See five reasons why the new tone between the EU and the UK is great news for EU companies that have – or are considering establishing – a company in the UK
A more stable and positive relationship between the EU and the UK is on the way. This is clear after the first formal summit between the parties since Brexit, where a comprehensive agreement was reached on defence, energy, fisheries and food exports, among other things. The agreement marks a political breakthrough and opens the door to closer cooperation – without compromising British sovereignty or the EU’s fundamental principles.
But what does this actually mean for EU companies that have – or are considering establishing – a company in the United Kingdom? The answer is simple: this is really good news.
Here are five reasons why.
1. Improved political stability and climate for cooperation
The new partnership marks a new beginning and an improvement in the relationship between the EU and the UK. For EU companies looking to establish themselves in the UK, this means less uncertainty, fewer frictions and a greater willingness on both sides to find common solutions. This restores confidence in making investments.
2. Better trading conditions – especially for exports and imports
The agreement will give the UK easier access to export food to the EU – and such agreements often work both ways. This could mean that EU companies with British subsidiaries will have easier access to both the British and European markets, especially when it comes to goods that were previously affected by bureaucracy and customs delays after Brexit.
3. Future agreements on energy and mobility
EU companies focusing on green energy, technology or infrastructure can benefit from future cooperation in the energy sector. This provides new opportunities for investment and innovation – especially if you have a company in the UK that can bid in both directions.
4. Access to defence and security projects
The agreement opens up the possibility for the UK to participate in joint EU programmes again – e.g. within cyber security and critical infrastructure. If you are an EU company with expertise in areas such as IT security, defence technology or logistics, this also opens up new market opportunities via a British subsidiary.
5. Calmer waters – literally
The extension of the fisheries agreement brings stability to maritime relations. This is important for companies involved in food production, logistics and export, as access to British waters and port infrastructure is secured for many years to come.
For EU companies that already have subsidiaries in the UK – or are considering setting one up – this agreement sends a clear signal that cooperation and access to markets are moving in a more positive direction. This makes it easier to plan, invest and expand with fewer risks and fewer political obstacles.
