Independence, (legal) insecurity: Oryzon Genomics to leave Catalonia and move corporate HQ to Madrid

Business Advice Spain > B.A.S. BLOG > Uncategorized > Independence, (legal) insecurity: Oryzon Genomics to leave Catalonia and move corporate HQ to Madrid

On the 3rd of October 2017 Oryzon announced it would relocate its management and administrative staff to Madrid (Statement). The reasons given are the optimisation of its operations and relations with investors. Although it does not mention the recent occurrences as a reason for the move, it does come straight after the referendum and the confirmation that Catalonia will, unilaterally, pronounce its independence from Spain. If you would like to discuss if such a move would help your company or if you want us to execute, document such a move, we would be glad to assist.

Update: Oryzon stock leaps 27% on the Spanish stock market because of its move to Madrid.

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