Will Brexit impact a limited company in the UK?
The world today is increasingly globalized and successful companies are those that function worldwide. Britain has always offered great options to business owners and paves way for trouble-free global expansion. As Brexit is nearing, no one knows for sure what will happen during or after the negotiations. Though there is no clear way forward, we wanted to provide our clients with some useful and basic information regarding company formation inquiries.
What happens to my existing limited company?
The incorporation status of your company will not be changed if it is already registered in England and Wales, Scotland or Northern Ireland. There will be no need to re-register or cease trading as your limited company is incorporated and secured under well-established UK company formation act.
Secondly, your residential nature will not affect the incorporation status of your limited company when the UK leaves the EU. You might be a UK resident director, a citizen of any other non-UK country or another EU member state but it will not alter or influence your limited company. As we are working closely with Companies House and HMRC, we will quickly get to know if there are any changes to the statutory requirements.