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Italy company incorporation for corporation UK after Brexit

The trade borders after the conclusion of Brexit or the procedure for the United Kingdom to leave the European Union are established with agreements between the UK and the EU. The decisions taken by the negotiations do not establish the standard procedure for guaranteeing commercial operators and businesses, customs operations for trade with the United […]

The trade borders after the conclusion of Brexit or the procedure for the United Kingdom to leave the European Union are established with agreements between the UK and the EU. The decisions taken by the negotiations do not establish the standard procedure for guaranteeing commercial operators and businesses, customs operations for trade with the United Kingdom. The European Commission has published a guide to help businesses navigate Brexit and business operations to and from the UK.

Italy company incorporation for corporation UK after Brexit

For UK companies, the Brexit solution is to set up a foreign company in one of the EU countries. We propose Italy.

The belief that the UK is a European country is easy to eradicate in people. Brexit puts the UK out of the EU. The UK is a non-EU country to all intents and purposes. In order not to cancel overnight all the assets of commercial relationships accumulated by every company in the United Kingdom over the last 50 years and to manage the conditions of UK / EU import / export, the solution proposed by an important partner of the businesses recommended in Italy like Damiani&Damiani International Law Firm, is to open a representation in Italy of the foreign company. 

Representation of the UK company in Italy can take different forms that you can study and deepen by consulting the pages of the Damiani&Damiani website. In the management of border relations, the company must have control of the non-EU foreign VAT number or require special conditions for the access of its employees to Italy, for example with a residence permit for work reasons.

From 1 January 2021, all exchanges of goods from Italy to the United Kingdom and vice versa are export and import operations from and to a non-EU third country. For this reason, customs operations and formalities with the United Kingdom are established in the manner provided for non-EU countries.

Business remains the pillar on which commercial relations are founded. The contract remains the basic instrument on which international commercial relations between states and individuals are founded. This is why the procedures to be followed for exports to and from the EU are detailed and established. The exporter must present the goods and the related export declaration and, if required specific authorizations or licenses to the “export” customs office which, pursuant to art. 221, p. 2 of EU Reg. 2015/2447 (RE), is the customs office responsible for the place where the exporter is established or the goods are packed or loaded for export, as established by the Customs and Monopoly Agency. The company that exports goods from the United Kingdom to the EU crosses a border and must therefore submit the declaration and assignment of the transaction reference number M.R.N (Movement Reference Number), the attribution of the EAD (Export Accompaniment Document) and the goods exit receipt. 

On the contrary, from 1 January 2021, the export of goods to the United Kingdom is allowed for business owners with an EORI number. Companies based in one of the countries of the European Union that trade with the United Kingdom have an EORI number to be requested from the customs authorities. 

The UK government provides all the necessary guidance to UK traders and people on how the UK / EU border works.