The UK Club has taken the move as the future trading relationship between the UK and the EU remains uncertain with Brexit negotiations proving difficult.
“Although the precise future trading relationship between the UK and the EU remains uncertain, we are putting arrangements in place that will allow the UK Club to continue to provide cover for our Members regardless where their ships are registered. The Club remains committed to doing business within Europe,” said Hugo Wynn-Williams ceo of Thomas Miller that manages the UK Club.
“The Netherlands is, in our view the optimal jurisdiction for the Club’s European Union subsidiary due to its convenient location with excellent transport links, its proximity to major markets, stable business environment, use of English for business, and a regulatory system which provides the best fit for our operational model.”
The new subsidiary could also be used by other clubs managed by Thomas Miller.
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