Redomiciliation, also known as redomicile, refers to the process of transitioning a company’s legal address from one country to another while preserving its organizational and legal structure. This move falls under the jurisdiction of international laws such as the “Convention on Jurisdiction and Enforcement of Judicial Decisions…” and the “Bustamante Code.”
Certain jurisdictions permit companies to change their legal address without undergoing liquidation, allowing for relocation to another country. Redomiciliation enables enterprises to benefit from improved tax conditions, access new markets, evade stringent regulations, and leverage shareholder potential elsewhere.
To initiate redomiciliation, it’s crucial to examine the legal requirements of both the current and desired jurisdictions, review company documents for any prohibitions, and gather the necessary paperwork, including business licenses and director/shareholder documentation.
Most offshore zones legally allow redomiciliation, offering a practical solution for companies seeking favorable regulatory environments. However, it’s essential to be aware of any additional requirements imposed by both countries involved in the process.
AVLLC boasts extensive expertise in facilitating company redomiciliations across various offshore and European jurisdictions. Contact us for expert consultation today
