Post-Brexit, UK companies face a new landscape for China trade and investment. This guide covers the legal framework and practical considerations for British businesses.
Post-Brexit Changes
Trade Arrangements
Key changes affecting UK-China trade:
- UK no longer covered by EU-China agreements
- Separate UK-China trade discussions ongoing
- WTO rules apply as baseline
- Tariff schedules independent from EU
Investment Framework
UK companies investing in China should note:
- UK-China Bilateral Investment Treaty remains in force
- Double Taxation Agreement continues
- No longer part of EU investment screening discussions
Key Sectors for UK Companies
Financial Services
London remains a major financial center with China connections:
- RMB clearing and trading
- Stock Connect programs
- Insurance and asset management
- Fintech opportunities
Professional Services
UK law firms, accountants, and consultants in China:
- Licensing requirements for legal practice
- Partnership with local firms
- Scope of permitted activities
Education
UK universities and schools operating in China:
- Sino-foreign cooperative education regulations
- Branch campus requirements
- Online education restrictions
Hong Kong Considerations
Many UK companies use Hong Kong as a gateway:
- Hong Kong's separate legal system
- Greater Bay Area opportunities
- Cross-border arrangements
- Recent legal developments
Practical Considerations
- Currency and payment arrangements
- Contract law differences
- Dispute resolution options
- Enforcement of UK judgments
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