Company Redomiciliation

 

Why to Redomicile 

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There are various reasons why a company or other legal entity would want to change its jurisdiction, these including changes in the political, economic and fiscal environment and/or the need towards transparency and compliance.

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In most cases, the easiest option is to incorporate a new entity in a second country whilst closing down the one in the first country. However, this is not always possible and in some instances a company may want to retain its trading history or it might have a number of open contracts. In such cases, provided that both countries recognise this concept in their respective law, redomiciliation would be the choice.

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Malta is proving to be an ever more appealing for businesses looking to re-domicile from an offshore to a safe and stable EU onshore jurisdiction. 

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How to Redomicile 

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The general steps will include the entity to provide:

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• A certificate of good standing issued by the Registrar of the first country;

• A board resolution confirming the intention to re-domicile and the person(s) who will be authorised to execute the change; and

• The latest 3 sets of audited financial statements.

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Once all the required documentation has been accepted by Malta, the Registrar will issue a provisional registration certificate.  Following the strike-off of the entity from the first country, Malta will issue a final registration certificate.

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Once re-domiciled, a company (or other entity such as a trust or fund) would be able to benefit from the various advantages offered in Malta.