US president-elect Donald Trump will step away from his businesses when he takes up office in the White House next year.
Mr Trump is the director of three businesses in Scotland - Trump Turnberry, Trump International and a helicopter firm registered at Turnberry.
Concerns have been raised the billionaire would face a conflict of interest when dealing with the leaders of countries in which his businesses operate.
In a series of tweets on Wednesday afternoon, Mr Trump said: "I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my businesses in total in order to fully focus on running the country in order to make America great again.
"While I am not mandated to do this under the law, I feel it is visually important, as president, to in no way have a conflict of interest with my various businesses.
"Hence, legal documents are being crafted which take me completely out of business operations."
"The presidency is a far more important task," he added.
Mr Trump has been encouraged to follow the lead of former presidents Bush and Clinton and put his holdings in a blind trust, through which his businesses would be managed without the involvement of the mogul or his family.
He has indicated he instead intends to hand control of his companies to his children
Eric Trump, Ivanka Trump and Donald Trump Jr are all involved in the running of their father's Scottish golf courses and are also acting as political advisers.