Re-domiciliation is the process by which a company/enterprise move its domicile from one jurisdiction to another.
REASON TO RE-DOMICILE:
Companies will be able to maintain its existing legal status.
The goodwill of a company can be maintained.
The operational history of such companies can be preserved.
BENEFITS OF RE-DOMICILIATION:
100% FOREIGN OWNERSHIP.
Capital & profit repatriation is allowable.
Tax allowances/exemptions.
Regulations free from ambiguity which meets international best practices and standards.
Simple and fast procedures
IMPORTANT POINTS TO REMEMBER
A foreign company may not continue as a company incorporated if-
a) It is in liquidation.
b) A receiver or manager has been appointed in relation to any of its assets.
c) It has entered into an arrangement with its creditors, that has not been concluded;
d) An application made to a court in another jurisdiction for the liquidation of the company or for the company to be subject to liquidation or insolvency proceedings has not been determined or
e) If the registrar is of the opinion that it would be contrary to the public interest to do so.