United Capital Group Ltd plans to move it's UK headquarters from Britain to Cyprus today over concerns about future trading concerns with the EU and also the potential tax issues related to hard Brexit
Jan. 31, 2019 / PRZen
/ MAYFAIR, England -- The British company's move is the latest sign of concern from the business community over the protracted Brexit negotiations.
"We will move our UK headquarters to Cyprus," a spokeswoman for the firm told, confirming a report in the local newspaper about their decision to leave the UK for Cyprus to keep their presence in the EU.
Shazad Chohan, Group CEO of United Capital Group Limited, told that the headquarters would move from London to Cyprus within January 2019.
The decision was sparked by fears felt on the news released by a government minister when he said that UK Businesses that trade with the EU need to take steps now to prepare for the possibility of a no-deal Brexit https://www.bbc.co.uk/news/business46645130
All existing clients and associates will be able to continue business with us thru our Cyprus company and we are no longer covered by the trading laws of the United Kingdom.
UNITED CAPITAL PROPERTY INVESTMENTS (CYPRUS) LTD
Georgiou Griva Digeni 81-83, 1st, 5th and 6th Floors Nicosia 1090, Cyprus Tel +357 22503074
Web www.Unitedcapitalgroup.euMedia Contact
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