Tommy Tainant
Diamond Member
Government advises some companies to consider moving their headquarters out of UK in no-deal Brexit
Certain companies based in Britain may want to consider moving their headquarters abroad in the event of a no-deal Brexit, according to official UK government advice to businesses.
One advice paper titled “Structuring your business if there’s no Brexit deal” advises companies incorporated under EU corporate law that moving to a country that is still a member state may be better for their business.
So-called “societates Europaeae” – European companies – will not be able to operate in the UK and will have to either legally incorporate in another country or convert to a British-only plc.
You have to wonder when they will start telling us about the positives of this insanity.
Certain companies based in Britain may want to consider moving their headquarters abroad in the event of a no-deal Brexit, according to official UK government advice to businesses.
One advice paper titled “Structuring your business if there’s no Brexit deal” advises companies incorporated under EU corporate law that moving to a country that is still a member state may be better for their business.
So-called “societates Europaeae” – European companies – will not be able to operate in the UK and will have to either legally incorporate in another country or convert to a British-only plc.
You have to wonder when they will start telling us about the positives of this insanity.