Companies: Registration
The question
To ask the Secretary of State for Business and Trade, what his policy is on companies moving their registration overseas when they have been found in breach of export licence conditions and the Government has imposed a requirement that they return the exported goods to the UK with which they have not complied.
Answered by Mr Douglas Alexander
The registration of a business is generally a matter for its owners. However, if they are UK legal or natural persons active in the Maritime Anti-Piracy sector, they are still subject to UK Export Licensing legislation. The only requirement under existing UK licensing provisions is for Private Maritime Security Companies to make an application to use alternative approved storage for controlled goods. The enforcement of export licensing is a matter for His Majesty’s Revenue & Customs.
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