Britain’s decision to leave the EU means many things for the financial services sector, including the possibility of being unable to properly service clients in all regions post-Brexit. Failing to act now to assess the impact the UK’s pending departure from the EU could have on your business is fatal.
The key is to know your current business and devise a new legal entity structure that enables you to continue operating and servicing your clients whatever the outcome of the Brexit agreement. For each institution, the impact will vary, but there is no doubt that preparation is the key.
Starting to put an interim structure in place now will put you in a good position to move quickly once the final outcome is known. Failing to prepare, places your business in a vulnerable position and could leave you unable, at very short notice, to conduct business with your major clients, leading to a loss of income, reputation, and ultimately your business model.
Read our insight paper Legal entity transformation in a Brexit world to find out how we can help your business.