UK: CORPORATE RE-DOMICILIATION CONSULTATION

On 12 April, the Department of Business, Energy and Industrial Strategy published a summary of responses to a consultation which closed on 7 January.  The consultation concerned proposals for a re-domiciliation system, which would enable a foreign-incorporated company to change its place of incorporation whilst maintaining its legal identity as a corporate body.  This would give companies maximum continuity over business operations when redomiciling and substantially reduces administrative complexity compared to other routes of relocating and incorporating in the UK.  The Government says that it intends to introduce such a regime, making it possible for companies to move their domicile to and relocate to the UK by enabling the re-domiciliation of companies.  

https://www.gov.uk/government/consultations/corporate-re-domiciliation

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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