According to the World Bank Romania had the in the first half of 2017 with a 5.8 GDP. The World Bank attributes the growth to growing private consumption which was partially generated by lowered standard value added tax VAT rates from 24 to 20 in January 2016. Additionally Romanian wages increased both in public and private sectors by 13.5 since 2016 — and Romania is poised to continue its …
Type: Resource (Article)
International acquisitions are a transformative conduit for global expansion forging a direct path for companies to enter new markets and opportunities. When a company purchases or merges with a foreign business entity it expedites access to established customer bases local expertise and operational infrastructure.After a steep drop-off in 2023 the activity in 2024 and beyond is expected to be …
Type: Resource (Article)
As the global economy has continued to firm many small- and medium-sized enterprises as well as multinationals are shifting their focus to new markets. Of particular interest has been expansion into EMEA Europe the Middle East & Africa. Across the globe however talent shortages continue to be a top concern. KPMG’s 2018 Global Insights Pulse Survey reports that state that they expect to face …
Type: Resource (Article)
The European Union is an economic and political union between built on a complex series of agreements. Some countries accept some parts of the overall agreement while others pick and choose. For example there are in the European Union that do not use the Euro including Denmark Sweden and the United Kingdom. Another example is the Schengen agreement which creates a single zone for free travel …
Type: Resource (Article)
The number of people moving abroad for work has grown substantially in recent years and the United Arab Emirates UAE specifically Dubai is a top destination. The UAE’s simple employment visa requirements contribute to its large expat community which makes up 88 of the population.Before moving to Dubai or the UAE expats or foreign nationals must apply for a UAE work visa. This application process …
Type: Resource (Article)
For the sixth consecutive year the number of H-1B petitions received by the U.S. Citizenship and Immigration Services “USCIS” within the first week of the filing period with that there were 190098 applicants for FY 2019. This includes the cap of 65000 H1-B visas of the regular category as well as the 20000 visas for candidates with a U.S. Master’s degree or higher.Consequently a random lottery …
Type: Resource (Article)
Employee health benefits not only provide medical vision dental and other services and support but also peace of mind that allows employees to work and travel without fear that their medical or personal needs won’t be met. This is especially true for the growing number and evolving demographics of expats who rely on international health benefits. Employers may expect that international health …
Type: Resource (Article)
Many companies with a send their employees on international business trips. Even with easy video conferencing and instant communication there is no substitute for a face-to-face meeting with partners employees or potential clients. But international travel comes with many expenses beyond airfare. Travel and entertainment T&E covers a variety of expenses an employee can accrue while on a business …
Type: Resource (Article)
The European Commission’s Acquired Rights Directive ARD TUPE provides that when a business is sold employees also transfer to the new owner with their employment rights intact. Other countries around the world including Brazil Colombia India South Africa and South Korea also have similar laws that preserve workers’ employment terms and service histories under the new owner. Below we highlight …
Type: Resource (Article)
The Japanese government offers a variety of visas to attract skilled foreign talent and many international businesses with offices in Japan regularly seek foreign talent to fill open positions. However the complicated process of navigating the various visa categories in Japan selecting the proper visa and applying often turns global companies and expats away. In this guide we compare Japan’s work …
Type: Resource (Article)
