Company re-domiciliation opens for application
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The Companies (Amendment) (No. 2) Ordinance 2025 was gazetted and came into effect today. From today onwards, a company incorporated outside Hong Kong may apply to the Companies Registry (CR) for re-domiciliation to Hong Kong. The mechanism reduces the need to go through complicated and costly judicial procedures, and enables a re-domiciled company to maintain its legal identity as a body corporate, thereby ensuring business continuity. At the same time, an applicant for company re-domiciliation is required to fulfil requirements concerning company background, integrity, member and creditor protection, solvency, etc.
The types of company which may apply for re-domiciliation to Hong Kong include a private company limited by shares, a public company limited by shares, a private unlimited company with a share capital and a public unlimited company with a share capital, or a type comparable to the above four types of company.
Under normal circumstances, the CR will complete the approval process within two weeks after an applicant has submitted all required documents and information. Upon the issuance of a certificate of re-domiciliation, the applicant becomes a re-domiciled company, which will generally be regarded as a Hong Kong-incorporated company with effect from its re-domiciliation date. A 120-day period will be allowed for the re-domiciled company to complete the deregistration procedures at its place of incorporation.
For regulatory purposes of the insurance and banking sectors, a non-Hong Kong-incorporated authorized insurer, or an authorized institution (AI), a holding company of an AI or an approved money broker should approach the Insurance Authority (IA) or the Hong Kong Monetary Authority (HKMA) (as the case may be) for prior assessment before making a re-domiciliation application to the CR.
Further information on company re-domiciliation procedures, including a guide on company re-domiciliation, forms and frequently asked questions, is available in a new thematic section of the CR's website (www.cr.gov.hk/en/legislation/co2025/redomiciliation/overview.htm). The IA and HKMA will announce details on the requirements for relevant financial institutions separately.
Ends/Friday, May 23, 2025
Issued at HKT 9:00
Issued at HKT 9:00
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