Redomiciliation Process: What It Is and Why It’s Necessary (Re-Domiciliation of Companies Meaning)
Channel: Esquire Group
Date: 2021-03-31

Redomiciliation Process: What It Is and Why It’s Necessary (Re-Domiciliation of Companies Meaning)

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In today's video, Jimmy Sexton is joined by Dmitry Zapol (IFS Consultants) and Ali Kanani (Bonnard Lawson) to discuss corporate redomiciliation.

Redomiciliation is the term for migrating a corporate entity from one jurisdiction to another. This can be necessary for a variety of reasons including enhanced tax efficiency, reducing administrative burden, achieving privacy, etc. Redomiciliation allows the entity to maintain its corporate history. This is especially important for banking and credit.

However, not all countries allow redomiciliation. Thus, it is very important to be selective whenever choosing a jurisdiction. Redomiciliation is not just for going “offshore.” The new trend is actually to bring companies back to “onshore” jurisdiction.

Jimmy, Dmitry, and Ali discuss some of the regulations such as the OECD’s Base Erosion Profit Shifting (BEPS) and Economic Substance Rules which can be a driving factor behind the decision to redomicile.

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Website: https://esquiregroup.com

About Jimmy Sexton:

Hi! I am Jimmy Sexton, LL.M. - Founder & CEO of Esquire Group. I founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning.

Connect with me on LinkedIn: https://www.linkedin.com/in/jimmysextonllm/

Disclaimer:

This video is prepared for educational purposes only. This video is not legal, tax or any other type of advice. Each individuals’ circumstances are different, you should seek legal and/or tax advice to address your specific situation and any questions you may have.