UK citizens are beginning to leave the country after Brexit in search of new business opportunities in Spain.
Many British citizens are considering starting a business in Spain, with the intention of leaving the UK after Brexit. What is the reason for this? Brexit is the name given to the political process that involved the UK leaving the European Union, thus abandoning their status as a member of said political community. The European Union (EU) is an international political community that was established to integrate the various states of Europe.
One of the most visible consequences of Brexit is institutional, since the 73 British MEPs will no longer be members of the European Parliament. Another similar repercussion is that the British Prime Minister will no longer be able to attend summits for heads of state or governments; he will have to give up his role, as will the judge of the General Court of the European Union.
Consequences of Brexit
The United Kingdom’s withdrawal from the European Union has created obstacles to business and to the different types of cross-border trade, obstacles that didn’t exist before Brexit was finalised on 1 January 2021. In this sense, it is accurate to say that the consequences for public administrations, companies and citizens were inevitable, even with the Trade and Cooperation Agreement between the European Union and the United Kingdom as established by the European Commission.
The commission also provides guidance to the governments of member states by organising industry-specific technical seminars to help improve the application of preparation measures, particularly with regard to border controls for goods and people.
With regard to issues related to the application of the Trade and Cooperation Agreement between the European Union and the United Kingdom, the European Commission clarifies that organisations, companies and citizens may establish continuous contact through the Europe Direct information service.
Starting a business in Spain
Due to the consequences of Brexit for UK citizens, many are beginning to consider leaving the country. Starting a business in Spain is a potential alternative for UK citizens, one that they are beginning to evaluate in precise detail.
The number of applications to open a business in Spain has been increasing recently, in terms of those that have gone through the various legal offices in the sector. When a British person thinks that “starting a business in Spain” might be the perfect solution to Brexit, they will start looking into the requirements that they need to meet to comply with the established regulations in the country.
British citizens seek support from specialists in the sector to obtain personalised guidance and ensure that their future business is established efficiently and legally. It is possible to develop a business in Spain and it can be done successfully with the best guidance from seasoned professionals in the sector. Spain has become a country that welcomes citizens leaving the UK in the wake of Brexit, due to the fact that it is open to foreign investment.