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Re-domiciliation of offshore companies into New Zealand
The New Zealand Companies Act allows existing companies, presently
registered in other offshore jurisdictions, to be re-domiciled into
New Zealand providing the company legislation of the country from
which the company is exiting permits this. This registration does
not create a new legal entity.
After a company is transferred and
re-domiciled into N.Z. the registrars of the respective countries
communicate, and the old company is struck off the old countries
register. Therefore the registration of the same company ceases
in the foreign country, simultaneously with the registration in
New Zealand. The same plan can operate in reverse, providing this
is facilitated by the overseas jurisdictions company office. The
company would be required to have to have a N.Z. representative
and N.Z. registered office.
These provisions enable flexibility for a company in any jurisdiction
in which tax or other legislation becomes unacceptable, or alternatively
the whole jurisdiction is blacklisted, to be re-domiciled into New
Zealand. The reverse also applies, should a client no longer want
their company to be domiciled in New Zealand.
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