Brexit poses a threat to many multinational companies that are headquartered in the United Kingdom. As of now, these companies are taking into consideration many economic and political factors that will help them make the decision to stay in the UK or relocate to a different country inside of the European Union.
Ecclesiastical, a 130 year old niche insurance company, is one of the many who have begun looking into operation in other companies, although they are not interested in moving their headquarters out of the UK. In order to preemptively bridge the operational divide between the EU and the UK, Ecclesiastical has been working to receive clearance to operate as a third-country branch in Ireland; they have recently been approved by the Irish government.
There are many requirements that must be fulfilled in order for this to be approved. Some of the most important of those being that the company must set up a full time presence in the country while complying with a minimum capital requirement being held within the Irish State by the Irish High Court as …
