Transferring your company to the UAE may be the right move to play next. There has never been a better time to explore the UAE as a jurisdiction to transfer your business. Below we explain the process of company transfer and the pull factors the UAE has on offer.
WHAT IS CORPORATE MIGRATION / RE-DOMICILATION?
Corporate migration – or corporate re-domiciliation can also be referred to as the transfer of domicile or transfer of incorporation.
This is a method in which a company moves its “home” or “domicile” by shifting it to the laws of incorporation and registration of companies in another destination jurisdiction.
Once the company has been deleted from the register of companies in the originating jurisdiction, the entity would continue to preserve its legal identity, assets, and obligations as a registered company in the new jurisdiction.