Transfer of Domicile

Transfer of Domicile/Continuation is the process by which a company/enterprise moves its domicile from one jurisdiction to another by changing the country under whose laws it is registered or incorporated, while maintaining the same legal identity. Companies re-domicile or opt for Transfer of Domicile for a variety of reasons, the most important being able to take advantage of a tax neutral environment and/or the availability of a network of Double Taxation Agreements, to align their place of registration with their shareholder base, or to access specialist capital markets.

RAK International Corporate Centre permits companies /enterprises incorporated in other offshore jurisdictions to migrate into our jurisdiction.

The major advantages are as follows:

  • The enterprise does not cease to exist.
  • Move from a jurisdiction in case of any changes in the rules and regulations in the country where the enterprise have been registered.

STEP 01Application

STEP 02Submission of Documents

STEP 03Review

STEP 04Acceptance Confirmation