Re-domiciliation to Hong Kong - Procedures and Key Points
Re-domiciliation allows an overseas-incorporated company to move its place of incorporation to Hong Kong while maintaining its legal identity, financial history, and operations. This means your company can enjoy Hong Kong’s business advantages without the need to wind up and start over.
- Why Re-domicile to Hong Kong
Hong Kong offers:
- Low and simple tax regime
- Robust legal system based on common law
- Strategic location as a gateway to Mainland China and Asia
- Business-friendly environment with minimal restrictions on foreign investment
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- Eligibility
A company may apply for re-domiciliation if:
- Its home jurisdiction permits outbound re-domiciliation
- It meets solvency and compliance requirements
- Shareholders have approved the move
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- Procedures
The process generally involves:
(a)
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Pre-application Review - Confirm eligibility and ensure the home jurisdiction allows re-domiciliation.
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(b)
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Internal Approvals - Obtain required resolutions from shareholders and directors.
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(c)
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Document Preparation - Prepare incorporation and constitutional documents, compliance records, and statutory declarations.
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(d)
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Application Filing - Submit prescribed forms and supporting documents to the Companies Registry.
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(e)
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Approval and Registration - Upon approval, the company is registered in Hong Kong and continues as the same legal entity.
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(f)
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Post-registration Compliance - Update business registration, notify stakeholders, and meet ongoing filing obligations
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- Points to Note
- Resolve any pending disputes or insolvency matters before applying
- Ensure constitutional documents comply with Hong Kong law
- Be aware of annual return filing and audit requirements after registration
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- How Kaizen Can Help
Kaizen provides end-to-end support for re-domiciliation, from assessing eligibility to handling all filings and post-registration compliance. Our team ensures a smooth transition so you can focus on running your business.
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