Relocation of Companies
Some jurisdictions permit companies to redomicile. They may do this to take advantage of particular features of the new jurisdiction, such as merger legislation, or tax treaties with other countries. The law in both the old and new jurisdictions must permit redomiciliation. The business of the company is deemed to continue without interruption on redomiciliation.
This is usually not a complicated process, but it might be slow and involve some paperwork; it can be used when the cost of the transfer of domicile is less than the tax consequences of transferring the assets of the company in question to a company newly incorporated in the desired new jurisdiction.
Read more about this topic: Offshore Company
Famous quotes containing the word companies:
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