Saturday, July 31, 2021
spot_imgspot_img
HomeTaxationCompanyBusiness urged to prepare for No-Deal Brexit

Business urged to prepare for No-Deal Brexit

The President of The Malta Chamber of Commerce, Enterprise and Industry Perit David Xuereb said that with 50 days to the end of the Brexit transition period, businesses needed to make sure that they had everything in place, in order to ascertain a continuation of their business come next January.

The Malta Chamber President was addressing a press conference which launched an information campaign to help businesses get ready for a probable no-deal Brexit. The Malta Chamber co-organized the event with the Ministry for Foreign Affairs and the Parliamentary Secretariat for EU Funds.

Addressing the press conference, The Malta Chamber President said that discussions between the UK and the EU were geared towards an agreement, however, this remained elusive.

We are cautiously optimistic however we know that by the end of the year there might be a no-deal exit. We urge businesses to remain continuously updated,” he said, urging businesses to participate in a series of upcoming information sessions the Chamber was organising together with the relevant Ministry.

The Malta Chamber President also urged businesses to speak with their suppliers and counterparts in the UK as soon as possible, in order to make sure that their businesses would be in a position to function post-December 31. David Xuereb noted how The Malta Chamber had been following the developments around the Brexit negotiations through its partner organisations at EU level Business Europe and Eurochambres, as well as through the Malta Business Bureau.

In fact, as long as Brexit had been on the cards, The Malta Chamber had organised a number of events on the subject and kept the members of Malta’s business community well informed on the developments. “With just 50 days to the end of this transition period, it is now time to take necessary action to safeguard our businesses” Perit Xuereb said, as he urged companies to come forward and contact the Chamber for more information and assistance on the subject.

In preparation to the end of the Brexit transition period, The Malta Chamber has teamed up with the Ministry for Foreign and European Affairs and the Parliamentary Secretariat for EU Funds, to keep businesses up to date about how best to be prepared for a probable no-deal Brexit.

For further information contact the Malta Business Agency offices by filling in the following form.

  •  
  • Giovanni Guarise
    Professional journalist since 2010, over the years as a freelance he has dedicated particular attention to the world of Small and Medium Enterprises, creating in-depth studies and focuses for various newspapers, and collaborating in communication activities for a trade association in Veneto.
    We are partners ofspot_img
    spot_img

    Related articles

    The Fiscal Unit regime for group taxation

    On 31 May 2019, the Government introduced a new tax unit regime to make the parent company or holding company of a group the...

    Joanne Bondin is the new president of the Malta Employers’ Association

    Following its Annual General Meeting, Joanne Bondin has been appointed as the new President of the Malta Employers’ Association. Bondin has served on the Council...

    Covid aid to businesses guaranteed through 2021

    Companies registered in Malta that have suffered drops in turnover certified by VAT returns will continue to be supported by the support measures already...

    Subscribe to our newsletter

    Stay informed about the opportunities and news of Malta Business

    I accept Term & use and Privacy Policy.

    Funding focus
    Discover the news in the dedicated section