Visa News

Qatar Airways and Visa Extend FIFA Sponsorship Agreements for Major Football

Published

4 months ago

May 7, 2024

Admin

Qatar Airways and Visa Extend FIFA Sponsorship Agreements for Major Football. Qatar Airways and Visa have recently renewed their sponsorship agreements with FIFA, solidifying their partnerships to encompass major men’s, women’s, and youth football events. This announcement comes after FIFA’s list of partners featured only five brands, even though they had previously indicated five going into the Women’s World Cup.

In addition to Qatar Airways and Visa, other global brands like Coca-Cola, Adidas, Wanda, and Hyundai also maintain existing agreements with FIFA that stretch until the culmination of the 2030 men’s World Cup. Check Latest Visa News

Visa’s Strong Presence and Contribution

During the Women’s World Cup, Visa’s prominence was evident through its pitch-side advertising boards, a result of its independent ‘Women’s Football Partner’ agreement with FIFA. This recent partnership follows Visa’s successful eight-year collaboration with FIFA.

As part of this partnership, FIFA receives an impressive $85 million from Visa for each World Cup tournament. This agreement has contributed to Visa’s heightened stock price and increased competition with Mastercard.

Qatar Airways: A Growing Force in Global Sports Sponsorship

Qatar Airways also made a significant impact during the Women’s World Cup, hinting at the extension of its previous FIFA Partner deal, which concluded after the 2022 men’s World Cup. The airline’s impressive $1.2 billion profit in the past fiscal year was partly attributed to Qatar’s successful hosting of the 2022 men’s World Cup, which attracted over 3.4 million visitors. Qatar Airways has expanded its global sponsorship reach by becoming a Global Sponsor of Formula 1, replacing Emirates.

FIFA’s Sponsorship Landscape

FIFA’s sponsorship model offers businesses and brands the unique opportunity to support the World Cup and other international and regional football competitions as official sponsors. These sponsorships contribute nearly $1.60 billion to FIFA’s revenue for the World Cup. Annual contributions from official sponsors range from $25 to $50 million, with FIFA earning between $15 to $25 million for sponsoring the major event.

The Enduring Partnership with Adidas

Adidas, the German sportswear giant, stands out as one of the longest-standing and largest sponsors of FIFA and the World Cup. The partnership, which began in 1970, has been renewed through 2030. The 2014 World Cup marked a significant boost in Adidas’ shares, with projected figures indicating that Adidas will provide FIFA with $100 million for each World Cup event until 2030.

Conclusion

Qatar Airways and Visa’s renewed sponsorship agreements with FIFA underscore the increasing interest of brands in aligning with global football events. As Qatar Airways continues to establish its presence through various sponsorships and negotiations, Visa’s ongoing collaboration with FIFA enhances its reputation as a major player in international sports sponsorship.

With ongoing partnerships and renewed agreements, FIFA’s sponsorship landscape continues to thrive, benefiting both the organization and its brand partners.

Visa News

What Are The Rules Of A B2 Visa?

Published

3 months ago

June 14, 2024

Admin

What Are The Rules Of A B2 Visa? A B2 visa is a non-immigrant visa that allows individuals to temporarily visit the United States for tourism, medical treatment, or certain other non-business purposes. Understanding the rules and regulations associated with a B2 visa is crucial for ensuring a smooth and lawful stay in the country.

What Are The Rules Of A B2 Visa?

1. Purpose of the Trip

The foremost rule in obtaining a B2 visa is demonstrating that the purpose of your trip is for tourism. Whether it’s exploring popular landmarks, visiting family, or enjoying leisure activities, your intention should align with non-business or non-work-related endeavors.

2. Permanent Residence and Ties to Home Country

Applicants must showcase their ties to their home country, indicating that they have a permanent residence they do not intend to abandon. This can include property ownership, family connections, or a stable job. Consular officers need assurance that you have significant reasons to return to your home country after your visit to the U.S.

3. Non-Business Activities

Individuals applying for a B2 visa should not intend to engage in business activities or provide services for the benefit of a U.S. employer. This visa category strictly prohibits work-related endeavors or any activities that generate income within the United States.

4. Financial Resources

One crucial aspect of obtaining a B2 visa is demonstrating sufficient financial capability to fund the trip. Applicants must provide evidence that they can cover all expenses related to travel, accommodation, and living costs during their stay in the U.S. Alternatively, if the applicant lacks the financial means, a sponsor can provide evidence of financial support.

Eligibility Criteria for a B2 Visa

To obtain a B2 visa, individuals must meet certain eligibility criteria set forth by the United States Citizenship and Immigration Services (USCIS). Eligibility requirements typically include demonstrating a legitimate purpose for the visit, possessing sufficient funds to cover expenses during the stay, and demonstrating intent to return to their home country after the visit.

Duration of Stay

One of the essential rules of a B2 visa is the duration of stay permitted. Typically, individuals holding a B2 visa are allowed to stay in the United States for a maximum period of six months per visit. However, the actual length of stay granted is determined by the Customs and Border Protection (CBP) officer at the port of entry, and it is important to adhere to the authorized duration to avoid any legal complications.

Prohibited Activities

While on a B2 visa, individuals are prohibited from engaging in certain activities that are inconsistent with the purpose of their visit. These activities may include unauthorized employment, enrolling in academic study programs, or participating in any form of paid work. Violating these restrictions can result in severe consequences, including deportation and future visa ineligibility.

Extension of Stay

In certain circumstances, individuals may be eligible to apply for an extension of their stay beyond the initial period granted on their B2 visa. However, extension requests must be filed with the USCIS before the expiration of the authorized stay, and applicants must provide compelling reasons, such as medical emergencies or unforeseen events, to justify the need for an extension.

Compliance With Immigration Laws

Adherence to U.S. immigration laws and regulations is paramount for individuals holding a B2 visa. This includes maintaining valid immigration status throughout the duration of the visit, timely departure from the United States upon the expiration of the authorized stay, and compliance with any reporting requirements imposed by the USCIS or CBP.

Conclusion

Understanding the rules and regulations governing a B2 visa is essential for individuals planning to visit the United States for tourism or medical treatment. By adhering to the eligibility criteria, respecting the permitted duration of stay, avoiding prohibited activities, and complying with immigration laws, visitors can ensure a hassle-free and enjoyable experience during their time in the country.