Information regarding the consequences of the United Kingdom leaving the EU

03.02.2020 - Article

Brexit came into effect on 1 February: The UK is no longer a member of the European Union.

For the time being, the departure of the UK will not change anything for either citizens or companies:

  • A transition period until 31 December 2020 is anchored in the Withdrawal Agreement, during which EU law continues to apply to the UK. The UK remains a part of the EU single market and the EU customs union.
  • The EU’s freedom of movement, i.e. the right to live, work, study or have social security coverage in the EU and in the UK continues to apply in full during this period.
  • Under the Withdrawal Agreement, the transition period may be extended once by up to two years; the decision on this must be made by 1 July 2020. In particular, the transition phase provides citizens as well as the business sector with crucial planning certainty.

Find more information here: European Commission

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