Redomiciliation to the Isle of Man (Continuing a company in the Isle of Man)
Isle of Man company law has many benefits, ideal for international asset holding and group planning. If a company is incorporated in a different jurisdiction it is often possible to re-register and continue the company in the Isle of Man subject to its company laws. Our experienced Corporate & Commercial Advocates can assist and advise you throughout the process, working with your chosen corporate service providers in the Isle of Man.
The Isle of Man has two separate company law regimes, under the Companies Act 1931 or the Companies Act 2006. It is possible to redomicile under either Act, although the Companies Act 2006 provides a more streamlined process in keeping with that Act’s modern approach. For a practical comparison of the 1931 and 2006 Isle of Man Companies Acts, please read our handy guide.
To progress re-registration in the Isle of Man an application is made to the Isle of Man Companies Registry, and if consent is given, the company can (with local approval) be de-registered in its original jurisdiction and re-registered in the Isle of Man, when it will become subject to the provisions of the applicable Act as if it had been incorporated in the Isle of Man.
Read Janice Turnbull’s useful article on Companies Transfer of Domicile.
Why Choose Simcocks?
We have a dedicated Corporate & Commercial Team to advise and assist at every stage of your project. Our lawyers have diverse experience, meaning they are capable of providing advice to large institutions, small businesses and everything in between. Many of our lawyers have worked in other jurisdictions with some having worked in international law firms and in-house with financial institutions as well as in private practice. Our clients include public and private companies, financial institutions and other regulated entities, public sector bodies, partnerships, charities and individuals.
Get in touch with one of our highly regarded Corporate & Commercial team to discuss your redomiciliation needs today.
