mining represents  2.3% of Nicaragua’s GDP.Nicaragua also offers great opportunities for the Agro-industry. Agricultural products have been a significant portion of Nicaragua’s exports for many years. The high regional demand for food makes its large-scale production, processing, and packaging highly attractive to investors.In the Free Trade Zone field, the country offers tax incentives to attract projects for outsourcing services or export manufacturing operations.  Why Invest in Honduras?      Honduras offers great opportunities in the renewable energy sector through a law that promotes the generation of renewable energy and provides exemptions on customs duties for the import of equipment and accessories during a project’s construction period.In addition, certain types of projects qualify for a ten-year income tax exemption, or in the case of biofuel production exemption from taxes and fees for twelve years, as well as special treatment during the construction process. In the free trade zone sector, the country offers different tax incentives for call centers and manufacturing export companies, including exemptions on import duties for raw materials and equipment, VAT exemption for local purchases, and an income tax exemption for 15 years renewable for 10 more years.Honduras has also created “Zede” economic zones to attract foreign investment through reduced tax rates. The first such zone is called ZEDE Próspera and was established in Roatán, a paradisiac island located in the Caribbean. This ZEDE is expected to reach 10,000 inhabitants by 2025.Why Invest in Guatemala?   Guatemala’s economy is experiencing a highly positive moment: the World Bank now projects that in 2021 the country’s economy will grow 5.1%, a figure that surpasses the January forecast of 3.6%.Guatemala, the largest economy in Central America, offers opportunities in the free trade zone regime under a law called ZOLIC which was recently renewed to develop special economic zones. These are geographic areas under a special customs regime that allows the development of agricultural, industrial, and commercial activities to enjoy tax incentives.The entire purpose of the recent changes is to expand the development to other geographic areas outside the capital.  Congress in 2021 also approved a decree that amends the Free Zones Law. In Guatemala, free zones represent an attractive opportunity for investment since operations developed under the law’s jurisdiction give an investor the right to tax exemptions or preferential tax treatment.Guatemala is betting on new sectors including the production of animal food, leather, and footwear, the plastic industry and its manufacturers, recreation centers and hotels, ceramic products, medications, cosmetics, paintings, furniture, and processed food.Why invest in El Salvador?     El Salvador is the smallest country in Central America; however, it has great capabilities to boost its economic growth. Its economy is dollarized, which eliminates foreign exchange risk and lowers transaction and financial costs for investors.  The country has a high potential for the generation of renewable energy such as hydropower, wind power, solar, geothermal, and bioenergy. El Salvador has approved a Renewable Energy Tax Incentives law, aiding investment in the sector.More specifically, investors may have the opportunity to participate in international bidding for long-term twenty-year contracts that guarantee the purchase of energy. In addition, there are opportunities for bilateral agreements and smaller energy projects.The country also promotes the establishment of international service centers and operations that provide BPO services to international clients. El Salvador has seen this sector grow in recent years, with the Government providing tax incentives for companies that provide services to clients located abroad such as call centers, shared services centers, and information technologies operations.Finally, El Salvador has approved a Free Zones Law to encourage production for export as well as import and export activities through authorized distribution centers. ConclusionCentral America offers numerous opportunities for investors, especially for those seeking highly qualified human talent, cost-efficiency, diversification of the supply chain, and excellent trade connections with other markets. It is also a land blessed with magnificent natural attractions, the perfect setting to combine high-level business operations with unforgettable leisure hours.   Find out how we can help you expand your business into any Central American jurisdiction HERE.

Feb 28, 2022
BlogTop global expansion challenges to consider in 2022
Start A Company, Hr +2
Top Global Expansion Challenges To Consider In 2022

Is your company planning on expanding into a global market or new jurisdictions this year? Don’t let immigration challenges slow you down or get in your way.  Consider these important challenges when planning your expansion journey.Companies looking to expand into new markets are currently facing multiple challenges. Depending on a company’s business objective, assessing how to enter a new market is crucial. From economic challenges to cultural barriers, companies will have to adapt and strategise their market entry plan. The challenges of the COVID-19 pandemic have further amplified the complexities of new market entry. With a well-executed strategy, global expansion can lead to limitless opportunities for companies.  However, some of the key concerns that companies can expect to face when expanding into new markets in 2022 include:Complex and dynamic immigration policies: monitor the rules  The war on talent: global competition for recruiting highly skilled workers Adapting to the local business climate: product and solution positioningThis article intends to provide an overview of each of these considerations with actionable insights to assist your global expansion journey in 2022.Robust immigration policies Immigration is a key aspect of global expansion. Due to the complex and dynamic nature of global travel restrictions because of the COVID-19 pandemic, managers and employees need to have access to the latest information concerning border entry requirements and visa processing guidelines.On top of the traditional documents that will need to be submitted, and the usual timelines that apply, candidates may face conditions of entry surrounding COVID-19 mandates. Depending on the position and authority of the applicant, some concessions can be made.However, if we draw on the recent case of Novak Djokovic, the world’s top men’s tennis player whose visa into Australia was cancelled due to not meeting the necessary Australian COVID-19 entry requirements - key lessons for immigration can be learned. These include:Consult a local immigration partner who can advise on the various employment-based visa categories and eligibility requirements  Stay ahead of the latest entry requirements (such as proof of vaccination, testing requirements, quarantine policies, etc)  Gather and prepare all required documentation  Follow the laws and local guidelines and be aware of timeline delaysImmigration guidelines for every company will vary based on their immigration budget and talent needs. Therefore it is important that Human Resources and finance teams align to determine which strategy may work best for their organisation depending on priorities and budget.Adapting to the local business climate: product and solution positioningWhen companies expand into a new market, adjusting to the local business environment can be tricky. Some of the hurdle’s companies will have to overcome include:Understanding the local language Maintain appropriate business etiquette and incorporate local business culture  Navigate the tax and legal landscape  Understand the local HR protocols and procedures  Ensure they meet the necessary employment laws and standardsHiring a local workforce can help companies to adjust to the local business culture, improve interactions with clients and get to know their target audience. Before entering a new market, detailed market entry research must be conducted. This will assist with effective and efficient product and service positioning, that aligns with the needs of the local landscape and market needs.If a product or service needs to be slightly tweaked or positioned to meet the local standards, consulting with local experts and market specialists can assist with the product launch and growth prospects. This is a crucial part of the expansion journey as it allows the business to understand and engage with their new target market and allows for improved service delivery.The war on talent: attracting and retaining top talent The ‘war for talent’ refers to an increasingly competitive landscape for the recruitment and retention of talented employees. Despite the devastating economic impacts of the COVID-19 pandemic which led to millions of job losses, the global shortage of talent continues. This is especially relevant to managerial positions, defined as ‘’ a combination of sharp leadership skills, with a strategic mind, emotional maturity, strong communications skills, the ability to attract and inspire other talented people, entrepreneurial instincts, functional skills, and the ability to deliver results”.As a result, scaling companies need to be strategic in managing their workforce, whether it includes growing a local talent pool in a new desired location or attracting foreign talent. By developing dynamic policies and attractive benefits, HR teams can succeed in retaining and attracting new talent. Companies should consider:Incorporating flexible work options  Implementing rewards and recognition programs Investing in learning and development  Developing robust and strategic recruitment processes  Implement a seamless relocation program. Employees thrive when they are valued and recognised. Retaining talent requires organisations to regularly engage with their workforce, request feedback, and work on manageable solutions.ConclusionIt may never feel like the '' right time'' to expand into a new market, however, the benefits and opportunities it can provide well outweigh the risks. If you are looking to enter a new market but are not sure when or how to do so, explore Centuro Connect and contact one of our team.DOWNLOAD OUR FREE GUIDE BELOW                                                                                                                                                                                                                       

Feb 15, 2022
Blog
Start A Company, Hr +2
Top Countries With Remote Work Visas

Since the beginning of the COVID-19 pandemic, a surge of people around the world are experiencing newfound flexibility in their careers. The pandemic has allowed for a digital nomad revolution, with increased flexibility for employees to work from anywhere in the world.Consequently, several countries have responded by creating a new visa category for long and short-term digital nomads. These remote work visas allow employees to live where they want as they maintain their careers elsewhere. Given the multitude of countries offering remote work visas, ranging from Europe, and the Caribbean to the Middle East, employers and employees should familiarize themselves with the countries offering these visas and pick a country that best suits their needs and preferences.Of course, some factors make certain locations more attractive than others. These may include favourable weather conditions, low costs of living, low tax rates, and a laidback lifestyle are often frontrunners. Even so, rest assured that there is a country out there that is a perfect match for you.  Once you have decided on where to settle, remote work visas are typically easy to apply for online. For employees looking to work remotely, discover the popular locations to consider:   Dubai  In October 2020, Dubai introduced a one-year virtual work program that accepts applicants from around the world. If you are accepted, you get access to banking facilities, telephone providers, a resident ID, and the ability to rent an office and purchase a vehicle.The program also allows a multiple entry visa during its tenure but if the applicant is away from the country for more than 6 continuous months, the visa may be revoked. However, individuals can bypass this by entering Dubai on a tourist visa before fully committing to the one-year program.  The requirements   To apply for Dubai’s virtual work visa, you will require the following: - A passport with a 6-month minimum validity  - Health insurance with UAE coverage validity - If you are an employee, the following is required:  An employment contract with a minimum of one-year validity  A minimum monthly salary of US$5000  Previous month's payslip  3 months preceding bank statements    - Business owners should have:  Proof of ownership of their company  An average monthly income of $5000 and  3 months foregoing bank statements  Benefits   This remote work program comes with a lot of benefits that make it one of the most lucrative and popular digital nomad visas. Some of its benefits include:  - The program does not impose a personal income tax at all- Unlimited access to standard utilities and services that residents enjoy. These include schooling, banking facilities, phone lines, a resident ID, and the ability to rent an office and buy a car - A seamless and affordable application process. To apply, you will only have to part with $611 in total. This includes processing costs, application fees, an Emirates ID, and a pre-application medical exam  - The program accepts travel insurance with healthcare coverage which you can later change to UAE health insurance after your visa application is acceptedRisks and challenges to consider   Besides its benefits, this program comes with several compliance risks that individuals should be aware of before submitting their applications. These include:  - As a virtual working visa holder, you are not allowed to work for local companies- If you are away from the country for over 6 months continuously your visa will be revoked Before making the leap, consult with our immigration experts to assess and strategize on how to overcome potential risks and challenges.How to apply  Application for this remote work visa is done online. If Dubai appeals to you, you can apply by contacting us.   Estonia  Estonia is a flourishing international tech hub so it comes as no surprise that it offers a digital nomad visa for remote workers and freelancers along with an e-residency visa program for foreign online entrepreneurs.The E-residency visa allows foreign nationals to work in Estonia for up to one year for their businesses registered abroad while the digital nomad visa allows people to work for foreign employers in a remote position. If the individual stays in the country for over 183 days in a consecutive 12-month duration, they will be required to pay taxes.  In Estonia, there are 2 types of digital nomad visas. The best one to apply for depends on the duration that best suits the applicant.  - If the individual is planning to stay in the country for less than 90 days, apply for the Type C Digital Nomad Visa - If the individual's stay will exceed 90 days, apply for the Type D Digital Nomad Visa  The requirements  Like most Visas, you have to be eligible before making an application for the Estonia Digital Nomad Visa. To be eligible: - You must have a current employment contract with a company or business registered outside of the country- The company owner should be registered overseas and not in the country. If the individual is applying as a freelancer, clients must be located out of Estonia  - The minimum income requirement is €3504 per month (before tax deductions). Moreover, individuals have to prove that they have earned the amount mentioned for over six months- They must prove that they can work remotely and independently  -  Work has to be done using communication technology such as cell phones, laptops, Wi-Fi, etc.  Benefits  - Successful applicants get a government-issued digital identity for online and personal uses  - Obtain access to Estonia’s e-services such as banking, payments, and tax declarations - Affordable application fees and minimal bureaucracy- Obtain the right to work remotely and stay in Estonia for a yearHow to apply  - The application fee is 100€ for a (long stay) Type D visa and 80€ for a (short stay) Type C visa. If you would like to apply, contact us - Once printed and signed, visit an Estonian consulate or embassy and submit your application. The review process takes up to 30 days - If you or one of your employees are already in the country and would like to make this application, you can do so in any Police and Border Guard Board office Risks and challenges to consider  In Estonia, there are eligibility restrictions based on the sector of your work or country of origin. Even so, applications can be denied if you can't travel to Estonia due to COVID-19 restrictions.  Georgia  If you are an applicant looking for a place with a dynamic food and wine culture, you should consider Georgia. Its landscape and ease of living rival that of Switzerland making it an ideal place for remote workers. In August 2020, the country launched a remote work program that welcomes long and short-term visitors from 95 countries.Though it is not technically a visa, it allows freelancers and remote employees to enter the country and live there for about a year. The program is designed for remote employees, freelancers, and entrepreneurs who want to work and live in the country without restrictions.  The requirements  To qualify for the remote work program, your applicants need to fulfil the following requirements:  - Be a citizen of the 95 countries on this list  - Have a minimum income of $2000 a month for at least 12 months (applicants can also get approved if they have $24000 in savings) - Present travel or health insurance that has been bought within the last 6 months - Unvaccinated applicants are also required to undergo an 8-day quarantine in an approved hotel and get a PCR test on the 8th day at their own expense - Vaccinated applicants need to prove that they have received 2 Covid-19 dosesBenefits  This package comes with its share of benefits. These include:  - Unlimited access to standard utilities and services such as schooling, and banking facilities - A seamless and affordable application process. There are no fees charged to applicants - The program accepts travel insurance with healthcare coverage  - Length of stay: 360 days  - Digital nomads with an annual income of $150,000 qualify to register as entrepreneurs and pay only 1% tax  Risks and challenges to consider  Some of the challenges that applicants should be aware of before committing to the program include: - Freelancers and remote workers under the program are required to pay income tax - The national language can be difficult for applicants from English-speaking countries  How to apply  Applications are done online and applicants need to specify whether they are full-time employees, entrepreneurs, or freelancers.   Bermuda  Bermuda boasts a well-earned reputation as a clean, open, safe, and beautiful country to live and work in. These factors drive many visitors to choose it as a place to work, study, and live. To address this need, the country introduced a Work from Bermuda Certificate which allows freelancers and remote workers to work on the island.   The Requirements  Your applicants will require very little information to apply for the Work from Bermuda Certificate. The requirements include:   - A colour scan of their passport plus validity for the entire duration of their stay  - A colour scan of their visa if they are not entering from the United Kingdom, United States, Canada, and the European Union  - Valid travel or health insurance with Bermuda coverage - No convictions  - Proof of a continuous source of income  Benefits - The Work from Bermuda Certificate allows applicants to work and live in the country for up to one year from the date of issue - There are no salary requirements  - The program does not impose a personal income tax at all- Access to Bermuda’s services and utilities such as banking and transportation  Risks and challenges to consider  - The program requires that each individual in a family apply separately be it a child or adult- You will have to part with $268 application fee  How to apply  Applications are done online and you can do so here.   The future of work is changing for many individuals who are looking to work in exciting new locations. There are dozens of other countries that offer remote working visas or digital nomad visas. Stay compliant and discover the various ways you can work from anywhere. Contact us for more information.    

Apr 11, 2022
Blog
Start A Company, Hr +2
How To Set Up A Company In Ireland

There are many reasons why companies should consider Ireland for expanding their business. Ireland is one of the top countries to set up within Europe. When considering the tax landscape, accessibility, consumers, as well as many other factors, companies realise the location's vital role.  Top-rated companies such as Microsoft, Facebook, and Google operate in Ireland. Many of these companies have chosen Ireland for several reasons including; low Corporate Tax rates of 12.5%; holding company incentives; the average cost of living and because the Ireland government is actively involved in economic productivity and very welcoming of foreign corporations.To establish an entity in Ireland, the following information is important to consider.  Practical Steps on How to Establish a Business in Ireland   What steps do you need to take till you have your business up and running in Ireland?  Assess the market    Assessment of the market is a crucial step preceding the establishment of a company in Ireland or anywhere. Assessing the market entails grasping what a particular industry is all about, what it encompasses, and familiarising yourself with your soon-to-be competitors. Understanding how to position your product or service in a new country is also key to success.  Another vital consideration about market assessment is knowing your audience. Discovering the demographic or faction your likely consumers fall into cannot be overemphasised. It helps in strategising properly and saving time and cost.  Business incorporation   Business incorporation involves deciding your business structure, whether you want a sole proprietorship, a partnership, or a limited company. This article will be discussing what the process is like when it involves a limited liability company. If you are looking to discover other business incorporation options available, please contact us.  Limited Liability Company (LLC)  A limited liability company (LLC) doubles as a corporation and maybe a sole proprietorship or partnership, as it possesses characteristics of both. An LLC protects its owners from being personally liable for the debts incurred by the company. Now, what is the incorporation process?  - Designate a director.  The first step to incorporating your business is to designate a minimum of one director who will manage the company's affairs in the interests of the shareholders. This director, however, must reside in a European Economic Area (EEA).  In a case where you have more than one director, and one of them resides in an EEA state, you're qualified to establish your company. Another alternative is purchasing the bond of €25,000 as contained in section 137 of the Companies Act 2014.  - Existence of shareholders. A director may be a shareholder, but not in all cases. Essentially, shareholders own shares or stocks in a corporation; they are its owners.  - Select a secretary.  In this setting, a secretary transcends the everyday meaning of a secretary. One of the directors could double as a secretary as it is a crucial position, or a different person can be hired. The secretary is tasked with filing yearly returns and other essential activities, which, when defaulted, could attract stringent sanctions.  - Allocation of shares. Distributing a company's stocks or shares is fundamental, seeing as the process may determine the parties that own a company. When establishing a limited liability company in Ireland, you have to allocate shares.  - Brainstorm and cross-check a name for your company. When the idea of establishing a business in Ireland comes to mind, we suppose you must have thought up several names you'd like your company to have. That's good. However, the name you decide to give your company must satisfy the standards of the Companies Registration Office.  - Addresses. A company could have two or even three different addresses, or it could have just one. A company may choose to have office and mailing addresses. An office address is a physical location where meetings are held. In comparison, the company's mail goes to the mailing address. Most companies that adopt the dual address structure are small companies.  - Sign the document. Finally, you have to attach your signature to the incorporation documents through Companies Online Registration Environment (CORE), or you could hire an expert to handle the process.  Opening a Business Bank Account   It is advisable to conduct your research and filter through the banks that would be the most favourable in terms of fees and related matters. To open an account, you may need an array of documents which include forms of ID, a mandate signed by the directors, signature samples of authorised people, a Memorandum of Association (MoA), proof of your company's registration and location, and your incorporation certificate.  Tax Structure   If your company has a director in Ireland, your company is to pay a corporate tax of 12.5% of its profit. You may need to pay other taxes such as Pay Related Social Insurance (PRSI), depending on the company.  There are exceptions, however. Section 486C provides for tax payment relief if specific criteria are fulfilled. They range from the type of trade to the total amount of payable corporation tax.Hiring Local Employees/ Immigration Options   Ireland is known for its highly educated and impressive workforce. However, it is relatively expensive to hire local employees, and there are employment laws guiding the process, including the average hours employees are allowed to work per week in Ireland. As a resident of an EEA country, you are allowed to employ or be employed without any restrictions.  However, as a person who doesn't belong to an EEA country, the UK, or Switzerland, you need to be offered employment, then apply to obtain a relevant work permit or visa (if it's required in your case). There are various kinds of work permits, one of them being the critical skills employment permit; which is for adept workers in fields where there is a shortage of manpower, in Ireland. Other kinds of work permits include general employment work permits, internship work permits, partner/family work permits, among others.  Ireland work visa, classified under the "D visa", is open to self-employed and high skill work employees. It is advisable to apply three months before going to Ireland and is a long process that requires a lot of documents to prove that you qualify. You will have to fill out a work visa application form, provide an authentic passport, your contract of employment, and several other supporting documents.  If you're interested in moving to Ireland for work, you may easily be overwhelmed by the whole process if you're on your own. With the right help, the whole process is a lot easier.  Ireland is a welcoming country that boasts of being home to over 1,000 successful multinational companies. Why don't you give it a try and add your name to the list of successful companies in Ireland? We can help you Incorporate, Move and Manage your business, taxes, payroll, and more in Ireland.  Don’t hesitate and send us an e-mail.With our intelligence on 170countries, OPEN FOR BUSINESS Guide rounds up the best countries to consider for international expansion including Ireland with up-to-date tax and immigration systems to guide you through the maze of business practices and make good decisions. Download it below.

Mar 18, 2022
Blog
Start A Company, Hr +2
GOING GLOBAL: CONSIDERATIONS FOR EMPLOYEE BENEFITS, INSURANCE, AND RECRUITMENT

Whether you are a traditional family business, or a fast-growing startup expanding overseas — several aspects must be implemented or strategically planned to have a smoother landing in a new authority. Building a strong workforce and having a positive team environment are key elements that will allow companies to enter a new market more successfully. A good company culture generates talent attraction. As companies are waging the war on talent, there are several components of employee benefits that will need to be incorporated to ensure employee satisfaction. Employee benefits are a pillar of workforce resilience that helps to create a symbiosis between the employer and employee.Insurance is a key vehicle to help build the best employee benefits experience. Demonstrating care and offerings towards business associates is an important message companies should share about employee benefits. As a result, companies need to consider adapting their original practices to align with employment laws, local standards, and benefits in new countries.   From the very basics, such as Health & Disability offerings or Life protection insurance, the offerings differ per country and company. Insurance principles across countries operate in the same manner, as there are detailed conditions that vary depending on the local regulations and norms. Companies need to ensure they comply and adapt their offerings to match those of the local regulatory framework.   Every country has its own norm and legal framework of employment laws and employee benefit offerings.  The science of balancing the differences across countries to match your company strategy and culture is something that must be done with your specialised insurance broker or consultant. Ideally, you should work with an insurer that has global knowledge and capabilities for employee benefits.   The COVID-19 pandemic demonstrated large losses for both public and private sector insurance companies. This is specifically relevant to insurance that involved Health, Disability, and Life. As a result, many private insurers increased their pricing in 2021, to cover the increase in cost and risk.  There are ways to mitigate the impact of these cost increases. These include:    1. Merging or “pooling’’ cost coverages and countries’ insurance offerings where you can,   2. and share the profits with insurers in times where costs are lower.   Pooling is a tool that allows companies with operations in different countries to match company strategy with local requirements and market standards. This helps to protect your talent by maximising coverage and minimising costs.   Whatever the solution is as to how you choose to manage your global employee benefits, it is important to ensure good coordination and communication with a specialised insurance consultant. Ideally, you will work with a local expert to advise on country-specific queries, but consult a global headquarters to advise on your global strategy and policies. Working side-by-side with either a domestic or global insurer will help you optimise your employee benefits. In conclusion, having a well-established Employee Benefits Programme helps companies to attract talent by demonstrating well-established policies and employee benefit programmes.    An example can be demonstrated when considering opening a company in Mexico. Two familiar challenges companies face include:  1. When a company is incorporated in Mexico, companies often have their contracts or project specifications drafted by US lawyers. In the USA, however, the wording of certain contracts obliges companies to purchase coverage for their employees, such as Workers Compensation Insurance with a reputable established insurance company. Our challenge is that we must explain that coverage in Mexico is provided by the “IMSS” (Social Security System), which is government-operated, however, it is paid by the employer and employee through the payroll.  2. Although some coverage is provided by the State of Mexico, companies must still provide a private Health and Life insurance programme which is to be owned by the ‘’mother’’ company in the United States. This is because the USA employer will provide a range of benefits which many employees will find attractive. The USA employer can advertise this to attract the best available talent. Depending on the size of the company and the number of employees, the programme can start from an individual policy, a smaller group policy hosting at least 10 employees, or grow into a robust programme over the years and analyse the feasibility of pooling. In Mexico, international insurers such as Metlife, AXA, and Zurich offer these options. Domestic companies such as Atlas, Argos, and GNP are also able to provide this service.   How to Get the International Expansion Ball Rolling  Expanding internationally is a challenge, but when done correctly, it can be a streamlined process that enhances your business hugely.Want to learn more about how to expand your business the simple way?    You can sign up for the Centuro Connect platform today. The platform has details on tax, immigration, market entry points, HR, marketing, and real estate - plus contactable reliable experts to help you ace your expansion. This means that no matter what stage of the expansion journey you’re at, support is there if you face a challenge. There’s no risk, no hidden costs, and no endless documentation to fill out. Just a wealth of guidance and support, here to aid you and your business throughout your international business expansion.

Mar 17, 2022
Blog
Start A Company, Hr +2
How To Apply For The Portugal Golden Visa

Chinese nationals continue to be the main applicants of Portugal golden visas, however, there has been a decline, especially in this past year. The citizens of Brazil stand out in second place, albeit in a smaller dimension. In addition to China and Brazil, nationals from countries such as Turkey, South Africa, and Russia are part of the TOP 5 of applicants for the Portuguese Golden Visa. Other nationalities continue to emerge as new applicants, such as those from the United States and Jordan.  At the start of 2022, the Portugal golden visa program underwent changes that restrict the form of investment in Portugal, particularly with regards to real estate investment.  By altering this regime, the government aims to shift and channel foreign investment to the interior of the country, thus alleviating the pressure that has been felt in the metropolitan areas, in addition to encouraging investment that benefits the creation of new jobs, urban prequalification, and cultural heritage. The changes to the Portugal Golden Visa Program are essentially based on two pillars: • An increase in the minimum investment amounts, and • Restriction on the real estate investment.  Increase in minimum amounts of investment •  Transfers of capital are now of an amount equal to or greater than 1.5 million euros (the amount previously foreseen was equal to or greater than 1 million euros);  •  Investment in research or scientific activities carried out by the public or private scientific research institutions, integrated into the national scientific and technological system – investment amount equal to or greater than 500 thousand euros (previously, an amount equal to or greater than 350 thousand euros was required); •  Investment funds or venture capital funds dedicated to the capitalisation of companies, whose maturity, at the time of investment, is at least five years and, at least, 60% of the value of the investments is carried out in commercial companies based in Portugal – investment in the minimum amount of 500 thousand euros (in the previous law, the amount foreseen was equal to or greater than 350 thousand euros) •  Creation of jobs – investment amount equal to or greater than 500 thousand euros intended for:  -  The constitution of a commercial company based in Portugal, combined with the creation of five permanent jobs, or -  The reinforcement of the share capital of a commercial company headquartered in Portuguese territory, already constituted, with the creation or maintenance of jobs, with a minimum of five permanent jobs, and for a minimum period of three years (the amount previously foreseen was equal to or more than 350 thousand euros).Restrictions on real estate investments  This regime does not allow for the possibility of real estate investment for housing in the following areas: • Lisbon metropolitan area,  • Porto metropolitan area (with the exception of the municipality of Arouca and the parishes of Junqueira and Arões in the municipality of Vale de Cambra) and   • most of the Algarve (with the exception of the municipalities of Alcoutim, Aljezur, Castro Marim, Monchique and Vila do Bispo,   • The parishes of Alte, Ameixial, Salir, Union   • The parishes of Querença, Tôr and Benafim in the municipality of Loulé,  • The parish of São Marcos da Serra in the municipality of Silves,  • And the parishes of Cachopo, Santa Catarina da Fontes do Bispo in the municipality of Tavira)  It should be highlighted that property investment for tourism purposes, commerce, and services, does not apply to the territorial exclusions mentioned above.  It is important to note that when concerning real estate investment, there is no change in the minimum investment value — which is currently from 500 thousand euros for real estate, or a global amount equal to or greater than 350 thousand euros for the acquisition of real estate, a construction which has been completed for at least 30 years or located in an area of rehabilitation and carrying out rehabilitation works of the acquired real estate.The 20% reduction in values is also maintained if the property is located in territories considered to be of low density.  It should also be noted that these changes only affect new Portugal Golden Visa applications made from January 1, 2022.  Despite these updates, Portugal's Golden Visa Program continues to be highly advantageous. In addition to being able to obtain Portuguese Citizenship after five years, this modality does not mandate the individual to stay in Portugal for long periods of time. In fact, under this regime, the individual is only required to stay in Portugal for seven days in the first year, and 14 days in each of the following years.The benefits also include family reunification and travel visa-free in the Schengen Area.1 Investment data 2012 - 2021 provided by the SEF.Should you require more information or need help with applications for the Portuguese Golden Visa, don’t hesitate and send us an e-mail. We can help you Incorporate, Move and Manage your business, taxes, payroll and more in Portugal! 

Mar 15, 2022
Blog
Start A Company, Hr +2
Is The USA Still The Ultimate Goal For Expanding Companies?

The short answer is a big “Yes!”.  The United States still has the largest gross domestic product of any country in the world at $20.89 trillion. China is far second at $14.86 trillion, followed by Japan at far third with a GDP of $5.04 trillion.Being the largest consumer market in the world, the United States is indeed considered to be the ultimate goal for many scaling companies, a desirable location for their business to truly skyrocket.  On top of this, the World Bank ranks the United States sixth globally in terms of ease of doing business, demonstrating that the country has a keen focus on making it possible for companies to operate and thrive. That being said, the World Bank ranks the United States 55th in the world in terms of ease of starting a business here. In addition, a Business Roundtable comparative study ranked the United States 9th out of 10 countries examined with regards to immigration policies that promote economic growth.These statistics show that while the United States may represent a powerful launchpad that can take a company to levels of achievement unimaginable in any other location, entering the market takes grit, determination, and top experts guiding you along the way.  Watch our webinar on how to ensure long term success when expanding your business into the USAAlthough US immigration law is fairly complex and not necessarily ideal for facilitating economic growth as the study mentioned above explains, with a strong expert at your company’s side, it is definitely achievable. For the 81 countries that have an E-2 treaty with the United States, the E-2 Treaty Investor visa can often be an excellent and highly workable visa option for companies expanding to the United States.  The main requirements are as follows:  1. The new US company is at least 50% ultimately owned by citizens of the treaty country or is solely traded on the stock market of the treaty country.  2. The employees applying for the E-2 visas are citizens of the same treaty country.3. A “substantial investment” has been made in establishing the US business operations.  There is no set minimum amount for this requirement – it is looked at on a case-by-case basis and depends on how much it typically takes to start that type of business in that particular location in the United States.  4. The visa applicant is either an investor in the US business or an employee who will be working in either an executive/managerial or highly skilled capacity for the company in the United States.The E-2 is a great starting point in terms of visa options for companies expanding to the United States, but there are certainly others as well if the E-2 is not a good fit, such as the L-1A Intracompany Transferee New Office category, or the O-1 Extraordinary Ability category for highly accomplished business executives or entrepreneurs.For any Visa advice or support for the USA, contact us to speak to an expert directly. We can help you Incorporate, Move and Manage your business, taxes, payroll, and more in the USA and over 170 countries References  https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/  https://www.doingbusiness.org/en/rankings  https://www.businessroundtable.org/policy-perspectives/immigration/state-of-immigration  Disclaimer: This article is for informational purposes only and does not constitute formal legal advice.  In addition, this article may constitute attorney advertising. 

Mar 15, 2022
Blog
Start A Company, Hr +2
Global Immigration Support For Ukraine | Blog

We are actively monitoring the situation in Ukraine and will continue to update this post as more information becomes available. The purpose of this blog is to share helpful information with those fleeing Ukraine (Ukrainian and foreign nationals). We have included information from the Centuro Global Members, who are offering support to people on the ground as well as in surrounding countries. For immigration advice or support, please contact us. As the conflict in Ukraine continues to escalate, many nationals are fleeing the war for surrounding European nations and other countries abroad. The United Nations has estimated that over 2.3 Million refugees have already fled Ukraine since the crisis began on 24 February.The Ministry of Foreign affairs of Ukraine imposed Martial Law on 24 February 2022, meaning all Ukrainian Males aged between 18-60 are forbidden from leaving the country. The Czech Ministry of Defence has confirmed that even Ukrainian citizens residing abroad based on any type of residence permit, including second citizenship, must comply with the summon order to return to Ukraine to fight. A non-compliance with the order will be considered an act of treason.  We have summarized some helpful information and links relating to immigration concessions below:  Countries offering immigration concessions for Ukrainian and foreign nationals:   The European Union  Although Ukraine is not part of the European Union, the country has an Association Agreement with the EU. Ukrainian citizens are granted visa-free travel to the Schengen Area for a period of up to 90 days within any 180-day period. This means that Ukrainians can enter EU countries without a visa. Several European countries are preparing for an influx of Ukrainian refugees and have offered humanitarian help. The EU has also offered to accept Ukrainian refugees for up to three years, without asking them to apply for asylum.Further details are shared below for countries that have specified Visa Concessions for Ukrainians. If you have any questions and require immigration support, please get in touch with us.  Czech Republic  Our immigration partner Miroslav Mejtský in the Czech Republic has shared valuable immigration updates. The information can be accessed below.   What support is the Czech Republic providing  The Czech Republic is providing support for Ukrainian nationals looking to flee the country.  The Czech Embassy in Kyiv as well as the Consulate in L'viv has been closed today.  What does it mean? As the applications for the first long-term visas and residence permits must be submitted at the Embassy or Consulate of the Czech Republic, it will now not be possible for a Ukrainian citizen to submit a visa application to the Czech Republic and obtain a long-term residence there.  What if the Ukrainian national already submitted the application? If the application has already been submitted, the Immigration Authority shall continue the approval process, however, in case of the long-term visa applications, the long-term visas must be collected at the Embassy or Consulate where the application has been submitted. In case of the residence permits (e.g., Employee Card, Blue Card, Family Reunification), the residence permit can be collected at the Immigration Authority in the Czech Republic. Thanks to the visa-free regime for Ukrainian nationals holding biometric passports, long-term residence permit applicants can arrive (if possible) to the Czech Republic and wait for approval and collection of the residence permit on the territory of the Czech Republic.  As per the latest information, it will be possible to collect the long-term visas (once approved) at the designated Embassy of the Czech Republic during the time the diplomatic missions of the Czech Republic will be closed.  We were preparing our application to be filed, but the Embassy has closed, what shall we do now? As per the current legislation, it is not possible to file the first long-term visa and/or residence permit applications in the Czech Republic or at the Embassy of the Czech Republic in other countries than Ukraine (except the situation where the Ukrainian national holds a long-term residence permit in the other country).  However, we have thought about, prepared, and provided the government with two solutions for the situation within the scope of the current legislation:  A governmental program which will allow Ukrainian nationals without any residence permit to file their application in the Czech Republic,  Include Ukraine to the list of countries whose nationals can submit their application at any Embassy of the Czech Republic stipulated through a governmental decree no. 429/2010 Coll.  We have obtained information that the Immigration Authority is preparing a solution for this situation, and it can be recommended for Ukrainian nationals to arrive in the Czech Republic. Whilst the solution is not in place yet, the Immigration Authority ensured the solution will be in place until the 90 visa-free days will expire. Ukrainian nationals currently residing in the Czech Republic.  I have/our employee has been summoned to the Ukrainian army, what shell be done? We were able to obtain information from the Czech Ministry of Defense, which requested confirmation from the Ukrainian Ministry of Defense, that in case Ukrainian national residing abroad based on any type of residence permit, even based on second citizenship, must comply with the summon order and non-compliance with the order will be considered as an act of treason.  I am/our employee is in the Czech Republic based on short-term visa/visa-free regime which will expire soon, what shall be done? Provided the permit to stay in the Czech Republic expires in less than 14 days, it will be necessary to visit the Immigration Authority where it will be possible to apply for a special kind of long-term visa on the basis of the undergoing conflict in Ukraine.  The ministry of The Interior/Immigration has launched a new website and helplines with information for Ukrainian nationals. The website and the helpline contacts can be found under this link.   Hungary   What support is Hungary providing?Hungary has announced that all those fleeing the war will have a ‘’ friendly place’’ to stay upon arrival in Hungary. Hungary will allow everyone in, including those without travel documents, as well as people with other nationalities that are travelling from Ukraine. However, relevant screening protocols will apply.  For those without travel documents  Entry to Hungary is permitted for those without travel documents. The rule is that all refugees must be helped. This also applies to third-country nationals who are travelling to Hungary from Ukraine.  Individuals will be screened upon arrival. More information can be found here.For those with valid travel documents  Those who have a valid biometric passport are legally eligible to stay in Hungary for a period of 90 days. For those needing to stay for longer than 90 days, various visa options are available. Currently, concessions are in place. No further information is available at this time to understand what processes are needed for those intending to stay for longer durations. Please contact us should you wish to understand what other visa categories may apply to you. It is likely that efforts for concessions will continue.  Suggested Supporting Documents  If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  The official press release statement can be accessed here.  For further information on visa options available, please contact us.   Poland  What Support is Poland Providing?     The Polish authorities have stated that Ukrainian citizens fleeing the Russian military aggression against Ukraine will be admitted to Poland. Currently, Ukrainian citizens do not need to register or worry about formalities concerning immigration options at reception points.   There are multiple reception points at various border crossings and entry points. At these reception areas, all persons fleeing Ukraine and seeking refuge in Poland will be provided with food, basic medical treatment, and legal assistance.    For Ukrainian citizens already in Poland who are worried about their visas coming to an end, Polish authorities have advised that all legal stays will be extended. More detailed information on the support Poland is providing, including where to locate reception points, can be accessed by following these links:  Link1, Link2, and, Link3Work Permits    The Polish Family and Social Policy Minister have directed the country’s labour offices to fast-track work permit procedures for Ukrainian nationals. To understand the long-term visa options that may apply to Ukrainian citizens looking to relocate to Poland permanently, please contact us to discuss visa applications.   Suggested supporting documents   Polish authorities have stated that everyone who is fleeing the conflict will be admitted to Poland, even those who do not hold valid documents.  If possible, it is advised to bring carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education    Important Information    The Polish authorities have advised Ukrainian citizens to go to the nearest reception point if they do not have a place to stay in Poland. These reception points will provide food and the necessary medical services if needed.  The locations for the reception points can be found here. Covid-19 Vaccine    For citizens entering Poland who has not yet been vaccinated, options to receive a COVID-19 vaccine in Poland are available. Poland’s Health Minister has stated that Ukrainians can produce an ID document (if possible), which can be a permanent or temporary ID card or a passport, in order to receive their Covid-19 vaccine if they haven’t already.     Romania What Support is Romania providing? Romania will be also helping refugees with Hammond Partnership providing legal aid and assistance.  The contact point for Romania is Mihaela Lupu (mlupu@hplegal.ro).   Slovakia    What support is Slovakia providing?   Slovakia has announced that they will support the arrival of Ukrainian nationals fleeing the war. Ukraine has a visa-free entry regime with its neighbouring countries, meaning that refugees or persons fleeing war can pass the border. Slovakian authorities have stated that everyone who is fleeing the conflict will be admitted to Slovakia, even those who do not hold valid documents. The entry process will, however, change, depending on what documents the persons have on hand.  For more information, visit the official website.For those without valid travel documents  Those entering Slovakia without valid travel documents, (such as a valid biometric passport or ID card) can apply for temporary refuge or asylum within the territory of the Slovak Republic. A temporary refuge or asylum visa is granted at the border crossing or at the local police department. Those who require asylum or temporary refuge will be hosted by the Slovak Republic at three asylum facilities. Once asylum or temporary refuge has been granted, candidates may take up work without a work permit.  More information can be found here.For those with valid travel documents  Those who have a valid biometric passport are legally eligible to stay in the territory of the Slovak Republic for a period of 90 days. For those needing to stay for longer than 90 days, various visa options are available. These include any form of legal residence (such as temporary residence permits or family reunification visas).Please contact us should you wish to understand what other visa categories may apply to you. It is likely that efforts for concessions will continue.  Suggested Supporting Documents  If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important Information    Border Crossings    Authorities are taking steps to provide effective assistance at all border crossings. Border crossing locations can be found here: https://ua.gov.sk/en.html  Slovak firefighters have built temporary emergency camps for Ukrainian refugees and have increased the capacity of asylum facilities. CONTINUED HERE   

Mar 02, 2022
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Start A Company, Hr +2
Global Immigration Support For Ukraine (Continued)

Countries across the EU and world continue to update their policies and are adding additional visa concessions for Ukrainians affected by the conflict. Countries such as Italy, Germany are offering free accommodation and transport to Ukrainian Passport holders. The Deutsche Bahn announced it here.Canada  What support is Canada providing?  Canada has announced visa concessions for Ukrainians. The government is working hard to allow Ukrainians working, studying, and living in Canada to stay there. This work includes developing new measures to support Ukrainian nationals in Canada.   For Ukrainian nationals already in Canada   Canada is looking to support Ukrainian citizens already in Canada. The government has announced the following measures that they are working on urgently processing new and replacement passports and travel documents for citizens and permanent residents of Canada in Ukraine so they can return to Canada at any time. This includes immediate family members who will come with them.  Prioritizing applications from people who currently live in Ukraine for  permanent residence  proof of citizenship  temporary residence  citizenship grant for adoption  Adding new ways to make sure people who contact us get answers as fast as possible  Extending temporary public policy that lets some visitors in Canada, including Ukrainians, apply for a work permit from within Canada. This means people who get a job offer can stay in Canada and start working while their work permit application is processed.  Useful information for those already in Canada:  Extend or renew your status as a  visitor  worker  student  You may be able to apply for a work permit as a temporary resident    For Ukrainian nationals outside of Canada   Family visa   Canada offers immigration options that let Canadian citizens and permanent residents sponsor eligible family members to come to Canada. Applications will be prioritized for a family member who is a Ukrainian national outside Canada and one of the following family members:  your spouse or common-law or conjugal partner  your dependent child (including adopted children)  Suggested Supporting Documents   If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as; birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important information   Commercial routes out of Ukraine remain closed and extremely limited. The Ukrainian Air Space remains closed, citing high risk to safety. Russia has also closed its airspace for civilian flights on its western border.  To get access to Canada, individuals will likely have to travel via another country. All options should be safely considered and planned. Ireland  What support is Ireland providing?  Ireland has announced that they have lifted the visa requirements between Ukraine and Ireland. This is to support the swift exit of both the Ukrainian family members of Irish citizens and the family members of people from Ukraine who are residents in Ireland. This applies to all visa requirements, meaning Ukrainians can travel to Ireland visa-free. This also applies to Ukrainians already in Ireland who might need to have their visas temporarily extended. All Ukrainians who are currently on work, student, or visitor Visa in Ireland will have their visas temporarily extended or be provided with the opportunity to pursue other visa categories.  For more information, visit here. Suggested Supporting Documents If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important information  Commercial routes out of Ukraine remain closed and extremely limited. The Ukrainian Air Space remains closed, citing high risk to safety. Russia has also closed its airspace for civilian flights on its western border.  To get access to Ireland, applicants will likely have to travel via another country. All options should be safely considered and planned.  For more information visit here. United Kingdom   What support is the UK Government providing?The United Kingdom has announced visa concessions to support Ukrainians. These concessions mainly apply to Ukrainian citizens already in the UK. However, additional concessions, such as for those applying for a Family Migration Route visa, also apply.  For Ukrainian nationals already in the UK   A Ukrainian citizen in the UK now has the right to have their UK visa temporarily extended. All Ukrainians who are currently working, studying, or visiting the UK will have their visas temporarily extended or be provided with the opportunity to pursue other visa categories. More information can be found here.For Ukrainian nationals outside of the UK   Family migration visa   Ukrainians can apply for a Family Migration visa for free if they are family members of British nationals who usually live in Ukraine.  The criteria for what is defined as a British family member is as follows:  a spouse or civil partner  an unmarried partner (you must have been living together in a relationship for at least 2 years)  your parents if you are under the age of 18  your child under the age of 18  an adult relative you provide care for who lives with you due to a medical condition  The UK government has advised that the UKVI should be contacted before making an application. Candidates will be required to provide information about themselves and their family members.  Applications for this visa must be submitted at a UK Visa Application Centre (VAC). The VAC in Kyiv is now closed. For those still in Ukraine, applications can be made at the temporary location in L'viv. Alternatively, applications can be submitted at a VAC in a nearby country. These currently operate in: Poland  Romania  Hungary  Moldova  All other visa applicants will be unable to apply through a VAC in Ukraine. For more information on the various visa concessions offered by the UK government, visit here.Suggested Supporting Documents  If possible, it is advised to carry the following documents:  Identification such as an ID Card or Passport  COVID-19 vaccination / recovery certificate (if applicable)  If possible, other important documents such as birth certificates, marriage certificates, property certificates, diplomas, and other documents related to education  Important information  Commercial routes out of Ukraine remain closed and extremely limited. The Ukrainian Air Space remains closed, citing high risk to safety. Russia has also closed its airspace for civilian flights on its western border.  To get access to the UK, individuals will likely have to travel via another country. All options should be safely considered and planned.Globalaw lawyers Help Ukrainian Refugees and Asylum SeekersTo help deal with the huge influx of Ukrainian refugees, the law firms of Globalaw, the international law network are joining forces to advise refugees how to best and most efficiently legalize their stay and complete all underlying formalities.  Watch this space for information on the opening of help desks in Globalaw member firms.  In Poland, with over 120,000 refugees already while 1 million expected, DeBenedetti Majewski SzczeÅ›niak has already started over the past weekend.  The contact points for Poland are Magdalena MaÅ‚ocha and Anna Stasiewicz.If you require further immigration advice on visas that may be required, please do not hesitate to contact us.    

Mar 01, 2022
Blog
Start A Company, Hr +2
UK Introduces New Visas For Start-up Founders, Tech Talent And Entrepreneurs

The UK government has proposed the introduction of three different visas in order to assist fast-growth companies to recruit workers overseas, attract graduates from the world's top universities, and pursue foreign entrepreneurs and founders of tech start-ups.These new additions to the UK visa system are deemed the “most attractive” in the world for high-skilled workers and entrepreneurs and will attempt to drive up productivity and economic growth in the country.The new visas will also open up further possibilities for employers based in the UK as well as for foreign business people who wish to explore options for coming into the UK to work without having to rely on a UK-based employer. They will also appeal to entrepreneurs and investors whose options for coming to the UK have been reduced in recent years.Applications will begin in the next few months for:Scale-up visa  The aim of the Scale-up visa is to make it easier and quicker for companies experiencing rapid growth to hire the best-skilled labor from around the world.Under this route:An individual must hold a high-skilled job offer with a salary of at least £33,000 and meet an English language requirement. Scale-ups will be able to apply to use the route through a fast-track verification process.To qualify as a scale-up, a business must have: Annual average revenue or employment growth rate over a 3-year period greater than 20%. A minimum of 10 employees at the start of the 3-year period. High Potential Individual visa  This will be open to high-potential graduates from top global universities. The definitions and eligibility requirements for ‘top global university’ and ‘high potential graduates’ have yet to be defined but are likely to respectively include a closed list of government-approved institutions, and characteristics such as age, salary, and postgraduate qualifications.This route will allow:Graduates relocate to the UK without first having secured a job. Settlement in the UK – the parameters and requirements of eligibility for permanent residence under this route have yet to be defined.Innovator visa  An innovator is also planned for 2022 and will seek to enable overseas investors and entrepreneurs to start and operate businesses in the UK that are either venture-backed or harnessing innovative technologies.Under this route: There will be greater flexibility – there will no longer be a requirement for applicants to have at least £50,000 in investment funds, provided that the applicant has sufficient funds to grow their business. Applicants will also be able to undertake work outside their primary business on this route. Business eligibility criteria will be streamlined and simplified – applicants will need to demonstrate that their business has the potential to grow, add value to the UK, and remain innovative. An option will exist to fast-track applications – applicants whose business ideas are ‘particularly advanced’ will have this option available to them. If you require further immigration advice on visas that may be required, please do not hesitate to contact us.   

Mar 01, 2022
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Start A Company, Hr +2
Expanding Into Central America: Land Of Investment Opportunities

Central America is composed of five countries, Guatemala, Honduras, El Salvador, Nicaragua, and Costa Rica, that span an area of 422, 614 km2. The region is known around the globe for its exuberant forests, amazing volcanoes, paradisiacal beaches, and Mayan ruins, but there are more than natural wonders to discover. Let’s take a look at the investment potential of this rapidly-growing part of the world.Investing in Central America: What You Should KnowIn addition to these attractions, Central America has also become a great region for doing business because it has some specific characteristics that make the territory unique. These include:  Strategic location in the middle of the hemisphere, which not only provides a convenient time zone and accessible latitudes, but also airline service with frequent flights that connect the region with the world’s most popular airports.  Great human talent. The workforce is well educated, with most candidates speaking very good levels of English and fluent in many other languages. Compared to other jurisdictions looking to attract foreign direct investment, Central America shares a low cost of establishing a business and operating in the region. World-class facilities for international trade, including transportation and freight forwarding logistics.   The region has entered into trade agreements with main economies such as the United States and the European Union, which greatly facilitates international trade between Central America and the most active trade partners.  In addition to these common elements, each of the countries has designed tax packages and/or incentives to attract foreign direct investment.  Why Invest in Costa Rica?  Costa Rica has one of the best free trade zone systems in Latin America and during the past thirty years has attracted operations by the world’s most significant t transnational companies.It provides incentives to projects in manufacturing, services, and logistics, that range in investments from $100,000 (the minimum required for certain packages) to $10,000,000 and above for mega-projects.In exchange, projects get favorable tax treatment for periods up to 12 years, including income tax exemption, exemption on import duties for facilities construction materials, as well as subsequent operations, land tax exemption, and VAT exemption, among others. The country provides a great opportunity for nearshoring in the region:  Costa Rica is ranked number one in the Greenfield Performance Index for 2021. Furthermore, Costa Rica has also allowed the commercialization of products with CBD (100% free of THC) such as cosmetics, beverages, food, and natural medicine products.  Congress approved a law that authorizes the cultivation of cannabis and hemp for medical purposes, including the possibility of applying for the Free Trade Zone Regime and obtaining tax incentives for such activities.As a recovery response to the COVID-19 crisis, governments are investing in the infrastructure sector. The Government has announced the execution of five key mega-projects, including the construction of four different highways and a fast passenger train.Finally, Costa Rica is the ultimate host country for remote workers, who are looking to work from a setting that is both beautiful and lively.  Congress recently Recent immigration policies and tax incentives have been announced to help attract Investors, Rentiers, and Pensioners who are looking to relocate to Costa Rica.  Why Invest in Nicaragua?  Even though the country has faced political instability in past years, business opportunities continue to increase. The World Bank recently ranked Nicaragua is the third fastest growing economy in Central America for 2021 and foresees a continued recovery for years to come.Nicaragua offers varying opportunities for investors, including the major activities of gold and silver mining. Mining in Nicaragua has experienced significant growth in recent years thanks to the arrival of foreign direct investment. Mining represents  2.3% of Nicaragua’s GDP.Nicaragua also offers great opportunities for the Agro-industry. Agricultural products have been a significant portion of Nicaragua’s exports for many years. The high regional demand for food makes its large-scale production, processing, and packaging highly attractive to investors.In the Free Trade Zone field, the country offers tax incentives to attract projects for outsourcing services or export manufacturing operations.  Why Invest in Honduras?      Honduras offers great opportunities in the renewable energy sector through a law that promotes the generation of renewable energy and provides exemptions on customs duties for the import of equipment and accessories during a project’s construction period.In addition, certain types of projects qualify for a ten-year income tax exemption, or in the case of biofuel production exemption from taxes and fees for twelve years, as well as special treatment during the construction process. In the free trade zone sector, the country offers different tax incentives for call centers and manufacturing export companies, including exemptions on import duties for raw materials and equipment, VAT exemption for local purchases, and an income tax exemption for 15 years renewable for 10 more years.Honduras has also created “Zede” economic zones to attract foreign investment through reduced tax rates. The first such zone is called ZEDE Próspera and was established in Roatán, a paradisiac island located in the Caribbean. This ZEDE is expected to reach 10,000 inhabitants by 2025.Why Invest in Guatemala?   Guatemala’s economy is experiencing a highly positive moment: the World Bank now projects that in 2021 the country’s economy will grow 5.1%, a figure that surpasses the January forecast of 3.6%.Guatemala, the largest economy in Central America, offers opportunities in the free trade zone regime under a law called ZOLIC which was recently renewed to develop special economic zones. These are geographic areas under a special customs regime that allows the development of agricultural, industrial, and commercial activities to enjoy tax incentives.The entire purpose of the recent changes is to expand the development to other geographic areas outside the capital.  Congress in 2021 also approved a decree that amends the Free Zones Law. In Guatemala, free zones represent an attractive opportunity for investment since operations developed under the law’s jurisdiction give an investor the right to tax exemptions or preferential tax treatment.Guatemala is betting on new sectors including the production of animal food, leather, and footwear, the plastic industry and its manufacturers, recreation centers and hotels, ceramic products, medications, cosmetics, paintings, furniture, and processed food.Why invest in El Salvador?     El Salvador is the smallest country in Central America; however, it has great capabilities to boost its economic growth. Its economy is dollarized, which eliminates foreign exchange risk and lowers transaction and financial costs for investors.  The country has a high potential for the generation of renewable energy such as hydropower, wind power, solar, geothermal, and bioenergy. El Salvador has approved a Renewable Energy Tax Incentives law, aiding investment in the sector.More specifically, investors may have the opportunity to participate in international bidding for long-term twenty-year contracts that guarantee the purchase of energy. In addition, there are opportunities for bilateral agreements and smaller energy projects.The country also promotes the establishment of international service centers and operations that provide BPO services to international clients. El Salvador has seen this sector grow in recent years, with the Government providing tax incentives for companies that provide services to clients located abroad such as call centers, shared services centers, and information technologies operations.Finally, El Salvador has approved a Free Zones Law to encourage production for export as well as import and export activities through authorized distribution centers. ConclusionCentral America offers numerous opportunities for investors, especially for those seeking highly qualified human talent, cost-efficiency, diversification of the supply chain, and excellent trade connections with other markets. It is also a land blessed with magnificent natural attractions, the perfect setting to combine high-level business operations with unforgettable leisure hours.   Find out how we can help you expand your business into any Central American jurisdiction HERE.

Feb 28, 2022
Blog
Start A Company, Hr +2
Top Global Expansion Challenges To Consider In 2022

Is your company planning on expanding into a global market or new jurisdictions this year? Don’t let immigration challenges slow you down or get in your way.  Consider these important challenges when planning your expansion journey.Companies looking to expand into new markets are currently facing multiple challenges. Depending on a company’s business objective, assessing how to enter a new market is crucial. From economic challenges to cultural barriers, companies will have to adapt and strategise their market entry plan. The challenges of the COVID-19 pandemic have further amplified the complexities of new market entry. With a well-executed strategy, global expansion can lead to limitless opportunities for companies.  However, some of the key concerns that companies can expect to face when expanding into new markets in 2022 include:Complex and dynamic immigration policies: monitor the rules  The war on talent: global competition for recruiting highly skilled workers Adapting to the local business climate: product and solution positioningThis article intends to provide an overview of each of these considerations with actionable insights to assist your global expansion journey in 2022.Robust immigration policies Immigration is a key aspect of global expansion. Due to the complex and dynamic nature of global travel restrictions because of the COVID-19 pandemic, managers and employees need to have access to the latest information concerning border entry requirements and visa processing guidelines.On top of the traditional documents that will need to be submitted, and the usual timelines that apply, candidates may face conditions of entry surrounding COVID-19 mandates. Depending on the position and authority of the applicant, some concessions can be made.However, if we draw on the recent case of Novak Djokovic, the world’s top men’s tennis player whose visa into Australia was cancelled due to not meeting the necessary Australian COVID-19 entry requirements - key lessons for immigration can be learned. These include:Consult a local immigration partner who can advise on the various employment-based visa categories and eligibility requirements  Stay ahead of the latest entry requirements (such as proof of vaccination, testing requirements, quarantine policies, etc)  Gather and prepare all required documentation  Follow the laws and local guidelines and be aware of timeline delaysImmigration guidelines for every company will vary based on their immigration budget and talent needs. Therefore it is important that Human Resources and finance teams align to determine which strategy may work best for their organisation depending on priorities and budget.Adapting to the local business climate: product and solution positioningWhen companies expand into a new market, adjusting to the local business environment can be tricky. Some of the hurdle’s companies will have to overcome include:Understanding the local language Maintain appropriate business etiquette and incorporate local business culture  Navigate the tax and legal landscape  Understand the local HR protocols and procedures  Ensure they meet the necessary employment laws and standardsHiring a local workforce can help companies to adjust to the local business culture, improve interactions with clients and get to know their target audience. Before entering a new market, detailed market entry research must be conducted. This will assist with effective and efficient product and service positioning, that aligns with the needs of the local landscape and market needs.If a product or service needs to be slightly tweaked or positioned to meet the local standards, consulting with local experts and market specialists can assist with the product launch and growth prospects. This is a crucial part of the expansion journey as it allows the business to understand and engage with their new target market and allows for improved service delivery.The war on talent: attracting and retaining top talent The ‘war for talent’ refers to an increasingly competitive landscape for the recruitment and retention of talented employees. Despite the devastating economic impacts of the COVID-19 pandemic which led to millions of job losses, the global shortage of talent continues. This is especially relevant to managerial positions, defined as ‘’ a combination of sharp leadership skills, with a strategic mind, emotional maturity, strong communications skills, the ability to attract and inspire other talented people, entrepreneurial instincts, functional skills, and the ability to deliver results”.As a result, scaling companies need to be strategic in managing their workforce, whether it includes growing a local talent pool in a new desired location or attracting foreign talent. By developing dynamic policies and attractive benefits, HR teams can succeed in retaining and attracting new talent. Companies should consider:Incorporating flexible work options  Implementing rewards and recognition programs Investing in learning and development  Developing robust and strategic recruitment processes  Implement a seamless relocation program. Employees thrive when they are valued and recognised. Retaining talent requires organisations to regularly engage with their workforce, request feedback, and work on manageable solutions.ConclusionIt may never feel like the '' right time'' to expand into a new market, however, the benefits and opportunities it can provide well outweigh the risks. If you are looking to enter a new market but are not sure when or how to do so, explore Centuro Connect and contact one of our team.DOWNLOAD OUR FREE GUIDE BELOW                                                                                                                                                                                                                       

Feb 15, 2022