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It is clear that the majority of the people in the UK voted leave and the government is determined to deliver on what they demanded. After all, this is the basis of democracy.
A simple yes or no choice will have significant impact on how people will live and trade in the UK.
The current issue with the Northern Ireland is a grave one; we are told that the EU representatives are proposing the Northern Ireland could stay in the EU but the Great Britain could leave! This will cause existential problems for the United Kingdom.
Besides all the political issues there are considerable legal impacts that any business should consider. Many rules will change; property market will be impacted, customs may change; immigration rules will change and so will how businesses trade.
Currently, every EU citizen after the UK leaves the EU will have to make an application to stay in the UK under immigration rules. They will have two years to regularise their residence in the UK after which they will have to leave should they fail to do so.
If you believe you or a person you know might be affected by Brexit do get in touch.
Contracts of business will have to be reviewed and there might even be tax implications.
At Fard & Co we are doing our best to stay appraised of proposals and changes to enable us to guard your interests.