Category: News from our members
Orsoni at Venice Biennale, By Trend Group
Inauguration of Riccardo Silva Stadium, By Miami FC
After months of hard work and renovations, we would like to officially welcome you to Riccardo Silva Stadium, the new and improved home of your Miami FC!
In an event at the new stadium on April 3, 2017, Florida International University recognized Miami FC owner Riccardo Silva for his efforts in bringing world class soccer to Miami by renaming the multi-purpose facility after Mr. Silva.
FIU and Miami FC jointly showcased for the first time to media the installation of a new state of the art pitch. The new surface, Field Turf’s Revolution 360, features fibers that provide for optimal durability, resilience and feel and is used by many of the country’s biggest NFL and soccer teams.
Also added was a brand new high-tech videoboard providing a huge boost to the fan experience at Riccardo Silva Stadium. Measuring 31×59 feet, the new videoboard will feature a 13HD pixel layout, the premier technology for outdoor applications within the sports industry.
The new videoboard will have full live video and instant replay capabilities, along with multiple zones of content, including statistics and graphics.
International Business: Seminars in Italy, by K2USA
Early this month the K2USA’s business partners Mr. Paolo Ruggeri & Mr. Andrea Lombardi hosted two events in Italy; first in Bologna and later in Verona. The hosted discussion offered an informative overview about business opportunity in US.
As underlined by Mr. Ruggeri the “Made in Italy” is still highly appreciated in the US, particularly in industries such as: Food & Beverage, Fashion, distribution of luxury brands and Automotives.
At the events Mr. Ruggeri spoke about important requirements and rules, necessary to smoothly access the American market, such as: the importance of being knowledgeable about Tax, Law, as well as the importance of being reliable even more than skilled, and to be willing to open one or multiple company’s branch in the US.
While the gained experience of Mr. Lombardi as a business developer of K2USA, allowed him to discuss the best strategies to succeed in the US market such as on site managing, some knowledge of cultural aspects and confidence in your own possibilities and “know how”.
Invited testimonials: Katia Paracchini of Elka Design LLC., Filippo Raddino of Zaffiro srl and Paolo Fontanot of Il Pane Quatidiano Corp. whom with their firsthand experiences and through the K2USA’s support; were able to described aspects of the internationalization process for their companies.
Mr. Lombardi underlined the importance of identify opportunities for Italian companies through a one to one approach. He compared Fairs vs. Appointments = Temporary Export Manager, a service chosen from many Italian companies in the US that helped them saving money and to avoid trouble.
Lastly, Pierluigi Zuffi with (Innova Finance), explained how to gain access to European funds for innovation and internationalization process.
Meanwhile, Antonello Di Giovanni, special guest from Miami, FL. described the advantages that the Italy-America Chamber of Commerce in Miami gives to their members.
IT: New Office in Downtown Miami, by Miros Consulting
Miros Consulting, is proud to announce their office’s expansion, in the heart of the city of Miami.
Conveniently located, at 261 NE 1st Street and easily accessible from the neighboring higher education institutions, it will facilitate the attraction of local young talent interested in the IT field and the hiring process of local professionals.
Thanks, to an increased company’s manpower they had been able to maintain their Weston location as their development center, while opening Miami location to effectively been able to serve a larger number of clientele.
Founded by a group of Italian entrepreneurs and experts in the Information Technologies sector, Miros Consulting, Inc., first opened their office in 2014 Weston, FL.
Miros Consulting manages in outsourcing all their clients’ Information Systems, overseeing all the goods and service suppliers involved in the clients’ IT management, including the hiring of IT Executives such as CIO and CTO.
Their services include:
- MICloud, a platform created to host clients’ data center including data, software, and emails.
- VoIP System, a virtualization of telephone lines that allows the clients to be independent from physical structures;
- Computer-Network Security, in order to identify information theft and protect your company’s data from viruses.
- Video Surveillance, Miros Consulting has partnered with Axis, leader in the field of video surveillance. Axis’ infrastructure allows for the management of cameras without subjecting the company’s network to unnecessary risks, because the cameras do the streaming via SSL.
MagniSmartech, the mattress of the future, by Magniflex
As we get older it seems as though we’re on an eternal quest to find the perfect mattress. Maybe we need more than just a comfortable mattress.
Magniflex is the largest Italian mattress manufacturer with over 50 years of experience as a business to business operation and a worldwide distribution in about 100 countries.
Magniflex has proudly launched its unique MagniSmartech, an integrated sleep system that has taken its mattresses to the next level. MagniSmartech allows you to learn more about your sleep through the use of sensors that gather data about you and your sleep environment in real time.
The sensors track many parameters like the hours slept, your average heart-rate and respiratory rate and their fluctuations, as well as environmental data like the brightness and noise level of your room. The data and suggestions are available to view the next day in the accompanying app or through a web browser.
MagniSmartech also features an innovative soft wakeup function as well as chromotherapy using LED, but probably the most unique feature is the anti-snore function, which automatically recognizes when you’re snoring and then goes into action adjusting the position of the bed until the snoring stops, at which point it returns to the original position.
Magniflex prides itself of having created the mattress of the future, and continued on its journey of promoting quality sleep with the Made in Italy label.
Simply Italian Great Wines Americas Tour & VINO 2017
By I.E.E.M. (International Event and Exhibition Management).
I.E.E.M. in partnering up with the Italian Trade Commission to present two premiere wine tastings at the Biltmore Hotel on February 8th.
Over 55 Italian wineries will meet with South Florida Wine Traders.
The IACC Chamber members who are part of the hospitality or wine trade are invited.
All the other members are more than welcome to join for a “brindisi”, from 5 pm to 6.30 pm during the “The Sparkling Life: It’s always 5 o’clock somewhere with Friuli Wines” happy hour presentation, at the terrace of the Biltmore Country Club ballroom.
For registration, please click on the following link:
SHORT HANDBOOK OF INTERNATIONAL METHODS OF PAYMENT, by Italian CPA Firms
Expanding internationally is a great opportunity for small and medium-sized enterprises, but the legal and contractual aspects, which may be different from country to country, require deep analysis and organization
Here is a list of the main international trade payment methods recognized by the International Trade Administration.
Cash-in-Advance
The buyer (importer) sends the payment before receiving the goods. Upon receipt of payment the seller (exporter) ships the goods and related documentation to the buyer.
Open Account
The seller ships the goods and relevant documentation directly to the buyer who agrees to pay the bill at a future date (usually 30 to 90 days).
Documentary Collection
The exporter entrusts the collection of the payment to his bank, which will send the commercial documentation relating to the goods to the importer’s bank, along with instructions for payment. The buyer will be requested from his bank to make the payment. The documentation will be then used to clear the goods.
Letter of Credit
It is widely used, as it offers a guarantee issued directly by banks.
An L/C is a commitment by a bank, on behalf of the buyer, that payment will be sent to the exporter upon presentation of the shipping documents (invoices, certificates of origin, bills of lading, etc). Key clause is that the documents fully comply with the terms and conditions outlined in the letter of credit.
There are also other methods and can be combined with each other in many ways. Each presents different levels of risk for a part rather than the other. And to minimize them it is useful to rely on a solid banking system to monitor the situation.
For more information, please contact us at info@italiancpafirms.com
NEW US$ 1.2 BILLION CONTRACT FOR INTERSTATE 405 IN CALIFORNIA, by Astaldi Group
The Astaldi Group has won in California, the contract for the improvement of the I-405 in Los Angeles. The contract is valued at US$ 1.2 billion. This is a major and new success for the Astaldi Group, which is aiming to consolidate its presence in the United States by extending its activities to the West Coast. Astaldi holds a 40% stake in the project.
The contract calls for the design and construction of the improvement works for 22 kilometres of interstate highway. The complexity of the works, which also includes the construction of 35 bridges, is accentuated by the need to maintain the infrastructure in operation for the entire duration of the activities.
The works, commissioned by the OCTA Orange County Transportation Authority, will be financed with local, state, and federal funds. The works have a duration of 6 years, and will be carried out in joint venture with the Spanish Group OHL (holding a 60% stake).
The Astaldi Group has been present in the United States for more than 20 years through its ACC Astaldi
Construction Corporation, and operates mainly in states on the East (Florida) and West (California) Coasts.
Winning the I-405 contract brings to a total of approximately US$ 580 million of backlog in execution in the United States.
Ferrari Store offers the “Family and Friends Promotion” to IACC Members
The Ferrari Store presents an innovative retail environment designed to display the Ferrari collections to customer and to experience the history and the emotions of the Ferrari brand. Products range from Apparel (Menswear, Womenswear and Childrenswear) declined in Lifestyle and Fan to Accessories (Luggages and Handbags, Watches, Toys, Sunglasses, Car models, Memorabilia and Fragrances).
Furthermore, celebrating the 25° Anniversary of IACC, Ferrari will offer to all members of IACC and their associates, the Ferrari Store Family and Friends promotion with the opportunity to purchase a wide selection of Ferrari Products at 20% discount*.
The offer applies to full price merchandise only, registration at cashier desk is necessary at the moment of purchase. This is a limited time offer, valid from September 15 until November 15.
Offer is valid only at Aventura Mall location, suite 2017, Nordstrom wing.
*Memorabilia and Car Models excluded