Tuesday, August 27, 2019

100 companies move to Netherlands over Brexit: officials

Brexit.
Nearly 100 international companies have moved to the Netherlands and 325 more are interested owing to uncertainty over Britain's exit from the EU, Dutch officials have said. 
Companies including financial data provider Bloomberg and the European headquarters of the Discovery channel are among those who have shifted recently.
Most of those in the first wave "have urgent reasons, for example because of a banking license or broadcasting rights to remain active in the EU", the Dutch agency said.
The Dutch remain in competition with France, Ireland, Germany and Belgium in particular for the spoils of Brexit business, said the NFIA.
"The NFIA expects that the Brexit results will grow further in the coming months," it added.
"Brexit remains bad news for the Netherlands, but with Brexit more companies are going to choose our country in the coming years," the agency said.
Japanese electronics giants Sony and Panasonic said several months ago that they were moving their European headquarters across the North Sea to the Netherlands.
In addition to relocations by corporations, the European Medicines Agency (EMA), an EU agency, has moved from London to Amsterdam as it could not legally remain in a non-EU country.
Britain is to leave the EU on October 31, with fears growing that it will crash out without a divorce deal, causing huge disruption to trade and transport ties.

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