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Dealing with BREXIT – Why so many UK Businesses are setting up an EU Company

Setting up an EU Company


  1. All goods and services transferred within the EU will continue to move seamlessly as they do now.
  2. Operate from anywhere in EU
  3. Significantly reduce Brexit-related paperwork
  4. Minimise tariffs
  5. Easily employ EU staff
  6. Enjoy lower tax rates
  7. Deal with UK customers using your UK business and EU customers using your EU business
  8. Deal with imports and exports from your EU base.
  9. Make the most of the EU’s trade deals with other countries.

Is Setting up an EU company worth the hassle?

It is true that there are costs involved with setting up an EU business, but it is a long-term investment. At EQIQ its all we do, we’re good at it and our prices are amongst the lowest in the EU because we do so much of it, we specialise in;

  1. EU Company setups
  2. Annual accounting
  3. Virtual or real office space
  4. HR & Payroll for staff
  5. Bank account setup
  6. Tax efficient structuring
  7. VAT Accounting
  8. Tax returns

Call us for a free 30-minute consultation and we’ll look to put in place a bespoke arrangement for your business, for one single annual cost.

Frequently Asked Brexit Questions:

Q: Will my business be affected by Brexit?

A: Virtually all UK businesses will be affected by Brexit, even if you deal only with UK customers your suppliers may be EU based or hold goods in a warehouse in the EU.

Q: Do I need to change the way I import or export goods or services?

A: Yes, broadly speaking imports and exports to and from the EU will follow the same rules as for non-EU countries.

Q: Do I need to change the way I account for VAT?

A: Yes, you’ll need to consider the rates that apply. Imported VAT payments can be postponed. For the first 6 months from January 2021 you can make a supplementary declaration for imported goods. To do this, you will have to apply.

Q: What other areas will I need to consider post Brexit?

A: Other aspects of business life which will commonly be affected are; state aid payments, product safety, eco-compliance, labelling of goods, copyright, trademarks, patents, environmental standards, emissions, transfer of data and recognition of qualifications & licences.

Q: Are there any steps I can take to avoid a lot of these changes?

A: There are many steps that can be taken to prepare for Brexit, one popular option is to setup an EU company to run alongside your UK business.

EQIQ Cyprus

Not only are we a team of Chartered Tax Advisors, STEP qualified practitioners and lawyers, but we are also commercially minded business owners who know what works in the real world, and will work with you to create the structure you require.

We all live in Cyprus and we know how business works here. EQIQ has been successfully establishing, managing and advising on corporate and personal services in Cyprus for 10 years.

From simple holding vehicles to complex cross-border enterprises, we listen to your requirements and create a bespoke offering to suit your needs.

With 15 years experience in this sector, we have so far created and managed over 2,000 trust and corporate vehicles for our clients, ranging from effective family trusts to NASDAQ quoted holding vehicles.

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