Brexit – The article 50 talks will be about unwinding European Union membership: The EU has developed an internal single market through a standardized system of laws that apply in all member states. European Union policies aim to ensure the free movement of people, goods, services, and capital within the internal market. With Brexit, UK-based firms will likely lose the benefits by which any firm authorized in one European Union country can operate in any other without additional licensing. Of course, there will be a new agreement, but for the meantime, UK-based firms have lost access.
- Access to the European Union: Firms based in Germany will continue to profit from the access to Europe´s Digital Single Market, the largest economy in the world and a market that has generated a nominal gross domestic product of 16.477 trillion US dollars in 2016 (incl. the UK).
- Cost of Living. The cost of living in London is 46% more expensive than in Hamburg – Comparing food, housing, clothes, transportation, personal care, and transportation – London ends up as nearly twice as expensive as Germany cities like Berlin, Dresden, Frankfurt, Hamburg – (source: https://www.expatistan.com).
- Language & Quality of life. English is widely accepted and commonly spoken in Germany and the open culture has attracted a wide range of international talent. Berlin and Hamburg are the top cities with a free business environment. Source: City ranking https://teleport.org/cities/hamburg.