BREXIT BUSINESS CHECKLIST – what changes do you need to make and what are the expected consequences if you don’t?
Your business has enjoyed many years of trade in the UK and across Europe and you don’t want that to be affected by the UK leaving the EU. To continue enjoying that trade you will need to look at your current company arrangements and make some changes.
Don’t delay – delaying could be expensive; sound advice is needed now to protect you and your business!
Now that we have officially left the European Union, necessary changes that UK registered businesses need to make to comply can be implemented. The necessary changes are based on a variety of factors and differ from sector to sector as well as being influenced by specific business dealings with the EU; nationality of staff, data usage and intellectual property protection to name a few.
We have put together, for your convenience, an initial checklist regarding potential changes you may need to make and can advise you, taking the headache away:
- Do any of your employees need a visa or work permit?
- You should ensure that employees who are EU citizens have taken the necessary steps to obtain the right to continue to legally live and work in the UK as they will need to apply to the EU Settlement Scheme before 30 June 2021.
- Your business will now need to sponsor skilled workers who are EU citizens who you intend to employ, in the same way in which all other non-EU citizens had to apply for a work visa.
- It is important to note that when travelling to the EU or EEA for business for more than 90 days in a 180-day period a visa or work permit will probably be necessary. Furthermore, the same will be required for intra-corporate transfers, carrying out services in a country where an employer has no presence or providing services as a self-employed person.
- Do you need to have your professional qualification recognised?
- Do you need to change your contract to continue accessing data?
- Do you intend to continue to provide online services in the EU?