Originally Posted by
vikingivesterled
If there becomes a Brexit tit for and tat since EU companies have to have a more than 50% EU shareholding, then to be seen as a UK company it must be majority owned by UK shareholders. And rumours have it also have a certain amount of UK citicens on its board to show its UK controlled. Will Ryanair UK be a UK company in that respect. How will the EU company Rynair Holding as a necessarily minority stakeholder keep forever control then. Possibly they will have to operate more like an alliance, RyanairWorld if you like, which could open possibilities in many markets.
There is something called Grandfathered rights which will mean that airline as a Ltd company can stay in place but they cannot set up a new company and it doesn't get backdated.
Set up of board is actually irrelevant as can have 10 board members, 9 UK and 1 EU and 1 EU controls what happens because even though the 9 have 50.01 of the shares the EU person is guaranteeing the company's debts. On paper no control but Company Law deems it as Shadow director and shadow control.
UK won't want to go down that route because reciprocal is that every UK business in EU then has to have separate board with 50% plus of shareholders being EU citizens and holding shares.