STOP PRESS: The UK government is consulting on a new framework to allow foreign companies to re-domicile (transfer their place of incorporation) to the UK without creating a new legal entity. This initiative aims to ease, speed, and reduce the cost of moving, encouraging business growth and investment in the UK.
Key Aspects of the Proposed Redomiciliation Regime are:
The consultation prioritises an ‘inward-only’ regime, enabling foreign firms to move to the UK, while currently focusing on not permitting outgoing re-domiciliation.
Companies can retain their existing legal personality, contracts, and liabilities, avoiding the need to transfer assets.
Only solvent companies intending to operate in the UK are eligible.
The process will be managed by Companies House, involving a certificate of redomiciliation.
The consultation closes June 19, 2026. See: Open for business: implementing a UK corporate re-domiciliation regime for more information.
Planning for high net worth private clients with international ties who are UK resident has often involved the use of non-UK resident companies, whether owned directly by individuals or through an offshore trust/company structure.
Potential advantages of using a company include:
Privacy...
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