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 it in another jurisdiction.

As the name suggests, continuation has the advantage of continuity: while amending its registered address, the company does not cease to exist. There is no interruption or disruption to business, and the company keeps its original date of incorporation. In short, the company continues to exist but has simply migrated to another jurisdiction.

Why do this? The original reasons for incorporating in a particular jurisdiction may no longer be valid, while another jurisdiction may offer advantages that the original one does not.

It is generally easier to continue a company in another jurisdiction than to wind it up and transfer every asset, corporate contract, or item of property to a new company.

The process is straightforward. Assuming both jurisdictions allow continuation, the company submits documents such as a special resolution confirming its intention to migrate, articles of continuation, a director's solvency statement, and a registered-agent consent letter. Other documents may be required depending on the case, but the process can generally be completed in about 10 days.

To re-domicile your company, please contact SFM. We have over 15 years of experience in this field.

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