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08.04.2019 - FAQ

FAQ

In order to prepare for Brexit, the Federal Ministry of Finance and the customs administration are working closely together and making extensive preparations for the impact of the possible Brexit scenarios. A crucial point to bear in mind is that the customs administration has experience of dealing with goods from third countries. However, it is to be expected that more processing and checks will be needed at times. The work of the customs authorities, particularly at the main international ports and airports that serve as hubs for international postal and courier services, will thus need to be increased as required. Agencies in regions where postal and courier services have so far operated distribution centres dealing with deliveries to and from the UK will also be affected.

In the fisheries sector, the EU has adapted regulations to provide financial support for affected EU fishermen in the event of an unregulated withdrawal of the UK from the EU and to ensure the smooth continuation of EU fishing activities in UK Waters.

Further information can be found on the website of the Federal Ministry of Food and Agriculture (in German).

The German Government has introduced legislation creating tax regulations (in German) to cushion undue hardship following the UK’s withdrawal from the EU. It also contains transition regulations for the financial market sector aimed at preventing a detrimental impact on financial stability and insurance holders in Germany.

For German companies that were set up in a British legal form, particularly that of a private company limited by shares (Ltd.), a simplified option for changing the company into another legal form in a regulated manner has been created for a transition period. The aim is to prevent undue hardship. The law entered into force on 1 January 2019.

The European Commission provides extensive further information to help those affected by Brexit to make their own preparations.

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