Brexit And Its Economic Consequences - Business Relocation To Cyprus As An Alternative Solution

Originally published 14th October 2016

Britain's vote to leave the EU on the 23 of June 2016 has led to serious consequences – dramatic fall in sterling; jobs cuts; collapsed investment deals – and the British economy has entered to a period of uncertainty.

Due to the economic impacts of Brexit many companies are considering to leave the country and to move their headquarters to other jurisdictions within the EU.

According to Bloomberg (26/09/2016):

The U.K.'s vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of 100 business leaders by the accountancy firm KPMG.