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ARTICLE · 14 DECEMBER 2020

A Basic Guide To Starting A Business In Spain

The considerably extended negotiations do not suggest that the eventual deal struck is likely to please all parties.

SpainInternational Law

In the face of the extraordinary unprecedented multiple challenges that are being faced worldwide it would be understandable for many businesses to adopt a pessimistic attitude, particularly those in the UK aiming to do cross-border business in Europe.  Regardless of whether a free trade agreement is reached by the UK and the European Union or not when the transition period ends, there will be a new customs border between the UK and the EU.

The governor of the Bank of England, Andrew Bailey, commented in The Times newspaper that "a no-deal Brexit would cause more long-term damage to the economy than the coronavirus pandemic."  The considerably extended negotiations do not suggest that the eventual deal struck is likely to please all parties.  Crisis creates innovation and opportunities, particularly in problematical trading environments which frequently can and do give rise to opportunities for the shrewd businessperson with sufficient perception to recognise them.

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