Seeking Security in Spain

Thousands of Catalonia-based companies have moved their headquarters out of the region

Almost 2,400 Catalonia-based companies have shifted their legal base since the region’s illegal independence referendum on Oct. 1. The biggest exodus -- 268 -- was on Oct. 19, when ousted Catalan leader Carles Puigdemont missed a deadline to drop his quest for independence, setting the stage for a showdown with the central government in Madrid. While relocations were administrative and didn’t necessarily mean moving workers, companies did it to remove themselves from uncertainty and ensure they didn’t end up outside Spain and the EU.

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