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British referendum on EU Membership (Brexit) Result

Now that the UK has voted to leave the EU, there are many political matters that will require decision-making and negotiation at a European Union and UK level. How long it might take, what form it might take and what the end result might be is at this point unknown. However, as the withdrawal mechanism in Article 50 of the Lisbon Treaty will take at least 2 years from the date of formal notification to the European Council, despite the uncertainty business will continue, as usual, on a day-to-day basis.

Key considerations

Although politicians have much to consider, businesses currently based in the UK or those who were previously considering the UK as a route to EU markets also have decisions to make at a strategic, tactical and

operational level. At this point, key areas to consider include:

  1. Structure – the rationale for, and structure of, your international operations (e.g. cross border compliance issues, accessing EU markets in the most cost effective manner possible);
  2. Tax – implications arising from the point at which the UK ceases to be a member of the EU (e.g. repatriation of profits, holding company structures and VAT); and
  3. Regulation – issues affecting the structure and movement of finance, financial services and providers including legislative requirements, applications for authorisation and dealing with supervisory authorities (e.g. central banks and other regulatory authorities).

How we help

As a firm of specialist accountants with a focus on three markets; Financial Services, International Business and Government, we advise global financial services providers, life sciences and technology businesses, and their advisors on all aspects of doing business in Europe through Ireland.

We are experts in the provision of Audit, Tax, Advisory and Outsourcing services. Our approach is to provide established international companies and start-ups with the strategic insight, local knowledge, ideas and support necessary to facilitate their overseas expansion into Europe via Ireland. This is what we do every day.

The decisions businesses now face require multiple service delivery solutions. We are fully integrated into the international trade ecosystem. As a founding member of Ireland, Gateway to Europe, we work closely with industry leaders, entrepreneurs, service providers, trade bodies, Irish and international law firms, and government bodies such as Enterprise Ireland and IDA Ireland.

For more information please visit or call our Brexit Advisory team on +353 1 2933400.

EisnerAmper Ireland is the Irish owned member of EisnerAmper Global, a specialist network of independent member firms operating via global financial trading hubs.

To read more about Brexit and to download our Brexit guide please select here.

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