Re-domiciliation of a company is the process by which a company moves its ‘domicile’ (place of formation and incorporation) from one jurisdiction to another. Therefore, this allows the company to change the country under whose laws it is registered while maintaining the same legal structure.
Redomiciliation has become more prevalent in recent years as companies aim to take advantage of different jurisdictions and their laws. However, this has led to several countries to stop companies redomiciling, including countries like Austria, Luxembourg and Hungary. Therefore, it is essential to check your countries laws before committing to redomiciling a company.