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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.

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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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