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Redomiciliations or Transfer Of Domicile
Adil Zone (ADZ)
Redomiciliations or Transfer of Domicile
Re-domiciliation, also known as transfer of domicile, refers to the process of moving a company’s legal jurisdiction from one country to another. This process enables enterprises to take advantage of more favorable tax laws, improved access to specialist financial and capital markets, and other benefits offered by their new location. The UAE is an internationally recognized jurisdiction that offers a highly professional, growth-oriented environment, supported by world-class infrastructure, business-friendly policies, stable banking facilities, and AML/CFT countermeasures.
Benefits and Advantages
One of the main advantages of re-domiciliation is that companies can maintain their existing legal status and preserve their operational and banking history, which is beneficial for the continuity of the business. Additionally, re-domiciliation provides access to common law courts and offers the flexibility to move from one jurisdiction in case of any changes in the rules and regulations of the country.
ADZ’s expert team can advise on the transfer process, whether it is into the UAE or transfer out. We have extensive legal knowledge and expertise, which is advantageous to the client in finalizing the optimal jurisdiction, reviewing the regulatory requirements, and assessing each transaction. Our team can assist in identifying and evaluating the benefits and risks associated with transfer of domicile, ensuring a smooth transition of the company to the new location.
Our re-domiciliation services include assistance with the preparation of all necessary documents, obtaining approvals from the relevant authorities, and advising on compliance with local laws and regulations. We can also assist with the ongoing administration and compliance of the re-domiciled company.
In conclusion, transfer of domicile is a strategic move that can offer significant advantages to companies looking to enhance their competitiveness, improve their market access, and reduce their tax burden. With our expert advice and assistance, companies can achieve a seamless transfer of domicile and enjoy the benefits of their new location.