Do you want to open a branch office in the UK?Does the British market make up a large part of your total revenue? It may be wise to move part of your organisation to the UK. As of 1 January 2021, there are additional demands.
- The British government offers information about setting up a company in the UK;
- You can read more about the changes around registering a branch office in the UK as well;
- For more information, you can contact the Dutch Embassy in London.
- Companies looking to set up business in the UK can also get help from the Department for International Trade. You can get information about how business works in the UK, analysis of market opportunities, and access to business and academic networks.
- If you already have a branch office in the UK, new British rules may apply. EU rules no longer apply. This means there are changes in the fiscal system, among other things:
- The new, British rules have consequences for your fiscal situation. Seek advice from your tax advisor and lawyer.
- Find out if Brexit impacts any of your subsidiaries’ contracts. This may include contracts within your company and service contracts for goods and services from one of your offices in the Netherlands or another EU Member State.
- Investigate any legal consequences Brexit may have for the ownership and responsibility of your business.
Q&A about the TCA
There is an extensive Q&A about the Brexit Trade Agreement available on the website of the European Commission. It explains what the new rules mean for different sectors, such as trade in goods, fisheries and road transport. There are nine chapters in total and you can search per sector. At the top you can choose your language. You can find answers to questions such as: What was agreed to facilitate trade in automotive? How does the Agreement contribute to trade and sustainable development? Will air carriers still have the same rights to operate between and within the EU and the UK? Note that this Q&A was published in December 2020 and therefore speaks of a draft agreement.