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Brexit would prompt need for expat financial advice

Expats “currently enjoy a range of specific rights to live, to work and access to pensions, health care and public services that are only guaranteed because of EU law. There would be no requirement under EU law for these rights to be maintained if the UK left the EU,” stated the government report.

“If the UK were to leave the EU then the UK government would need to disentangle the regulatory framework from EU law for the financial sector. Regardless of the exit negotiations outcome this would be a large and complex task,” it added.

As it stands, EU law accounts for most of Britain’s legislative framework, with many laws transposed from EU directives – this means that that should the “No” vote win in June, the need for sound and promptly delivered expat financial advice may be greater than ever before.

Other News

AROUND THE BRANCHES: Living and Working in the Netherlands

Girl with Netherlands flagThe United Kingdom finally left the European Union on 31 January 2020. As such, the two jurisdictions are now in the process of implementing the Withdrawal Agreement, with the transition period ending at the close of 31 December 2020.

This means that in the short-term, nothing really changes for UK expats in the Netherlands – they will continue to enjoy the protections and freedoms of EU regulations, including, crucially, freedom of movement and the right to work and study in the country. Find out more about how Blacktower can help you during Brexit, here.

However, following the end of the transition period – i.e. after 31 December 2020 – UK nationals and their family members who live in the Netherlands will require a residence document. This should be arranged through the Immigration and Naturalisation Service (IND), which, in theory, will be sending letters to all UK nationals in the Netherlands detailing how they can apply online.

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BLACKTOWER CAYMAN LIMITED GRANTED FULL BROKER DEALER LICENCE BY CIMA

International investment and financial planning firm Blacktower Financial Management’s Cayman entity has announced that in addition to its Full Securities Investment Business Licence it has been granted a provisional Broker Dealer Licence by the Cayman Islands Monetary Authority (CIMA). Cayman, September 2022 Blacktower Cayman Limited has today announced that the firm has been granted the […]

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