Company Migration, Continuation and Re-domiciliation
Defining Company Migration, continuation and re-domiciliation
The process of Company Migration, sometimes referred to as Re-domiciliation or Continuation, refers to de-registering a company in one jurisdiction and re-registering in another jurisdiction.
As the name suggests, continuation has the advantage of continuity : while it is amending its registered address, the company doesn’t cease to exist; there is no interruption or disruption to business, and the company keeps its original date of incorporation. In a nutshell, the company continues to exist but has simply migrated to another jurisdiction!
Why do that ? simply because the original reasons why a company was incorporated in a particular jurisdiction might no longer be valid, and another jurisdiction may present advantages that the original jurisdiction does not.
It is clearly easier for a company to apply to continue in another jurisdiction than to wind-up the said company and transfer each individual asset, corporate contract or item of property to a new company.
The process is actually quite easy. Assuming that both jurisdictions allow the continuation procedure, the company would have to submit documents such as a special resolution confirming the company’s intention to migrate, the articles of continuation, a director’s solvency statement and a registered agent consent letter. Other documents may be required depending on the complexity of the case, but generally, the whole process can be completed in about 10 days.
Should you wish to re-domicile your company, please contact SFM. We have over 15 years of experience in this field.
SFM can assist with company redomiciliation, a process that involves transferring your company's domicile from one jurisdiction to another. This is a great way to take advantage of offshore business environments that may be better suited to the needs of your company. Use our offshore jurisdiction list to browse the countries and jurisdictions we can assist you with.
Our offshore company formation process is easy and straightforward. Depending on your jurisdiction, it can take from as little as two days once all your documents are well confirmed. The SFM team will guide you through the process and will ensure all your information and documents are submitted on time and your dedicated account manager will be available to answer any questions you may have.
