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The EU Blue Card is sometimes compared to the US Green Card. The blue color is said to be the color of the European Union flag, for this reason the map should be blue. Its purpose is to give non-EU/EEA citizens a work and residence permit. It offers people the right to fit into the socio-economic landscape and embark on a path that leads to permanent residence in Europe. Put simply, people can live and work in Europe without restrictions if they have a Blue Card.
Purpose of introducing an EU Blue Card It was introduced by the European Commission in 2007, proposed and implemented in 2009 and issued by 25 countries that are member states of the EU. According to Eurostat data, in 2016 most work permits issued were registered in Germany (more than 17,000), France (more than 700) and Poland (more than 600).
The second purpose of the EU Blue Card is to make Europe a more attractive destination for professionals from outside the European Union. A special EU Blue Card program has been created for all EU member states with the exception of Great Britain, Ireland and Denmark, which invites highly qualified people to the EU states. This scheme aims to make Europe the world's most popular migration destination.
This can be guaranteed through equal salaries and working conditions for foreigners, freedom of movement within the Schengen area, socio-economic rights, favorable conditions for family reunification, permanent residence prospects and freedom of association. Obtaining the EU Blue Card has several main advantages. These include very high chances of a permanent residence permit, which entitles you to any kind of employment under easier conditions, equal rights and equal opportunities to work in Europe's largest economy and a huge business market, and easy travel opportunities.
Prerequisites for applying for a Blue Card Although the same basic criteria can apply to all 25 member states of the EU, there are smaller additional criteria that are determined by each member state for itself. In principle, the Blue Card can be applied for if three main requirements are met. These are: non-EU nationality, educational or professional foreigners (highly qualified or skilled workers, researchers, students and trainees) and with an employment contract or binding job offer (seasonal workers, internal transfers). A person can be considered a highly skilled worker if they have an employment contract of at least one year and if they can meet the conditions listed below. If a person is able to meet these mandatory requirements, they will be given an online profile in the EU Blue Card network, which has a dual function – to consult foreigners with employers to offer them an employment contract and to allow foreigners to change their employment contract to submit applications.
In recent years there has been a shortage of workers, which is noticeable in areas such as medicine, technology, computer science (IT), natural sciences and mathematics. This means that foreigners who work in the areas mentioned usually have a better chance of receiving the EU Blue Card.
In addition, a person who is self-employed or an entrepreneur can receive the Blue Card if they have sufficient financial resources, have a business that has a positive impact on the economy of the host country and can generate an economic interest that is active in the host EU -Member State is low.
When applying, it is important to consider the time frame it will take to gather all the required documents. It usually takes 4-6 months to prepare all the required documents. Some countries arrange appointments with the relevant embassies or consulates in foreigners' home countries, others offer online applications that can be filled out by foreigners themselves or their employer or a law firm. It is expected that after applying, the person will have to wait up to 3 months for the processing to be completed.
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Iceland is considered to be a large nation because of its total area. Its total land area is 103,000 km² (approx. 39,768 mi²). Continental shelf of Iceland is approximately 108,015 km² (around 41,705 mi²). Iceland is located in Europe. Europe is a continent whose borders date back to the period of antiquity. European countries include, but are not limited to, the United Kingdom, Italy, Germany, Switzerland, Luxembourg, Malta, and The Vatican. Iceland is not a landlocked country. It means that is is bordered by at least one major body of water. The average elevation range of Iceland is 557 m (1,828 ft).
Neighbors Total length of land borders of Iceland is 0 kilometers (~0 miles). Iceland has no land borders, meaning that it also has no neighbouring countries in the traditional sense of the word.
Cities The capital city of Iceland is Reykjavík. The largest city in Iceland is Reykjavík.
Elevation The average elevation range of Iceland is 557 m (1,828 ft). The highest point of Iceland is Hvannadalshnúkur, with its official height being 2110 m (6,923 ft). The lowest point of Iceland is Atlantic Ocean. The elevation difference between the highest (Hvannadalshnúkur) and lowest (Atlantic Ocean) points of Iceland is 2110 m (2 ft).
Area The total land area of Iceland is 103,000 km² (approx. 39,768 mi²). and the total exclusive economic zone (EEZ) is 751,345 km² (~290,095 mi²). The continental shelf of Iceland is approximately 108,015 km² (around 41,705 mi²). Including land mass and EEZ, the total area of Iceland is approximately 854,345 km² (~329,863 mi²). Iceland is considered to be a large nation because of its total area.
Forest and arable land 1,930 km² of Iceland's territory is covered in forests, and forest land comprises 2% of all the land in the country. There are 70 km² of arable land in Iceland, and it comprises 0% of the country's total territory.
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A Power of Attorney is a legal document that gives someone power of attorney to act on behalf of the company. Typically, the Power of Attorney document carefully details the transactions and processes for which the individual is being granted power of attorney, rather than providing a general mandate that would allow the power of attorney to act with complete freedom.
A power of attorney gives legal authority to a person acting as an agent. For a company, this authority may include the ability to access financial accounts, sell or place new orders in securities, and write checks, although the agent may also perform a variety of other activities to keep the business running. For security reasons, a POA document should strictly restrict the agent's activities or access to specific accounts.
Powers of attorney can be used effectively in the normal course of business or only in certain circumstances - such as when the business owner is unable to make decisions or has no access to the business accounts.
Pros and cons of POA authorization The primary benefit of having a business power of attorney is that you have the security of a contingency plan in the event the business owner or other authorized representative is unable to perform their duties. Authorizing a representative to act on their behalf prepares the company for unexpected situations and allows important business decisions to be made in a timely manner. If the business owner has not granted anyone legal power of attorney, there is always a risk that at some point they will no longer be able to make important business decisions or carry out essential transactions, which can lead to enormous damage to the company and its reputation. Not having an authorized representative can result in not paying salaries on time, not servicing business loans or mortgages, not paying third-party vendors, and losing potential contracts.
The benefit of being able to authorize someone to act on behalf of the account holder comes with the peace of mind that you can trust the authorized agent with access to your business account. Therefore, you are strongly advised to think carefully before granting someone a POA and giving him or her access to a bank account and the ability to make important business decisions. The person you nominate as an agent has unsupervised access to Company funds, which could potentially increase security risks if the nominee acts in interests other than those of the Company.
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Major industries in the country are small-scale enterprises for copra production, woodworking, plaited craft goods, stamps, coins, fishing. 5% of population in the country are unemployed. The total number of unemployed people in Tokelau is 66. Tokelau emits 0.3 metric tons per capita of CO₂.
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A representative office of a company is an office established in a foreign market to perform marketing functions, data collection, and other operations that do not involve the sale of products or the provision of services. A key characteristic of a representative office is that, by definition, it cannot be involved in transactions, billing, or any other form of buying or selling products.
Activities of a representative office Representative offices are mainly used for two activities that complement the main functions of the company:
Representation of the parent company managing information When representing the parent company, a representative office can contract and communicate with local partners on its behalf (e.g. organize meetings, send partners information to the parent company, etc.).
In managing information, a representative office may conduct market research, organize marketing campaigns, and collect data from customers. It also serves as a point of contact between head office and customers when no other communication channels are available.
In general, a representative office is a way for a company to venture into an unfamiliar foreign market without taking too many risks. This is because, in many countries, establishing a representative office is easier than opening a branch office - since representative offices cannot sell any products or services, they are often less strictly regulated than other types of companies. Representative offices require fewer resources (logistics networks, specialized sales staff, warehouses for goods) to perform their main tasks, so in case of failure, withdrawing from a particular market will not be overly costly.
Advantages of a representative office A representative office has several advantages over other ways of representing a company in a foreign market:
Easier registration and management Representative offices cannot conduct business transactions, which is why they are not as strictly regulated as other companies in many countries. Ability to open bank accounts Although representative offices are limited in their functionality, they can still be used to open corporate bank accounts for their parent company in a foreign market. Easy first market entry Representative offices are an advantageous solution when the parent company is unsure whether or not to expand into a specific foreign market, as they allow it to enter the market for initial research without the need to establish supply chains, a customer base, etc . circumvent restrictions In certain jurisdictions, branch offices and other forms of corporate representation with the ability to conduct transactions are prohibited or subject to certain restrictions. Representative offices are a way to enter the market bypassing these restrictions.
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Australia and Oceania is a region in the Pacific Ocean, south of Indonesia, the Philippines, China and Japan. It is a very diverse region in most respects — culture, economy, industry, etc. This variety of economic environments allows for a broad spectrum of possibilities for company formation, from powerful economies like Australia to smaller islands with special tax optimisation plans, such as Vanuatu.
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15.01.2024 11:38