Brexit – What does it mean for you and your business?
The UK is leaving the EU and formally triggered the two-year withdrawal process under Article 50 of the Lisbon Treaty on 29 March 2017. Negotiations have begun to set the terms of the relationship between the UK and the EU.
The UK Government wants a trading relationship with the EU outside the Single Market along with new customs arrangements. At the same time the UK will develop relationships with countries outside the EU.
Businesses and individuals will be affected significantly, but the precise implications are uncertain and will remain so for some time. While the UK has said it will guarantee the rights of EU citizens in Britain and of British citizens in the EU, it will be controlling EU migration to the UK and wants to leave the jurisdiction of the European Court of Justice.
In this context the feasibility of the UK’s stated desire to preserve the Common Travel Area with Ireland along with a “soft” trade border is one of many open questions – and is one with an EU-wide rather than a bilateral, UK-Irish solution.
Planning for Brexit and how we can help
As the details of Brexit negotiations begin to take shape, businesses operating in the UK and EU markets are developing contingency plans. These include serious consideration by UK-based businesses of establishing operations in Ireland and of Irish concerns setting up a post-Brexit base in Britain.
Ireland is seen as a natural home for UK companies looking to keep a base in the EU for a number of reasons, including:
- Low corporate tax rate
- Educated, English-speaking workforce
- Pro-business and pro-EU environment with guaranteed access to EU markets
- Similar legal system to the UK, including similar employment laws
Hayes is recognised for providing high quality legal advice to companies establishing or expanding their presence in Ireland. We offer a team of experienced advisers combining expertise in all the key areas, covering daily business operations along with the more strategic aspects of setting up in Ireland. We have partners and solicitors who are dual qualified in Ireland and England & Wales and we regularly advise on UK-Irish legal matters, including cross-border transactions in Ireland.
Our services to inward investors include:
- Company formation
- Corporate governance
- Mergers & acquisitions and joint ventures
- Employment law
- Intellectual property
- Regulatory advice
- EU and competition/antitrust advice
- Commercial real estate and high-end residential real estate
- Data protection
We work closely with leading professionals in the accounting and tax advisory professions along with government agencies to help companies set up their Irish operations efficiently and cost-effectively.