Wednesday 27 October 2021

UK: introducing a corporate re-domiciliation regime - consultation launched

The Government has today - on autumn budget day - published a consultation paper seeking views on the introduction of a corporate re-domiciliation regime: see here (pdf). To quote from the consultation paper (at paras. 2.1 and 2.2): "This [new regime] would enable a company to shift its place of incorporation from one jurisdiction to the UK while maintaining the same legal identity ... Re-domiciliation would therefore enable a company to maximise continuity of its operations while enabling it to shift its place of incorporation. Its corporate history, management structure, assets, intellectual and other property rights, contracts, and regulatory approvals will generally remain intact...".

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