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Can Boris save the deadlock before the end of the transition period? – as he heads to Brussels for last ditch talks

BORIS JOHNSON attempts to secure a trade deal before the Brexit transition period expires on December 31. If a miracle can be expected to get this deal done it will have to happen pretty soon or perhaps another extension is what Boris is looking for but it is expected that Brexit negotiations will extend beyond tonight’s meeting with the president of the European Commission Ms von der Leyen.

So how do things look abroad for expats if there is a no deal Brexit?

A number of concerns are currently on the table and they mainly focus around the financial sector. Banking and currency transfers could be problematic and this is because companies that trade out of the UK will find themselves without a license to operate in Europe and therefore would need to move all of their current arrangements to a EU country. This takes time and costs a huge amount of money notwithstanding the issues of infrastructure and staffing. One may say well the financial sector have had long enough to get this organised well four years in fact but on the other hand it all comes at a cost and if the UK had achived an agreement with the EU then the favourable option of keeping things as they were would suffice.

Certain bank’s have warned their customers of account closures and many other banks will follow suit in the coming weeks, unless of course they have already made the arrangements to switch their operations to the EU.

The transition period – The UK has left the EU.

There is now a transition period until the end of 2020 while the UK and EU negotiate additional arrangements.

The current rules on trade, travel, and business for the UK and EU will continue to apply during the transition period.

The current rules on trade, travel, and business for the UK and EU will continue to apply during the transition period.

 

New rules will take effect on 1 January 2021 – What you can do now?

 

Living and working in the EU:

Living and working in an EU country depends on the rules in that country.

You may need to register or apply for residency. You should check that you’re covered for healthcare.

You may also need to exchange your UK driving licence for a licence issued by the EU country where you live.

 

The transition period – The UK has left the EU.

You can continue to travel to the EU as usual during the transition period.

From 1 January 2021 there will be new rules to travel to the EU, or to Switzerland, Norway, Iceland or Liechtenstein.

 

Things you may need to do before you go include:

Check your passport

Get travel insurance that covers your healthcare Check you have the right driving documents Organise pet travel – contact your vet at least 4 months before you go

There are more things to do if you’re travelling for business. For example, going to meetings and conferences, providing services (even with a charity), and touring art or music.

 

Healthcare: check you’re covered

http://www.ibexinsure.com/health-insurance/health-insurance-benefits

 

You should always get appropriate travel insurance with healthcare cover before you go abroad.

http://www.ibexinsure.com/travel-insurance/travel-insurance-benefits

Your European Health Insurance Card (EHIC) will be valid up to 31 December 2020.

It’s particularly important you get travel insurance with the right cover if you have a pre-existing medical condition. This is because the EHIC scheme covers pre-existing conditions, while many travel insurance policies do not.

 

You can read advice on buying travel insurance with the right cover here

http://www.ibexinsure.com/travel-insurance/travel-insurance-benefits

 

Preparing your business:

From 1 January 2021 you will need to make customs declarations to move goods into and out of the EU.

You should get an EORI number if you do not already have one.

You should decide how you want to make customs declarations and whether you need to get someone to deal with customs for you.

 

Information and press release on the new rules will be posted here, read BREXIT LATEST

http://expatinfo.es/latest-news/ 

 

You should prepare now and subscribe to email updates about any additional arrangements.

The transition period – The UK has left the EU.

There is now a transition period until the end of 2020 while the UK and EU negotiate additional arrangements.

The current rules on trade, travel, and business for the UK and EU will continue to apply during the transition period.

The current rules on trade, travel, and business for the UK and EU will continue to apply during the transition period.

 

New rules will take effect on 1 January 2021 – What you can do now?

 

Living and working in the EU:

Living and working in an EU country depends on the rules in that country.

You may need to register or apply for residency. You should check that you’re covered for healthcare.

You may also need to exchange your UK driving licence for a licence issued by the EU country where you live.

 

The transition period – The UK has left the EU.

You can continue to travel to the EU as usual during the transition period.

From 1 January 2021 there will be new rules to travel to the EU, or to Switzerland, Norway, Iceland or Liechtenstein.

 

Things you may need to do before you go include:

Check your passport

Get travel insurance that covers your healthcare Check you have the right driving documents Organise pet travel – contact your vet at least 4 months before you go

There are more things to do if you’re travelling for business. For example, going to meetings and conferences, providing services (even with a charity), and touring art or music.

 

Healthcare: check you’re covered

http://www.ibexinsure.com/health-insurance/health-insurance-benefits

 

You should always get appropriate travel insurance with healthcare cover before you go abroad.

http://www.ibexinsure.com/travel-insurance/travel-insurance-benefits

Your European Health Insurance Card (EHIC) will be valid up to 31 December 2020.

It’s particularly important you get travel insurance with the right cover if you have a pre-existing medical condition. This is because the EHIC scheme covers pre-existing conditions, while many travel insurance policies do not.

 

You can read advice on buying travel insurance with the right cover here

http://www.ibexinsure.com/travel-insurance/travel-insurance-benefits

 

Preparing your business:

From 1 January 2021 you will need to make customs declarations to move goods into and out of the EU.

You should get an EORI number if you do not already have one.

You should decide how you want to make customs declarations and whether you need to get someone to deal with customs for you.

 

Information and press release on the new rules will be posted here, read BREXIT LATEST

http://expatinfo.es/latest-news/ 

 

You should prepare now and subscribe to email updates about any additional arrangements.