Update on Catalonia: More than 1,400 companies changed corporate seats. Car maker SEAT might follow suit

In the last couple of weeks more than 1,400 companies have changed their corporate addresses, leaving Catalonia and registered somewhere else (in Spain). The main driver behind these moves is the fear of future (legal and political) instability that the independence crisis might bring and already brought about.

Although economic consequences are not to be immediately expected, the reputational damage for the Catalan independence movement is considerable. Mainly because  during its independence campaign it apparently grossly underestimated the current scenario and now when this exit is in full swing, it does not have an appropriate reaction or explanation to counter it.

If you would like to discuss what the consequences for you or your customers might be in Catalonia, please do contact us for reasoned feedback on your situation.

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