UK Prime Minister Theresa May plans to have the UK evaluate which EU laws would serve the UK best and decide what laws would need to go. It means that the UK is planning to negotiate a new deal with Brussels, win a series of major bilateral trade deals around the world and revise its own governance as we gradually leave the EU.
Prime Minister Theresa May has triggered Article 50 on 29th March 2017. This begins two years of negotiations over Britain’s exit from the EU.
Campaigners have created two possible options, ‘Hard Brexit’ and ‘Soft Brexit’.
Hard Brexit - This would result in the UK making their own independent trade deals, losing full access to the single market, having full control over immigration without EU influence, applying new rules within the UK, and reverting to World Trade Organisation rules.
Soft Brexit - This would result in the UK still remaining close to the existing arrangements with the EU, not being subjected to border checks on Britain’s exports, accepting the “Four Freedoms” of goods, services, capital and people and continued free access for EU nationals to live and work in the UK and membership of the European Economic Area.
As you can see, the outcome of each would lead the UK in different directions, however this would still allow international investors and businesses to come to the UK. As a Tier 1 Entrepreneur you and your business would still receive many benefits from coming to the UK.