In some cases, it’s possible to transfer an existing company to another jurisdiction. Known as redomiciling, this is not available in every country. You need to be aware of whether the country the company is currently in, allows companies to redomicile and that the country you want to move it, allows companies to be redomiciled. You must also be prepared to meet new requirements and obligations. The price of redomiciling a company can often be the same or even higher than incorporating a new company. Often, it is preferable to open a new company in the new offshore jurisdiction but there are some cases where this is not the ideal solution. Before making any decisions, it’s best to seek expert advice from Fast Offshore.