Millionaire Leave Means Leave boss Richard Tice has listed his Quidnet Capital business on a stock exchange based in Guernsey.
His firm Quidnet Capital recently announced it was converting to a Real Estate Investment Trust (REIT) and listing on the Guernsey-based International Stock Exchange. The EU has criticised Guernsey for its lax business regulations.
A page on the website of the Guernsey stock exchange praises REIT structures as “tax efficient”, and implies that it can help satisfy the condition that REITs must be listed on a stock exchange without the usual requirement that a quarter of their shares must be made available for sale to the public.
Perhaps this what hard Brexit campaigner Tice meant when he said Brexit would allow businesses to “explore wider global opportunities”.